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Bloomberg The energy crisis, the coming winter weather and the release of pent-up pandemic demand have sent nations scrambling to stockpile fossil fuels, a move that portends a rebound for global carbon dioxide emissions this year. The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5° Celsius. China, India and other developing ...

Bloomberg Taiwan President Tsai Ing-Wen said the island is facing “unprecedented challenges” and will defend its sovereignty, pushing back after Chinese leader Xi Jinping declared a day earlier that unification will be achieved. Taipei hopes for an easing in cross-strait ties, and resolving differences requires dialogue on the basis of parity, Tsai said in a televised National Day address on ...

Bloomberg Canada has recovered all of the roughly three million jobs lost to Covid-19. The country’s economy added 157,100 jobs in September, returning the labour market to pre-pandemic levels, Statistics Canada said in Ottawa. That compares with economists’ expectation of 60,000 new jobs, according to the median estimate in a Bloomberg survey. The unemployment rate fell to 6.9% from 7.1% ...

Bloomberg Brazil’s consumer prices rise less than expected in September, supporting the central bank’s view that inflation peaked just above 10% and will start to slow as rising borrowing costs cool down the economy. Inflation accelerated to 10.25% from a year ago, its fastest pace since February 2016, and to 1.16% from the month prior, the national statistics institute reported. ...

Bloomberg Elon Musk plans for Tesla Inc.’s electric-car plant near Berlin to start producing vehicles as early as next month even as the US company still awaits final approval for the project that’s been delayed by legal challenges. The factory is to begin making Model Y cars in November or December, Musk said during a visit to the site in ...

Bloomberg The UK is more vulnerable to financial shocks than most other nations, a Bank of England (BOE) study concluded, indicating that openness to trade and banking poses some risks. Britain has more foreign assets and liabilities than any other major economy and relies on trade for 60% of its gross domestic product (GDP), more than the average across other ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued decree No. 15 for 2021 on the adoption of UAE’s 10 principles for the next 50 years. The decree stipulates that all ministries, federal and local government authorities, and institutions in the country should adhere to these principles and use them as guidelines in all ...

Dubai / WAM Nassar Habashneh, Ambassador of the Hashemite Kingdom of Jordan to the UAE, has commended the UAE’s efforts in organising and hosting Expo 2020 Dubai, which he described as a source of pride for all Arabs. In a statement at the inauguration of the Jordan pavilion at Expo 2020 Dubai, Habashneh said that the event has amazed the ...

Dubai / WAM The Emirates Mars Mission, the first interplanetary exploration undertaken by an Arab nation, Saturday released unique new images of Mars that challenge existing conception of how the planet’s atmospheric gases behave and interact. Taken by the Mars Hope probe’s EMUS instrument, the observations show dramatic variations in the concentrations of both atomic oxygen and carbon monoxide in ...

Dubai / WAM Dubai Customs received a delegation from Senegal headed by Habdul Rahman Diyay, Director-General of Senegal’s Customs. The visit aimed at learning about Dubai Customs’ business model and the latest practices they follow in processing transactions and implementing advanced inspection systems. Ahmed Mahboob Musabih, CEO of Ports, Customs and Free Zone Corporation, Director-General of Dubai Customs, and the ...