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Bloomberg Southeast Asia stands to reap $12.5 trillion in economic gains by 2070 if it takes urgent moves to slow climate change, while inaction could yield losses more than double that size, according to the Deloitte Economics Institute. The region’s gross domestic product could grow by an average of 3.5% per year over the next five decades if it nurtures ...

Bloomberg Denso Corp, Toyota Motor Corp’s top supplier, says production at the automaker should recover swiftly, leaving Denso on track to beat its own profit forecast for the current fiscal year. Denso will likely take a profit hit of about 20 billion yen ($182 million) to 30 billion yen in September due to Toyota’s production cuts, Chief Financial Officer Yasushi ...

Bloomberg The US military is speaking with the Taliban several times a day, as the group warn of “consequences” if the US delays withdrawing all troops from Afghanistan past an end of month deadline. “It’s a red line,” Qatar-based Taliban spokesman and negotiator Suhail Shaheen said in an interview with Sky News. If the US or UK were to seek ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a phone call from President Joe Biden of the United States of America, during which President Biden thanked the UAE and its leadership for their support in helping evacuate American diplomats and nationals ...

ABU DHABI / WAM Adnoc Distribution on Sunday announced that it will be included in the FTSE Emerging Markets (EM) Index, from September 16 (close of business). Inclusion is subject to final confirmation by FTSE on September 6. Adnoc Distribution was included in the FTSE EM Index by FTSE Russell after meeting the requirements and will now be part of ...

Abu Dhabi / WAM Ministers and key officials of several developing countries across the globe have lauded the efforts of the Abu Dhabi Fund for Development (ADFD) in driving sustainable economic development in their countries. Noting that the fund has played a significant role in financing thousands of development projects across strategic sectors, they highlighted the profound change brought about ...

AL AIN / WAM The United Arab Emirates University (UAEU), the flagship institution with an independent pavilion at Expo 2020 Dubai, has revealed its pavilion’s facade design built on the theme of the ‘University of the Future’ (UoF). The new theme represents a new model of education which is focused on preparing the next generation in solving employability challenges, by ...

DUBAI / WAM The Digital School and Arizona State University (ASU) signed a Memorandum of Understanding with Digital School to develop innovative tools and mechanisms to advance digital education in the region and the world. The agreement was signed by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications and Chairman of ...

Bloomberg The US is placing “paramount priority” on defending crowds at Kabul airport seeking to leave Afghanistan against a potential IS terrorist attack, National Security Adviser Jake Sullivan said. “The threat is real, it is acute, it is persistent and it is something that we are focused on with every tool in our arsenal,” Sullivan said on CNN’s “State of ...

Bloomberg A tax break on property purchases played a smaller part than commonly thought in the UK’s pandemic housing boom, according to a report that accuses Chancellor of the Exchequer Rishi Sunak of wasting billions of pounds of public money. The analysis by the Resolution Foundation claims that the build-up of savings during lockdowns, changes in housing preferences and cheaper ...