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Bloomberg South Korea’s exports are set for another monthly gain in March, adding to signs the global economic recovery is taking hold as vaccinations pick up. Exports rise 12.5% in the first 20 days of the month from a year earlier, the customs office reported on Monday, with chips and cars leading the gains. Average daily shipments increased 16.1% during ...

Bloomberg Gold price’s slump to near a nine-month low is drawing jewelry shoppers in Asia to hunt for bargains. After a year of demand being in the doldrums, retailers are buying more of the precious metal to cater to people like Seema B, a 35-year-old housewife who ventured to Mumbai’s Zaveri Bazaar to get new bangles after months of putting ...

Bloomberg More than 20 Western diplomats staged a public show of unity outside a Canadian’s high-profile spying trial, highlighting their shared concern about the risk of arbitrary detention in the country. Representatives from the US, the UK, the European Union and numerous European countries were turned away en masse while attempting to attend the trial of Michael Kovrig. The International ...

Dubai / WAM Dubai Airport Freezone Authority (Dafza) is celebrating its Silver Jubilee year, highlighting its success as one of the leading free zones in the UAE, following outstanding financial and operational results last year. The free zone’s results affirm the effectiveness of its strategic initiatives and economic incentive packages that were launched to overcome the challenges caused by Covid-19. ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) signed a Memorandum of Understanding (MoU) with Sharjah Commerce and Tourism Development Authority (SCTDA) to promote the RTA’s marine transport line for ferry riders between the two emirates. Ahmed Hashim Bahrozyan, CEO of the Public Transport Agency, RTA and Khalid Jasim Al Midfa, Chairman of Sharjah Commerce and Tourism Development Authority, ...

Sharjah / WAM The Big Heart Foundation (TBHF), a UAE-based global humanitarian organisation dedicated to helping refugees and people in need worldwide, received 213 nominations from 41 countries for the fifth edition of the Sharjah International Award for Refugee Advocacy and Support (Siara). Siara 2021 has received 105 nominations from across Africa and 94 from Asia, representing 49 percent and ...

DUBAI / WAM The Palm Tower, Nakheel’s new 52-storey landmark development on Dubai’s Palm Jumeirah, is now almost 95% complete, with all components due to open by October this year. Soaring 240 metres above the world-famous island, the building is in the advanced stages of fit out, with all exterior cladding completed, said a press release issued by Nakheel on ...

DUBAI / WAM Dubai’s real estate market recorded 3,787 sales transactions worth AED7.43 billion in February 2021, a 13.8 percent increase from January 2021 in terms of volume and 8.9 percent rise in terms of value, according to the 12th edition of Mo’asher, Dubai’s official sales price index that was launched by Dubai Land Department (DLD) in cooperation with Property ...

Bloomberg President Joe Biden faces growing pressure from his party’s left to wage an all-out defense of voting rights, as Republican-held statehouses pursue restrictions that would fall heaviest on Black voters who helped Democrats win the White House and both chambers of Congress. Some activists say Biden should reshuffle his priorities and set aside work on a multi-trillion-dollar infrastructure and ...

Bloomberg Germany is mulling around 70 billion euros ($83 billion) in extra debt spending this year to fight the fallout from the coronavirus crisis, according to a person familiar with the plans. Finance Minister Olaf Scholz needs those additional funds because the country’s lockdown is dragging on much longer than expected, the person said, cautioning that the exact number is ...