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Bloomberg Latin America faces risks as its economy rebounds from the worst downturn in two centuries, with better fiscal policy needed to ensure a sustained recovery, according to region’s development lender. Output will grow 4.1% this year as vaccine rollouts proceed and businesses continue to open, the Inter-American Development Bank said in forecasts released at its annual meetings. The bank ...

Bloomberg France amassed its biggest-ever green bond orderbook in its second sale of new debt, extending a pole position in the market to finance environmental projects. The nation raised 7 billion euros ($8.3 billion) from the securities maturing in 2044. Investors bid over 34.5 billion euros, about 50% more than for its first such offering in 2017, reflecting the surge ...

Bloomberg Tesla Inc. Chief Executive Officer (CEO) Elon Musk used an opportunity to speak to an audience in China to strenuously deny the electric carmaker would ever use a vehicle’s technology for spying. Appearing at the China Development Forum, a conference organized by a unit of the country’s State Council, in a session titled “The Next Disruptive Innovation?” Musk said ...

Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has entered into a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) to establish a regulatory framework for businesses offering, issuing, listing, and trading crypto assets in DMCC. The agreement will see businesses dealing with crypto ...

Abu Dhabi / WAM The Abu Dhabi Department of Education and Knowledge (ADEK) announced opening application for the Abu Dhabi Scholarships for Distinguished Students – a premier programme for Abu Dhabi’s outstanding Emirati students designed to meet priority labor market needs. Applications are being accepted online between March 21 and April 3 for high-performing Emirati Grade 12 / Year 13 ...

Dubai / WAM A French-Japanese consortium has won a contract for the operation and maintenance of the Dubai Metro as well as the operation of the Dubai Tram. The contract covers 15 years (9 base years and six renewable years) and amounts to approximately AED542 million ($147.56 million) per annum. The consortium consists of three companies namely Keolis, Mitsubishi Heavy ...

SHARJAH / WAM The Environment and Protected Areas Authority (EPAA) in Sharjah welcomed 66,663 visitors to six of its centres during January and February 2021. The numbers were broken down as follows: 2,500 visitors to the Wasit Wetland Centre; 1,925 visitors to the Kalba Bird of Prey Centre; 3,590 visitors to the Buhais Geology Park; 1003 visitors to the Al ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 240,035 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Saturday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Bloomberg The US sought to further strengthen defense cooperation with India as part of President Joe Biden’s push to develop closer ties with Asian partners amid widening differences with China. Secretary of Defense Lloyd Austin held talks with his Indian counterpart Rajnath Singh in New Delhi on Saturday to discuss opportunities to elevate the US-India defense partnership through regional security ...

Bloomberg The European Union (EU) sued the UK for failing to recover illegal tax breaks doled out to multinational firms, in the second legal move against the former member state this week. Authorities still haven’t clawed back all of the 100 million euros ($119 million) in tax breaks aimed at luring multinational firms to the UK territory of Gibraltar, more ...