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Bloomberg Investors rushed back into Tesla Inc. shares, putting a screeching halt to a five-day slump, and pushing the stock to its biggest gain in more than a year. A steady stream of positive news — including an upgrade from a Wall Street analyst, a rally in the cryptocurrency Bitcoin and a broader turn in sentiment toward high-multiple technology stocks ...

Bloomberg As the House is poised to send the $1.9 trillion Covid-19 relief plan to President Joe Biden for his signature, providing an economic boost that will last long after $1,400 stimulus checks start arriving in Americans’ accounts this month, the US economic outlook is much sunnier than it looked in early January. The latest Bloomberg monthly survey of economists ...

Bloomberg Puerto Rico is asking the court overseeing its record bankruptcy to consider a revised restructuring plan to cut $18.8 billion of bond debt backed by the central government, reviving a restructuring effort that has largely been stalled for a year by the coronavirus pandemic. Puerto Rico’s financial oversight board filed its debt adjustment plan, which hews to the terms ...

Abu Dhabi / WAM The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by an Arab nation, on Tuesday announced the completion of its commissioning and testing phase and its readiness for transition to its science orbit. The completion of testing is ahead of schedule and the transition to science manoeuvres will take place earlier than planned. “We have ...

Mohammed Jalal Al Rayssi (Director-General of WAM) ABU DHABI The UAE Peaceful Nuclear Energy Programme is a catalyst for growth in the UAE, providing 25 percent of the country’s needs for clean electricity. This project generates further energy supplies to support the national economy, and its diversification creates thousands of job opportunities and contributes to the Emiratisation of modern technologies. ...

SHARJAH / WAM Sharjah’s investment environment as well as emerging potential in new sectors were topics that dominated the Sharjah–Singapore Investment Webinar discussions organised by the Sharjah FDI Office (Invest in Sharjah). The webinar was operated under the Sharjah Investment and Development Authority (Shurooq), in collaboration with the Singapore Business Council. The virtually held meeting convened investors, business leaders and ...

Abu Dhabi / WAM Masdar’s Youth 4 Sustainability (Y4S) platform has launched the fifth edition of its “Ecothon Innovation Challenge” under the Future Sustainability Leaders (FSL) programme, to develop circular economy solutions to tackle waste. Under the patronage of HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Youth 4 Sustainability (Y4S), a Masdar outreach initiative, invests and actively supports ...

Bloomberg Hong Kong’s top legal official warned residents to steer clear of criticisms of the government that stray too far from the facts, as officials defend Beijing’s plan to overhaul the city’s elections. Hong Kong Justice Secretary Teresa Cheng said in an interview on Tuesday that opinions were “no more than an utterance of no value” if the facts weren’t ...

Dubai / WAM The Sustainable City (TSC), the Middle East’s first fully-operational sustainable community, announced it has introduced a new electronic waste (e-waste) collection and management solutions for the community. The 24-hour e-easte drop-off station — created in collaboration with Efate, a UAE based e-waste management company — will provide a free and efficient e-waste management solution to residents and ...

Dubai / WAM Enoc group announced AED86.9 million in cumulative savings from the implementation of innovative ideas submitted by its employees on the group’s innovation programme. Since its inception in 2012, the group’s innovation programme has received 3,824 suggestions and implemented 332 ideas, which contributed to the group’s significant financial savings. In 2020 alone, Enoc employees submitted 661 suggestions to ...