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Bloomberg Malian Vice President Assimi Goita said he fired the nation’s president and prime minister, hours after the two men were detained by mutinous soldiers. “In light of recent events, I feel obliged to relieve the president and prime minister of their functions to defend the republic,” Goita said in a statement read on state television on Tuesday by Baba ...

Bloomberg Germany has suffered a 300 billion-euro ($366 billion) blow from fallout linked to the coronavirus and the economic damage will take years to fix, according to research group IW Cologne. The pandemic is projected to slash about 100 billion euros ($122.59 billion) from the output of Europe’s largest economy in the first half of 2021, adding to the hit ...

Bloomberg The UK posted a 31.7 billion-pound budget deficit ($45 billion) in April as the new fiscal year got under way. The shortfall reported by the Office for National Statistics on Tuesday was in line with the median forecast of economists but well below the 47.3 billion pounds registered in April last year, when the first coronavirus lockdown pummeled the ...

Bloomberg Sales of previously owned US homes dropped unexpectedly in April for a third straight month as an inventory crunch pushed up prices by the most on record and restrained purchases. Contract closings decreased 2.7% from the prior month to an annualised 5.85 million, the slowest pace since June, according to data from the National Association of Realtors. The median ...

Bloomberg Poland has “undoubtedly” emerged from its first economic slump in three decades, while European Union (EU) stimulus and a government plan to boost spending will stabilise the economy and ensure strong growth in the coming years, Deputy Prime Minister Jaroslaw Gowin said. Polish output shrinks for a fourth straight quarter in the first three months of this year. But ...

Dubai / WAM The sixth edition of the Global Business Forum (GBF) Africa is set to take place on October 13-14, under the theme Transformation Through Trade, Dubai Chamber of Commerce and Industry has announced. Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Monday announced its newly-defined corporate purpose: Together, innovating aluminium to make modern life possible. By fulfilling its purpose in the years and decades to come, EGA will also achieve its new mission to generate value from mining to metal. EGA is the world’s largest producer of ‘premium aluminium’, with smelters in ...

AMMAN / WAM The Emirates Red Crescent (ERC) has launched the first phase of vaccination programme for Syrian refugees in the Jordanian camps to help the country confronts the coronavirus pandemic. The programme aims to vaccinate 12,000 refugees in the Emirati-Jordanian camp of Mrajeeb Al Fhood and camps of Zaatari, Al Azraq and Al Hadiqa with the Sinopharm vaccine. The ...

DUBAI / WAM The Business Registration and Licencing (BRL) sector of Dubai Economy issued 15,475 new licences during the first quarter of 2021, a growth of 19 percent compared to Q1 2020, when 13,027 licences were issued. This highlights the resilience of the business environment of Dubai and the emirate’s economic competitiveness and ability to attract businesses to across various ...

Bloomberg Russia dismissed European Union (EU) and US outrage at the forced landing of a Ryanair Holdings Plc plane in Minsk by Belarusian authorities who arrested a journalist on board. The European Union will consider further sanctions against President Alexander Lukashenko’s administration when its leaders meet for dinner in Brussels for the start of a two-day summit. The EU was ...