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Bloomberg US Secretary of State Michael Pompeo condemned Hong Kong’s decision to delay its Legislative Council elections by a year and urged the city’s government to reconsider. “There is no valid reason for such a lengthy delay,” Pompeo said in a statement. “This regrettable action confirms that Beijing has no intention of upholding the commitments it made to the Hong ...

Bloomberg Argentina’s creditors have approached several international organisations to seek endorsement for a proposal to change the rules that govern some of the country’s overseas securities, according to people familiar with the matter. The International Monetary Fund (IMF), the US Treasury, the International Capital Market Association (ICMA) and the Institute of International Finance (IIF) are among the organisations that have ...

Bloomberg Siemens Healthineers agreed to buy Varian Medical Systems in cash in a transaction that values the medical equipment maker at about $16.4 billion, more than 20% above its current market value. The German company offered $177.5 a share for the Palo Alto, California-based business, which will be financed through both debt and equity, Siemens Healthineers said in a statement ...

Bloomberg Prime Minister Boris Johnson is considering sealing off Greater London and ordering at-risk members of the population to stay at home under a potential scenario designed to avert a second national lockdown, according to news reports on Saturday. Possible measures include locking down the capital if infection rates spike and tightening quarantine rules on those flying into the UK, ...

Bloomberg When it comes to helping employees balance work hours with relaxation, Acuity Insurance Chief Executive Officer Ben Salzmann has a unique tool at his disposal: a 65-foot Ferris wheel. Before the pandemic struck, Salzmann would regularly fire up the amusement-park staple inside the company’s Sheboygan, Wisconsin, headquarters. About twice a month, employees were invited to bring their families in ...

Abu Dhabi / WAM In line with the development vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and under the direction of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to ensure social stability and raise the quality of living for citizens in ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has reviewed with Jeyhun Bayramov, Azerbaijani Foreign Minister, the strategic relations between the two countries in a number of areas including science, health, technology and education. This came over a phone call between the two diplomats, wherein HH Sheikh Abdullah congratulated ...

Abu Dhabi / WAM More than 270 UAE exporters and potential international buying partners came together virtually for the UAE’s major buyers and exporters forum since Covid-19 shut down global trade events. During an online trade promotion event, participants discussed how the UAE national export community can help them overcome the significant financial challenges and risk they face in today’s ...

Dubai / Emirates Business Since the Dubai Financial Services Authority (DFSA) launched the DFSA Cyber Threat Intelligence Platform (TIP) in January, over 130 DFSA authorised firms and DIFC registered companies have joined the platform. The platform has provided members with information and technical indicators on a multitude of cyber threats, with an average of 160 new threats per week. Since ...

Bloomberg An explosion at an Arizona energy storage facility last year was started by a defective battery cell that overheated and caused a buildup of flammable gas, according to a report. Firefighters unintentionally ignited the gas on April 19 last year when they opened a door to the facility located near Phoenix, Arizona, according to the report released by Pinnacle ...