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Bloomberg President Joe Biden said the racial strife that’s gripped the US since George Floyd’s death is an opportunity to make significant strides toward addressing inequity, likening the era to the civil rights movement of the 1960s. “We have a chance now, a chance now, to make significant change in racial disparities,” Biden said at a CNN town hall event ...

Abu Dhabi / WAM EPI, the precision engineering backbone of the UAE’s aerospace and defence industry, on Tuesday announced that it is joining forces with the Mohammed Bin Rashid Space Centre (MBRSC), home to the UAE National Space Programme, to manufacture key components for its new satellite project MBZ-SAT. The six-month-long project will see EPI producing 147 machined parts for ...

Abu Dhabi / WAM Noura Al Suwaidi, Secretary-General of Women’s Union (GWU), stressed that HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF) the “Mother of the Nation,” is exerting all possible efforts to support and empower women around ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 193,163 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding scope of testing nationwide to facilitate early detection of coronavirus cases and carry out necessary treatment. As part ...

Bloomberg Singapore reaffirmed its forecast for a rebound in economic growth this year after its worst annual contraction since independence, signalling the recovery is on track while more stimulus expected in this week’s annual budget presentation will provide further support. The Ministry of Trade & Industry (MTI) maintained its projection for growth in a range of 4% to 6% for ...

Bloomberg Japan incentivising its companies to shift manufacturing facilities out of China and adding Bangladesh to a list of preferred destinations for relocating the factories may give the South Asian nation’s economy a boost. “As the pandemic started in China, Japanese companies needed to diversify” their supply chains further, Naoki Ito, the Japanese ambassador to Bangladesh, said in an interview. ...

Bloomberg Myanmar’s junta again defended its move to oust civilian government in the face of nationwide protests, dismissing the impact of US sanctions while showing no signs of a compromise with demonstrators. Brigadier-General Zaw Min Tun, the lead spokesman for the State Administration Council, said on Tuesday the military’s actions were in line with the 2008 constitution and “not a ...

Bloomberg The UK could need tax increases of about 60 billion pounds ($84 billion) if Chancellor of the Exchequer Rishi Sunak wants to balance the books, according to the Institute for Fiscal Studies (IFS). The warning sets the tone for the Treasury’s budget on March 3, when Sunak is due to outline how he intends to address the ruinous legacy ...

Bloomberg Colombia’s economy grew faster than expected at the end of 2020 as a rebound in consumer spending led the recovery from the worst slump in the nation’s history. The economy expanded 6% in last three months of the year compared to the previous quarter, beating the median forecast of 5.7% growth from analysts surveyed by Bloomberg. The recovery was ...

Bloomberg France is optimistic that the European Commission will sign off within days on an innovative plan for helping companies through the post-pandemic recovery, according to a finance ministry official, who asked not to be identified. The French government has proposed a program to partially guarantee billions of euros of so-called participatory loans to improve corporate balance sheets and encourage ...