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Bloomberg Eskom Holdings SOC Ltd’s own mishandling of a repair contract led to the closure of its Camden power plant, a move that worsened power cuts by South Africa’s near-monopoly electricity provider, the company said. In its first detailed explanation of the shutdown, Eskom said the initial 635 million rand ($38 million) contract expired in 2018 amid questions about conflicts ...

Bloomberg Russia’s ambassador to the UK, Andrei Kelin, rejected allegations that hackers linked to the country’s intelligence services targeted British coronavirus vaccine research, and accused Britain of cyber-attacks against Russia. Britain’s National Cyber Security Centre said that vaccine and therapeutic sectors in multiple countries have been targeted by a group known as APT29, which it said is “almost certainly” part ...

Bloomberg European Union (EU) leaders meeting in Brussels were fighting to close a deal for a 750 billion-euro stimulus package as fiscally hawkish countries from the North tried to strip the plan of much of its firepower. While the Dutch government welcomed a new proposal unveiled that cut the amount of grants in the program to 450 billion euros from ...

Bloomberg The British government privately told Huawei Technologies Co. that the decision to ban the company’s equipment from the UK’s 5G networks stemmed partly from pressure by the US, the Observer reported, without saying how it got the information. British officials gave the Chinese company the impression that the decision could be reviewed, perhaps if US President Donald Trump fails ...

Bloomberg Prime Minister Boris Johnson’s chief scientific adviser acknowledged there were failings in the UK’s response to the coronavirus pandemic, and said some decisions will turn out to have been wrong. “It’s clear that the outcome has not been good in the UK,” Patrick Vallance told the House of Commons Science and Technology Committee hearing. “There will be decisions made ...

Bloomberg With job cuts mounting and costly furlough programs that can’t last forever, Europe is at risk of a devastating increase in unemployment that won’t be easy to reverse. Economies across the continent are recovering and company sentiment is brightening, but it’s a different story when it comes to hiring. After months of crisis, the outlook remains too uncertain for ...

Abu Dhabi / WAM The UAE leaders reviewed the Hope probe’s pre-flight preparations days before its historic launch to Mars from Japan’s Tanegashima Space Center in the first ever Arab interplanetary mission. Through a video meeting, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, reviewed with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, the strategic relations between the two friendly countries and prospects of propelling cooperation across various fields. This came over a phone call between the two top diplomats, wherein they ...

Dubai / WAM Younis Haji Al Khoori, Undersecretary of the Ministry of Finance (MoF) participated on Saturday in the fourth meeting of the Group of Twenty (G20) Finance and Central Banks’ Deputies which was held remotely on July 16 and 17. The meeting discussed the third G20 Finance Track Communiqué which reflects the group’s commitment to bring the financial response ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Saturuday an exciting initiative to enhance Science, Technology, Engineering, and Mathematics (STEM) education among kids in the UAE. The initiative, called “STEM@Home”, enables children to remotely access STEM resources and learn new skills through engaging science-based challenges. Adnoc embarked on the initiative to promote STEM education online ...