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Bloomberg The Nord Stream 2 gas pipeline should be completed in the second half of next year, despite the US sanctions that prompted one of the companies involved to halt operations, although costs will rise, a senior German official said. Switzerland’s AllSeas Group SA removed vessels that were laying the last section of the pipeline connecting Russia with Germany, which ...

Bloomberg The UK’s dismal productivity performance since the financial crisis has been named the country’s “statistics of the decade” by the Royal Statistical Society. The society chose “0.3%” — the estimated average annual increase in productivity in the past 10 years. That compares with the 2% average increase in hourly output in the years before 2008. The performance, the worst ...

Dubai / WAM Emirates Development Bank (EDB), on Sunday signed an agreement to launch an online empowerment platform that will provide free essential resources and content to help entrepreneurs at various stages of their business development. Powered by Potential.com, the online platform will provide visitors to EDB’s website, as well as the general public, access to business courses, templates and ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi has just been awarded with the Guinness World Records title for the ‘Largest Augmented Reality (AR), Screen’, as part of a pioneering augmented-reality advertising campaign to promote the UAE capital as a world-leading holiday destination. The latest marketing campaign utilised the famous 40-foot digital billboard known as ...

DUBAI / WAM The UAE federal export credit company, Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU), with the Export Credit Guarantee Agency of Oman (Credit Oman), to enhance trade and economic cooperation between the two countries. The signing took place during the 10th AMAN UNION General Assembly, held in Muscat. The MoU was signed by Massimo Falcioni, ...

ABU DHABI / WAM Hedayah, the International Centre of Excellence for Countering Violent Extremism (CVE), signed a memorandum of understanding on the margins of the Civil Society Workshop, with the United Nations Office of Counter-Terrorism (UNOCT). According to a statement released by the centre, the memorandum will further expand the reach of programmes to prevent radicalisation leading to violent extremism ...

Bloomberg Prime Minister Narendra Modi has staunchly defended India’s contentious new religion-based citizenship law in an address to a mass rally in the capital New Delhi, while elsewhere in the country the death toll from violent protests against the legislation crept higher. He asked voters to thank the parliament for pushing through the law last week and accused opposition parties ...

Bloomberg The personal data of about 100,000 Singapore defence personnel may have been leaked in yet another cyberattack in the city-state. Sensitive information held by two security force vendors, including full names, identification details, and a combination of contact numbers, email and residential addresses could be included in the potential data exposure, according to a statement published on the ministry’s ...

Bloomberg Tesla Inc bucked the downturn in the world’s biggest electric-vehicle market last month as its new-car registrations in China soared 14-fold, giving the Model 3 maker some momentum as it prepares to begin deliveries from its Shanghai factory. Registrations of Tesla vehicles climbed to a five-month high of 5,597 in November, compared with 393 a year earlier, according to ...

Bloomberg Facebook Inc acquired a small video-shopping startup earlier this year to help build a live shopping feature inside the company’s Marketplace product, according to a person familiar with the plans. The social media company bought Packagd, a five-person company founded by Eric Feng, a former partner with Kleiner Perkins Caufield & Byers, and most of the startup’s team joined ...