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Bloomberg The UK announced a $370 million investment aimed to spur the development of greener flights for people and goods. The government will put 125 million pounds into the initiative, which will to supplement 175 million pounds from industry, Prime Minister Boris Johnson’s office said in a statement late Friday. The intention is to support new technologies including freight-carrying drones, ...

ABU DHABI / WAM Abu Dhabi National Energy Company PJSC (Taqa) announced that its subsidiary, Taqa Atrush BV (Taqa Iraq), has set a new production record from the Atrush oil field in the Kurdistan Region of Iraq. For the first time since the field commenced production operations in July 2017, the total monthly production volume exceeded 1 million barrels of ...

NEW YORK / WAM The United Arab Emirates has expressed its regret and categorical rejection of allegations it is facing in light of ongoing developments in Aden, affirming its firm stance as a Coalition partner and determination to continue exerting all efforts to de-escalate the current situation in Yemen. This statement followed comments by Saud Al Shamsi, Deputy Permanent Representative ...

SHARJAH / WAM Sharjah’s Environment and Protected Areas Authority (EPAA) has prevented the smuggling of several animals included within the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Cites), on land borders, in cooperation with the Sharjah Police General Headquarters, Al Madam Police Station. According to a statement released by the authority, a group of individuals ...

Dubai/ WAM Dubai Chamber of Commerce and Industry (DCCI) revealed that the UAE’s trade with Botswana in Africa in 2018 was AED5.14 billion, with diamonds accounting for more than 90 percent of Botswana’s exports to the UAE. Dubai Chamber presented the economic scene in the Emirate of Dubai during its participation through its representative office in Mozambique at the “Botswana ...

Bloomberg Singapore has been moving forward on its aim to be the lead broker of infrastructure projects in Southeast Asia, and is intent on getting the private sector more involved. Globally, government funding accounts for about 40% of infrastructure spending, but in Asia it’s 90% — an “unsustainable” proportion, Indranee Rajah, minister in Prime Minister Lee Hsien Loong’s office, said ...

Bloomberg While Thailand’s surging currency is squeezing exporters, the nation’s largest consumer-electronics retail chain is benefiting as the strong baht attracts customers by making iPhones and Samsung smartphones cheaper. Com7 Pcl’s 72% total return this year through Monday on its stock ranks as the world’s best performance among electronics sellers with a market value of at least $500 million, according ...

Bloomberg As European steel demand comes under growing pressure, two big suppliers to the bloc are betting on online stores to help attract new clients. It may not sound like a groundbreaking plan — Internet shoppers around the world can already order anything from a prefabricated house to a human skull — yet European steel buyers still make most purchases ...

Bloomberg Chancellor Angela Merkel’s cabinet on Wednesday agreed to abolish a tax that was used to help finance reunification for all but the very wealthy. From 2021, the so-called “Solidarity Surcharge” will be eliminated for 90% of those currently paying it and another 6.5% will receive partial relief, the finance ministry said in a statement. As a result, expected revenue ...

Bloomberg Facebook Inc. is making good on a promise the company made following last year’s Cambridge Analytica scandal: It finally finished a feature that will let users separate their internet browsing history from their personal profiles. The move is a risk for the world’s largest social media company because it could make Facebook advertising less accurate and potentially less valuable ...