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  Bloomberg The UK’s grid operator asked one coal-fired power unit to be ready to generate power as it seeks to boost electricity supplies during a cold snap. The Uniper SE-owned unit at the Ratcliffe plant in central England is warming and will be ready to provide power by 12:25 pm London time on Tuesday, according to a notice by ...

  Bloomberg The UK Treasury is exploring a significant increase in the bonds it sells to retail investors, a move that analysts say may draw in as much as £70 billion ($85.8 billion) for financing deficits in the coming years. The move would help Chancellor of the Exchequer Jeremy Hunt raise money at a time of economic turmoil and alleviate ...

Bloomberg Emmanuel Macron’s government may offer another concession on plans to raise France’s retirement age from 62 to 64, seeking to secure a parliamentary majority amid a massive public backlash. The government is considering another carve-out so more people can retire before they turn 64, Macron’s Prime Minister Elisabeth Borne said in an interview with the JDD newspaper on Sunday. ...

  Bloomberg Joe Biden’s clean technology law has dragged the European Union into a subsidy fight that may trigger a transatlantic trade war, just as the allies are joining forces against Russia’s invasion of Ukraine. The EU has always defended the global rules-based order, even as the US has grown increasingly hostile toward the constraints it adopted as a member ...

  Bloomberg Life sciences company Danaher Corp. has expressed takeover interest in contract manufacturer Catalent Inc., according to people familiar with the matter. The overtures by Danaher in recent months valued Catalent at a significant premium, the people said, asking not to be identified because the matter is private. It’s unclear how Catalent will proceed or whether it’s receptive to ...

Bloomberg The US shot down an alleged Chinese surveillance balloon off the South Carolina coast on Saturday, injecting new tension into relations with Beijing which called the move an overreaction. President Joe Biden said he ordered the Pentagon on Wednesday to down the balloon as soon as possible “without doing damage to anyone on the ground.” The military decided the ...

  Bloomberg India’s main opposition party ramped up the pressure on Prime Minister Narendra Modi over his silence on the Adani turmoil and planned a nationwide protest on Monday to highlight the risk to small investors. “What action has been taken, if ever, to investigate the serious allegations made over the years against the Adani Group?” Jairam Ramesh, general secretary ...

  Dubai / WAM Drydocks World, a DP World company, and Aker Solutions have formed a joint venture (JV) to upgrade a Floating Production Storage and Offloading (FPSO) vessel for the Rosebank oil and gas field in the UK. The new joint venture combines the complementary strengths, resources, and experience of Drydocks World’s leading marine and offshore services with Aker ...

Dubai / WAM The Dubai Health Authority (DHA) on Friday signed a memorandum of understanding with Trends Research and Advisory (Trends) during Arab Health 2023, to collaborate on several research projects, studies and polls relating to the health sector in the emirate. The MoU was signed by Fatima Abbas, CEO of Strategy & Corporate Development Sector at the DHA and ...

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Catherine Colonna, French Minister of Europe and Foreign Affairs. During the meeting, which took place in Abu Dhabi, the two sides discussed their relations and available opportunities for widening their cooperation, under the framework of strategic partnership between the ...