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  Bloomberg DoorDash Inc shares jumped after an optimistic earnings report that showed resilient demand for pricey takeout even amid a cost-of-living squeeze. The company also said its president would be stepping down as part of a slate of executive changes. DoorDash is anticipating adjusted earnings before interest, tax, depreciation and amortisation of $120 million to $170 million in the ...

Bloomberg President Joe Biden expects to speak with Xi Jinping about the Chinese balloon shot down by the US earlier this month, signalling a desire to end a dispute that has highlighted the fragility of relations between the world’s biggest economies. Biden disclosed plans for the call as part of his most extensive remarks yet about the balloon saga, which ...

  Bloomberg A British security guard who spied for Russia at the country’s Embassy in Berlin in exchange for money was sentenced to more than 13 years in prison on Friday. David Smith, 58, who collected a range of highly sensitive information from and about the embassy with the intention of supplying it to Russia, pleaded guilty to multiple breaches ...

  Abu Dhabi / WAM The net earnings of 123 listed Emirati companies reached AED191 billion in 2022, indicating their robust financial position and healthy revenue growth. According to a report by the Emirates News Agency (WAM), the net earnings of national listed companies increased by 60% or AED72 billion from January 2022 to December 2022. Out of the total ...

  Dubai / WAM DMCC has reported a 17 percent year-on-year increase in the value of diamond trade in 2022, totalling $37.4 billion combined for rough and polished diamonds, including a 42 percent rise in the polished category and a consistently strong 7 percent rise in rough. The soaring figures are further evidence of the rapid rise of Dubai as ...

  Abu Dhabi / WAM Dr Ghassan Abbas, the ambassador of Syria to the UAE, has said that the UAE’s humanitarian efforts to provide relief to those affected by the recent earthquake that struck his country have the greatest impact in alleviating the sufferings of the people. In a statement to the Emirates News Agency (WAM), Abbas said that since ...

Abu Dhabi / WAM M.A Yusuff Ali, Second Vice Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), reaffirmed the solid relations between the UAE and India, saying, “The UAE and India share a long history of solid relations, which laid the ground for signing the Comprehensive Economic Partnership Agreement (CEPA) last year. One of the key objectives ...

Abu Dhabi / WAM Dr Hamdan Al Mazrouei, Chairman of the Board of Directors of Emirates Red Crescent (ERC), said President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s order to give an additional $50 million aid to the earthquake victims in Syria reflects the President’s desire to strengthen the humanitarian efforts there. This will help alleviate the sufferings of ...

Bloomberg The pace of decline in Hong Kong’s population abated as the city moved to reopen after years of pandemic isolation. The city’s population fell by a net 12,900 people in the second half of 2022, down from a decrease of 55,400 in the first six months, according to government data. The previously announced population drop of 121,500 in the ...

  Bloomberg The Reserve Bank of India published a list of 32 entities, including Alphabet Inc’s Google Pay, Amazon.com Inc’s Amazon Pay and Reliance Payment Solutions Ltd, that are allowed to act as online payment aggregators. The names were released for “disseminating information and ensuring greater transparency,” the central bank said on its website. Other approved entities include Zomato Payments ...