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  Abu Dhabi / WAM The central bank of the UAE (CBUAE), in collaboration with American University of Sharjah (AUS), issued 1,000 commemorative silver coins to celebrate AUS’ Silver Jubilee. The issuance of these commemorative coins aims to celebrate twenty-five years since the establishment of AUS in 1997, in fulfilment of the vision of its founder, HH Dr Sheikh Sultan ...

  Sharjah / WAM The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is showcasing some of its major projects, initiatives and publications with its participation at the Jeddah International Book Fair 2022. The fair is organised by Saudi Arabia’s Literature, Publishing, and Translation Commission from 8th to ...

Bloomberg Germany’s first liquefied natural gas terminal is about to arrive on the country’s north coast, the first of several specialist tankers Berlin is counting on to ease its energy crisis. The Hoegh Esperanza, a floating storage and regasification unit, or FSRU, is scheduled to land at Wilhelmshaven on Saturday, according to the German Economy Ministry. The vessel, which converts ...

  Bloomberg Three US lawmakers questioned Amazon.com Inc’s plans for rebuilding an Illinois warehouse that collapsed in a tornado last year, killing six workers and prompting an investigation by workplace safety regulators. The lawmakers said the e-commerce company should be constructing the warehouse with stronger safety features than existed before the collapse. Amazon is a tenant in the facility owned ...

  Bloomberg Workers at Rolls-Royce Motor Cars Ltd will receive as much as an 18% pay increase, which the Unite union claimed was a record increase. Around 1,200 staff who put together the luxury brand’s Phantom, Ghost and Cullinan models at its factory in Goodwood voted in favour of a 10% wage increase along with a one-off payment of £2,000 ...

Bloomberg Private-sector activity in the euro area’s top two economies shrank in December, but while France faces a greater risk of falling into recession, the downturn underway in Germany is showing signs of easing as inflation cools. S&P Global’s flash Purchasing Managers Index for France dropped to its lowest level in almost two years, unexpectedly falling to 48 on service-sector ...

  Bloomberg Starbucks Corp baristas at 50 locations throughout the US are starting a three-day strike, saying the company isn’t bargaining fairly with recently unionised stores. Organisers say the planned strike will involve more than 1,000 workers, making it the biggest multiday work stoppage ever by Starbucks Workers United, the labour group that’s prevailed in elections at about 270 of ...

Bloomberg North Korean leader Kim Jong-un oversaw the test of a new solid-fuel rocket engine that could enhance the state’s ability to fire off quick-strike, longer-range missiles for delivering nuclear warheads. State media said Kim “guided the important test” of a “high-thrust solid-fuel motor,” noting it was the first of its kind for the country. “This important test has provided ...

  Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a memorandum of understanding (MoU) with Ras Al Khaimah Economic Zone (Rakez) to support the emirate’s path towards economic diversification by stimulating its non-oil foreign trade. The MoU came as part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its ...

  Abu Dhabi / WAM The UAE participated in the first G20 Finance and Central Bank Deputies meeting. Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the G20 priorities set by the Indian presidency and the finance track agenda for 2023. Ebrahim Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability ...