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Bloomberg The 700-meter wide pool of bubbling water in the Baltic Sea caused by the rupture of the Nord Stream gas pipelines points to a climate disaster. It’s the most visible of three major gas leaks emanating from the pipelines connecting Russia to Germany. Scientists are scrambling to work out just how much methane, one of the most powerful greenhouse ...

Bloomberg Vladimir Putin vowed his annexation of four occupied regions in Ukraine is irreversible, as the Russian president formalized Europe’s biggest land grab since World War II and accused the West of trying to subjugate his country. “They will become our citizens forever,” he told officials in a Kremlin ceremony Friday before he and Moscow-installed leaders signed annexation documents. He ...

  Bloomberg German inflation reached double digits for the first time since the euro was introduced more than 20 years ago, surging more than anticipated after temporary government-relief measures ended and Europe’s energy crisis worsened. Consumer prices jumped 10.9% from a year ago in September, topping August’s 8.8% advance, the Federal Statistics Office said. That’s more than the 10.2% economists ...

  Bloomberg Applications for US unemployment insurance dropped unexpectedly to a five-month low, led by a sizable decline in Michigan, suggesting robust demand for workers amid economic uncertainty. Initial unemployment claims decreased by 16,000 to 193,000 in the week ended September 24, after downward revision in the prior week, Labour Department data showed. The median estimate in a Bloomberg survey ...

  Bloomberg Canadian economic activity remained weak through the summer and job vacancies fall, a clear sign growth has begun to sharply slow down. Gross domestic product was flat in August, preliminary data from Statistics Canada show, after gaining just 0.1% in July and June. Since April, growth has averaged just 0.1% on a monthly basis. In a separate report, ...

  Bloomberg Tremors are continuing to ripple through the UK mortgage market despite the Bank of England’s intervention to calm financial turbulence. Higher borrowing costs for lenders means the average monthly cost of a two-year fixed-rate mortgage will rise by 70% by March from January this year, Bloomberg Economics estimates. The cost of a two-year fixed-rate mortgage on an average-priced ...

  Dubai / WAM Dubai has achieved outstanding results in the Local Online Service Index (LOSI) 2022 issued by the United Nations as part of its bi-annual E-Government Survey, with the city being included in the list of the world’s best-performing digital governments that received a ‘Very High’ rating. Dubai was ranked fifth globally and first in the Arab world ...

  Dubai / WAM The Ministry of Energy and Infrastructure (MoEI) announced the launch of the “UAE Maritime Network” initiative, which aims to support international maritime organisations and promote the UAE as a global maritime hub and an ideal environment for maritime investments. The initiative supports the ministry’s efforts to enhance the position of the UAE’s maritime sector globally. The ...

  Dubai / WAM Noor Dubai has resumed its humanitarian activities in Nepal by conducting an eye camp to screen and treat eye diseases, primarily Cataract. The UAE-based NGO launched the seven-day eye camp on in partnership with the Nepal Netra Joyti Sang hospital. According to the available data, Nepal was one of the first countries to conduct a nationwide ...

  NEW DELHI / WAM Hoping to learn from the UAE’s experience in jungle and desert safaris, Manohar Lal Khattar, Chief Minister of the Indian state of Haryana, is in the northern emirates on a two-day visit. He will visit Dubai Safari Park and Sharjah Safari with a team of high-level officials from Haryana’s Tourism and Wildlife Department, officials in ...