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Amazon, ancient tribe Khoisan face off over Cape Town office

  Bloomberg On the outskirts of Cape Town, at the base of Table Mountain and set back from a tangle of freeways, the Liesbeek and Black rivers meet in a small stretch of marshland. The 37-acre plot isn’t pristine — it lies next to a railyard and was until recently home to a golf course — but for centuries, this ...

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Russian drone attacks target Kyiv’s critical infrastructure

Bloomberg Explosions were heard on Monday in Kyiv as the city government said drones further damaged the capital’s critical infrastructure. That followed a warning by an adviser to Ukrainian President Volodymyr Zelenskiy that Russia could sharply escalate the war in a winter offensive driven by mass infantry and that Western allies needed to be prepared. UK Prime Minister Rishi Sunak ...

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UAE is continuing to achieve prosperity in various sectors

  Dubai / WAM The UAE’s leadership continues to champion gender balance as a national priority. The SDG 5 Pledge to Accelerate Gender Balance in the UAE Private Sector has a target of increasing the representation of women in leadership roles to 30 percent by 2025 to ensure their full and effective participation at the highest levels of decision making. ...

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UAE issues resolution on compliance with Emiratisation rules

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has issued the Ministerial Resolution No. 663 of 2022 regarding compliance with Emiratisation regulations in the private sector. The resolution stipulates controls for compliance with the Emiratisation systems, job advertisements, and employer obligations when hiring a UAE national, and in return, enabling the national to perform his/her work ...

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WAM, Russian media institutions discuss boosting cooperation

Moscow / WAM A delegation from the Emirates News Agency (WAM), headed by Mohammed Jalal Al Rayssi, Director-General of WAM, discussed with officials from a number of major media institutions in Russia, boosting cooperation in the fields of news exchange, media training programmes, and sharing experiences. The meeting took place on the sidelines of WAM’s participation in the “Russia – ...

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SZBA announces grants for translation of 9 books

Abu Dhabi / WAM The Sheikh Zayed Book Award (SZBA) at the Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced the translation of nine new books into five languages. As part of the SZBA’s Translation Grant, the Arabic books have been translated into English, French, Italian, ...

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Foxconn to sell stake in China chip giant amid Taiwan review

  Bloomberg A subsidiary of Taiwan’s Hon Hai Precision Industry will dispose of its indirect minority stake in China’s semiconductor giant Tsinghua Unigroup, the latest sign that Beijing’s chip industry is becoming increasingly isolated from the rest of the world. Hon Hai’s China-listed Foxconn Industrial Internet will sell the shares to Yantai Haixiu IC Investment Center for not less than ...

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China’s growth to pick up in 2023 on stimulus: CCTV

  Bloomberg China’s economic growth will accelerate in next year as stimulus policies take effect, CCTV reported, citing a senior planning official. Existing pro-growth measures will be kept in place and more policies to boost the economy will be added, Han Wenxiu, an official at the Communist Party of China’s central financial and economic affairs commission, told a forum. So ...

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TSMC CEO says export controls weaken trust among countries

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) Chief Executive Officer CC Wei warned of the dangers of excessive government export controls, which can erode mutual trust between countries. “Export controls and banning products from other foreign countries destroy productivity and efficiency gained under globalisation, or at least they reduce benefits offered by a free market,” Wei said at an industry ...

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Coal’s surge not to stop Idemitsu selling Australian mine stake

  Bloomberg Japan-based Idemitsu Kosan Co will aim to go ahead with the sale of a stake in an Australian coal mine, despite a surge in prices. The firm is in talks with several entities interested in acquiring its 85% stake in the Ensham mine in Queensland, said President Shunichi Kito, who didn’t elaborate on the parties involved or when ...

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