Masonry Layout

  Bloomberg Sweden’s government will provide Nordic and Baltic utilities as much as 250 billion kronor ($23.2 billion) in credit guarantees as it seeks to prevent Russia’s energy curbs from setting off a financial crisis. The measure is aimed at helping companies struggling to meet the surging collateral requirements needed to trade electricity, and avoid the threat of some going ...

Bloomberg Donald Trump used a Pennsylvania rally to vent his anger at an FBI search of his Florida home and President Joe Biden’s attack on political extremism, staking his claim as his successor’s election rival in 2024. Declaring Biden an “enemy of the state,” Trump mixed support for two Republican candidates with a rejoinder to the president’s speech 48 hours ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received on Friday a written letter from Narendra Modi, Prime Minister of India, regarding strengthening the strategic relations between their countries and the prospects of developing them to serve their common interests. His Highness Sheikh Mohamed received the letter during a meeting with Dr. Subrahmanyam Jaishankar, India’s ...

  Abu Dhabi / WAM Aldar Properties on Friday announced that it is scaling up its property and integrated facilities management platform through the full acquisition of Spark Security Services, a leading UAE-based manned guarding security services provider. The all-cash AED125 million transaction further strengthens Aldar’s property and integrated facilities management platform to deliver a broader offering to customers, ranging ...

  DUBAI / WAM Sheikha Mozah bint Marwan Al Maktoum, First Lieutenant Pilot at Dubai Police, has highlighted the UAE’s journey in women’s empowerment and the country’s efforts to boost their participation across various fields. In her keynote speech at the Women in Tech LATAM Awards in Rio De Janeiro, Brazil, Sheikha Mozah also discussed women’s contribution to aviation throughout ...

  Dubai / WAM The “My Book is Your Book” initiative to collect new and used books launched by the Union Coop has achieved great success after collecting more than 2,243 books in its first phase in just one week. In detail, Dr. Suhail Al Bastaki, Director of Happiness & Marketing Department at Union Coop, said that the initiative was ...

  Bloomberg UK gas producers and electricity generators may make excess profits totalling as much as £170 billion ($199 billion) over the next two years, according to Treasury estimates that lay bare the revenue-raising potential of a windfall tax. Treasury officials will deliver the assessment to the next prime minister when they take office on September 6, according to a ...

  Bloomberg China has sent warplanes across the Taiwan Strait’s so-called median line almost daily since House Speaker Nancy Pelosi’s visit last month, shrinking a buffer zone that has helped keep the peace for decades. An average of 10 Chinese aircraft have crossed the US-drawn boundary every day since Aug. 3, when Pelosi became the first House speaker to visit ...

  Bloomberg Microsoft Corp.’s planned $69 billion purchase of Activision Blizzard Inc. will be sent for an in-depth review unless the tech giant offers remedies to address the UK watchdog’s concerns. The Competition and Markets Authority (CMA) said it was concerned about a substantial lessening of competition in the gaming consoles, multi-game subscription services and cloud gaming markets. It gave ...

  Bloomberg The Canadian economy accelerated in the second quarter as the nation benefited from surging commodity prices and got a boost from the lifting of Covid-19 lockdowns, though signs are emerging the momentum is waning. Gross domestic product rises at a 3.3% annualised rate after a 3.1% increase in the first three months of the year, Statistics Canada reported. ...