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Dubai Courts, Moro Hub to boost collaboration in cyber security

Dubai / WAM Dubai Courts signed a memorandum of understanding with Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority, to enhance their collaboration in digital transformation and cybersecurity. Leveraging on Moro’s capabilities in the digital security field, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat ...

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Sharjah Ruler announces additional monthly grant for 1,000 retired Emiratis

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, announced the provision of additional monthly grants as a gift to Sharjah citizens who have retired from federal entities and other institutions within the Emirates, to be deposited in their bank accounts beginning in January 2023, to ensure a decent ...

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Solar price war may help spur China’s renewable energy push

  Bloomberg Solar equipment makers are in a fierce competition to cut wafer prices, providing some relief for China’s efforts to install a massive amount of renewable power and reach ambitious climate targets. Falling solar material prices have driven down costs along the supply chain in recent weeks, with silicon wafers seeing the largest discount. Top player Longi Green Energy ...

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Hong Kong group warns long road ahead after Covid shift

  Bloomberg One of Hong Kong’s top foreign business groups warned the city still faces challenges in trying to revive its reputation as a global financial hub, even after it ditched almost all of its Covid curbs. In a sweeping overhaul of policies, residents and travellers alike will find their lives a bit easier. People coming into the city won’t ...

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Fosun lets China users register for Covid vaccine in Hong Kong

Bloomberg BioNTech SE’s Chinese partner has started allowing mainland Chinese to register for its mRNA Covid-19 vaccine in Hong Kong ahead of a border reopening early next month that may spark a wave of visitors to the financial hub. Shanghai Fosun Pharmaceutical Group Co is letting people register for the shot through its app and online, with the company asking ...

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South Korea barely mentions China in new Indo-Pacific strategy

  Bloomberg South Korea put out its first strategy report for the Indo-Pacific region, which hardly mentions China and signals Seoul is seeking a cautious balance between its biggest trade partner Beijing and main military ally, the US. The 43-page document titled the “Strategy for a Free, Peaceful, and Prosperous Indo-Pacific Region,” issued a single paragraph about relations with China. ...

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Putin, Xi hail ties as Russia struggles with war in Ukraine

Bloomberg Vladimir Putin and Chinese President Xi Jinping hailed deepening ties between their countries in talks, despite signs of Beijing’s impatience over the wider political and economic impact of Russia’s struggling invasion of Ukraine. Russia-China ties are the “best in history” and their strategic partnership is a “stabilising factor” amid rising geopolitical tensions, the Russian president said in the video ...

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Sunak’s tax rises to worsen UK’s cost of living squeeze

Bloomberg Britain’s cost-of-living squeeze will tighten in 2023, with families shouldering higher tax payments at a time when energy bills and interest rates also are soaring. The Resolution Foundation said the average household will pay £1,000 ($1,204) more in taxes next year and £900 more for electricity and natural gas. About 2 million mortgage holders will suffer an average increase ...

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EU urges tighter Covid surveillance amid concern over China spreading

  Bloomberg The European Commission has asked EU member states to review Covid testing and sequencing procedures and to consider scaling them back up amid increased concern about the virus spreading from China. “If a new variant of the SARS-CoV2 virus appears — be it in China or in the EU — we must detect it early in order to ...

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Tesla poised for another delivery record despite demand concerns

Bloomberg Tesla Inc is expected to announce record quarterly deliveries in early January but that may not be enough to satisfy investors as the electric-vehicle leader grapples with inflation, rising interest rates, crimped production in China and concerns about softening demand. In an effort to clear inventory, Tesla offered a rare $7,500 discount to US customers who took delivery of ...

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