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China fires ballistic missiles near Taiwan in biggest test in decades

Bloomberg China fired its largest missile tests in Taiwan’s waters in decades, the day after US House Speaker Nancy Pelosi defied Beijing by visiting the self-ruled island it claims as its own. The People’s Liberation Army fired 11 Dongfeng ballistic missiles into waters north, east and south of Taiwan between 13:56 p.m. and 16:00 p.m. local time Thursday, the island’s ...

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Argentina vows end of money printing to battle 60% inflation

Bloomberg Argentina’s new Economy Minister Sergio Massa pledged Wednesday night to stop printing money that helps fuel runaway inflation, outlining his strategy to turn around the country’s deepening crisis. Massa rolled out his economic roadmap after being sworn in by President Alberto Fernandez as the third such minister in a month. Massa’s measures also focused on boosting exports, reducing the ...

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ADX market data goes live on TradingView platform

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has signed a new data-sharing partnership with TradingView, a US-based leading financial information portal, to help attract a new generation of global traders and investors to the exchange. As part of the agreement, ADX market data is now live on TradingView’s platform and accessible by a large base of ...

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Adnec opens registration for Idex, Navdex 2023

  Abu Dhabi / WAM Abu Dhabi National Exhibition Company (Adnec) has announced opening the e-registration for the 16th edition of the International Defence Exhibition and Conference (Idex 2023), and the 7th edition of the Naval Defence Exhibition and Conference (Navdex 2023), taking place on February 20-24, 2023. Organised by Adnec at Abu Dhabi National Exhibition Centre – in collaboration ...

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UAE launches ‘dynamics of circularity series’

DUBAI / WAM The Ministry of Climate Change and Environment (MOCCAE) has kickstarted the Dynamics of Circularity Series, a periodic stakeholder assembly aimed at sharing knowledge, building capacities, and exploring opportunities to implement circular economy practices in priority sectors. As part of the series, the ministry organised a workshop dedicated to the F&B sector in partnership with UAE Food & ...

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Pelosi vows US won’t abandon Taiwan in face of China threats

Bloomberg House Speaker Nancy Pelosi pledged that the US wouldn’t abandon Taiwan, reaffirming American support for the democratically elected government in Taipei despite threats of fresh trade curbs and military actions by Beijing. Pelosi made her comments on Wednesday during a Presidential Office ceremony with Taiwanese leader Tsai Ing-wen. The California Democrat’s arrival in Taiwan late Tuesday made her the ...

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Maersk sees record $31 billion profit as shipping rates surge

Bloomberg AP Moller Maersk A/S raised its profit forecast for this second time this year after congestion on trade lanes boosted global freight rates, creating an “exceptional market” for transport companies. Maersk, which controls about one-sixth of the world’s container trade, and its peers have benefited from supply-line disruptions as a shortage of shipping capacity has enabled them to charge ...

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UAE continues to lead as top tourism destination globally

  ABU DHABI / WAM The United Arab Emirates (UAE) is continuing to maintain its regional and international leadership as a distinguished travel destination and a preferred country for living and working. Due to the directives of its leadership, the country witnessed progress in terms of outcomes and indicators, which confirmed its recovery from the Covid-19 pandemic. The country has strengthened ...

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Dubai continues march as world’s Web3 capital

  Dubai / WAM The launch of Dubai’s Metaverse Strategy by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, positions the city as a global pioneer offering the world’s most advanced and connected ecosystem where the metaverse community can thrive in a dynamic and enabling environment. The move consolidates ...

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ADU gets highest accolade accreditation from WASC

  Abu Dhabi / WAM Abu Dhabi University (ADU) has received the highest accolade accreditation, a ten-year full reaccreditation without reservation, from The American Western Association of Schools and Colleges (WASC), a world-renowned accrediting association and one of the six regional accrediting agencies in the US. This singular clean bill-of-health comes after many months of scrutiny of ADU by a ...

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