Poland to send four Soviet-era fighter jets to Kyiv in coming days

BLOOMBERG Poland will send four Soviet-era fighter jets to Ukraine in the coming days as the nation moves ahead with deliveries to bolster Kyiv’s air power, President Andrzej Duda said. “The decision has been made” and more MiG-29 models currently under maintenance are on the way, Duda told reporters in Warsaw on Thursday. The Polish government said this week that ...

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Xi touts China’s modernisation path at political parties summit

BLOOMBERG President Xi Jinping promoted China’s development approach in a speech to a gathering of political groups, highlighting his growing willingness to tout his nation’s system. “The Chinese path to modernisation is a sure path to build a stronger nation,” Xi said in video remarks to the Dialogue with World Political Parties, according to the official Xinhua News Agency. It’s ...

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Sunak’s Northern Ireland deal set for parliament vote next week

BLOOMBERG Rishi Sunak will give UK lawmakers a chance next week to vote on new post-Brexit trading arrangements for Northern Ireland, as the prime minister seeks to crystallise his agreement with the European Union (EU). Regulations to bring in the so-called Stormont Brake — the portion of the new deal giving Northern Ireland’s lawmakers a potential veto over changes to ...

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ECI sees 26% jump in value of non-oil insured turnover in ’22

ABU DHABI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, held its first Board of Directors meeting in 2023, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board at the company’s headquarters in Dubai. The meeting discussed broader alignment to the initiatives outlined under the “We in the UAE 2031” ...

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Dihad 2023 records over 12,000 visitors to support humanitarian work in Dubai

DUBAI / WAM The Dubai International Humanitarian Aid and DevelopmentConference and Exhibition (Dihad 2023) concluded its 19th edition yesterday under the theme: “Energy and Aid, Capitalising on Available Resources.” More than 828 leading local and international humanitarian NGOs, charities, aid suppliers, and many more gathered at the Dubai World Trade Centre (DWTC) for three days to discuss solutions for critical ...

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Emirates unveils new signature livery for its fleet

DUBAI / GULF TIME The distinctive livery of the world’s largest international airline, Emirates, has undergone a refresh. Sir Tim Clark, President Emirates Airline said: “Aircraft livery is the most instantly recognisable brand real estate for any airline. It’s a visual representation of our unique identity, something we wear proudly, and display in all the cities we fly to around ...

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US demands TikTok’s Chinese  owners sell stakes or face ban

BLOOMBERG The US has told the Chinese owners of the video-sharing app TikTok that they must sell their shares or risk the app being banned in the US, people familiar with the matter said. The Treasury Department is leading the discussion though the Committee on Foreign Investment in the US, or Cfius, and made the demand recently to Tiktok’s owner, ...

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UK plans ‘Green Day’ in response to Biden climate subsidies

BLOOMBERG The UK government will announce a raft of environmental policies by the end of March in response to US President Joe Biden’s massive package of green subsidies, several people familiar with the matter said. The plan has internally been titled “Green Day” and will include measures to protect jobs in British industries such as electric vehicle production, which may ...

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Stocks in India bounce back from the verge of correction

BLOOMBERG Stocks in India rebounded from the brink of a technical correction amid choppy trading as investors assessed the impact to local markets from the crisis at Credit Suisse group AG. The benchmark NSE Nifty 50 Index had slid as much as 0.7% on Thursday, taking its losses from an all-time high on December 1, 2022 to 10% before bouncing ...

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Stocks, futures steady as Credit Suisse woes ease

BLOOMBERG The turmoil on global financial markets eased on Thursday after regulators threw a lifeline to Credit Suisse Group AG, though signs of unrest persisted as volatility gauges remained elevated and overnight gains in US futures evaporated ahead of the European Central Bank’s rate decision. European stocks edged higher and Credit Suisse rallied the most in history at the open, ...

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