BLOOMBERG President Vladimir Putin told a regional security grouping that Russians were united behind his leadership in his first international appearance since the failed mutiny that posed the greatest threat to his almost quarter-century rule. Putin also thanked leaders of the Shanghai Cooperation Organization “who have expressed support for the actions of the Russian leadership to protect the constitutional order,†...
Read More »French riots may cost $1.1b as president meets mayors
BLOOMBERG President Emmanuel Macron was expected to meet with more than 200 mayors to assess the riots that have rocked France as a massive police deployment led to a continued drop in the level of unrest overnight. French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, at more ...
Read More »Australia, Indonesia unveil visa, climate pacts as leaders meet
BLOOMBERG Longer business visas and millions of dollars in green investment aimed at bolstering economic ties capped the first visit to Australia by Indonesia’s President Joko Widodo in three years. Prime Minister Anthony Albanese and the Indonesian leader known as Jokowi discussed boosting cooperation on critical minerals, green manufacturing and security partnerships during their meeting in Sydney on Tuesday. At ...
Read More »Nato chief extends tenure as Kyiv forces advance
BLOOMBERG Nato extended Secretary General Jens Stoltenberg’s by a year as the military alliance confronts Russia’s invasion, while Ukraine pressed forward with its counteroffensive in the country’s east. “In a more dangerous world, our great alliance is more important than ever,†Stoltenberg, whose extension was the third in the Norwegian’s tenure as the North Atlantic Treaty Organization’s chief, said in ...
Read More »CATL-backed Chinese firm seeks funds at $831m value
BLOOMBERG An energy storage startup backed by Contemporary Amperex Technology Co Ltd is considering a round of fundraising that would value it at as much as 6 billion yuan ($831 million) to fuel further growth amid the global clean-power transition, according to people familiar with the matter. Contemporary Nebula Technology Energy (CNTE) is in talks with financial and strategic investors ...
Read More »Tesla’s June deliveries in China soar 20% as global sales hit record
BLOOMBERG Tesla Inc’s deliveries from China in June increased almost 20% from a year earlier, after repeated price cuts contributed to the company’s record-setting second-quarter sales. The US electric-vehicle maker led by Elon Musk shipped a total of 93,680 cars from its factory in Shanghai in June, preliminary data from China’s Passenger Car Association (PCA) showed. That compares with 78,906 ...
Read More »Stock rally pauses in thin trading amid US holiday
BLOOMBERG The rally in global shares paused in quiet trading as US markets were shut for a holiday. Europe’s benchmark Stoxx 600 edged higher on trading volume that was a quarter lower than the 30-day average. Real estate shares climbed, while J Sainsbury Plc fell as the UK grocer’s unchanged pretax profit forecast underwhelmed analysts. In Asia, Japan’s Nikkei 225 ...
Read More »South Africa to require crypto exchanges licensing by year-end
BLOOMBERG South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator. The Financial Sector Conduct Authority (FSCA) has received about 20 applications since opening for licenses a few weeks ago, with more expected before the deadline of November 30, FSCA Commissioner Unathi Kamlana said in ...
Read More »Under the directives of UAE President, nation’s cabinet establishes UAE Ministry of Investment
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court; HH Sheikh Maktoum bin ...
Read More »Adnoc Gas awards $1.34bn in contracts for new gas pipeline
ABU DHABI / WAM Adnoc Gas plc on Monday announced the award of $1.34 billion in contracts to Petrofac Emirates LLC and the Consortium between National Petroleum Construction Co PJSC and CAT International Ltd for the expansion of its natural gas pipeline network. Under the sales gas pipeline network enhancement (ESTIDAMA) programme, the new pipeline will extend Adnoc Gas’ existing ...
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