The UAE is investing £10 billion in Britain's technology, infrastructure and energy sectors, the British government's international trade department said. "The UK Investment Authority (OfI) and Abu Dhabi investment firm Mubadala signed an agreement today in Downing Street for a significant expansion of the UAE-UK Sovereign Investment Partnership (SIP) announced in March 2021," the statement said....

International rating agency Fitch Ratings has changed its expectations for global GDP growth to 6 percent for the year from the 6.3 percent forecast in June, the agency said in its September economic outlook. "The global economic recovery is proceeding rapidly... Progress in vaccination is limiting the impact of the new rise in COVID-19 infections on economic activity in Europe and the US. But...

American households with incomes of $1 million or more a year will pay 11% more in taxes in 2023 thanks to reforms proposed by Democrats. The Joint Committee on Taxation estimates they will pay an additional $96,000, and their average tax rate is projected to rise from 30.2 percent to 37.3 percent. The Democrats' proposed tax reforms would raise the levy for households with incomes of $1 million...

Chinese police are using a new anti-fraud app to identify and vet people who have visited foreign financial news sites. The Financial Times reported this, citing people who have been summoned by Chinese authorities to testify in this regard. The app was launched in March by the National Anti-Fraud Center, part of China's Ministry of Public Security. It blocks suspicious calls and reports malware....

Henley & Partners analysts recognized London as the most attractive city for investors and businessmen. In general, H&P compared 25 cities which offer programs "Residence permits for investment" in terms of security, real estate, infrastructure and other parameters. Analysts of consulting company Henley & Partners (H&P) released the "Index of cities in the world", which analyzed 25...

Americans are expecting a record rise in inflation over the next few years, according to a survey conducted by the Federal Reserve Bank of New York. In its August report on consumer expectations, the Federal Reserve-New York reported that respondents expect inflation to be 5.2 percent in a year, compared with 4.9 percent a month earlier. They expect inflation to be 4% in three years, up from...

Under pressure from public criticism, the UK Department of Health has terminated a contract with Palantir, an American technology company that provided big data processing services to the social care service for the elderly and disabled. This is reported by Bloomberg agency. Palantir is a developer of "spy" software that is actively used by U.S. intelligence agencies and their allies, and among...

The last year’s release of the mini-series The Queen's Gambit provoked a surge of interest in chess. Such interest, says The Times, had not been seen since the 1972 world championship match between Bobby Fischer and Boris Spassky, which also sparked a wave of chess enthusiasm. The COVID-19 pandemic, which forced people to spend more time at home and find something interesting to do, contributed...

Brussels needs to begin negotiations with the Taliban, who have established power in Afghanistan. This was stated by EU High Representative for Foreign Affairs and Security Policy Josep Borrell in an interview to the French newspaper Le Journal du Dimanche. "The Taliban is now becoming an unavoidable interlocutor in negotiations for us. We should ensure our presence in Kabul and try to avoid...