Bloomberg Prices charged for goods and services in the euro area jumped by a record amount in February as an easing of pandemic restrictions led to an unexpectedly strong rebound in economic activity. Both manufacturers and service providers saw output improve, according to purchasing managers indexes compiled by IHS Markit. Rising demand and a gradual easing of supply bottlenecks ...

  Bloomberg The prospect of Federal Reserve policy tightening and signs of thinner bond market liquidity are denting the case for Treasuries as a reliable haven just as amped up geopolitical tensions around Ukraine have investors on alert for potential refuge assets. That’s spurring some to look more closely at currency markets in particular for alternative ways to protect themselves ...

  Bloomberg US equity futures rise and Asian stocks pared losses on Monday as traders evaluated the possibility of a summit on Ukraine between President Joe Biden and his Russian counterpart Vladimir Putin. Nasdaq 100, S&P 500 and European contracts erased falls to climb about 1%, while an Asia-Pacific equity index came off its lows but stayed in the red. ...

ABU DHABI / WAM The United Arab Emirates has expressed its sincere condolences and solidarity with Brazil over the victims of floods and landslides that have hit the Brazilian state of Rio de Janeiro, killing scores of people, leaving tens of injured and missing, and triggering widespread damage. In a statement, the Ministry of Foreign Affairs and International Cooperation expressed ...

  Bloomberg India has received proposals worth $20.5 billion from five companies to manufacture semiconductor fabs and display fabs locally, according to a government statement. Companies including Vedanta in joint venture with Foxconn, Singapore-based IGSS Ventures pte, and ISMC have proposed $13.6 billion investments for manufacturing the chips, which are used in a wide array of products ranging from 5G ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the fifth edition of the Unmanned Systems Conference 2022 that accompanies Umex & SimTex exhibitions 2022 kicked off on Sunday at Abu Dhabi under the theme is “Unmanned, Unbound: Realising ...

  Abu Dhabi / WAM The Khalifa Empowerment Programme (Aqdar), a part of the UAE Ministry of Interior, has partnered with Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in the region, and Blue Forest, a leading UAE-based reforestation service provider, on a major employee-based mangrove restoration initiative in the UAE. Entitled “Tree for 50,” ...

  DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) announced that the number of riders using public transport, shared transport, and taxis in Dubai, which include the metro, tram, public buses, marine transport means (abras, ferry, water taxi, water bus), e-hail vehicles and taxis (Dubai Taxi and franchise companies) in 2021 amounted to about 461 million riders. The number ...

  Sharjah / WAM The Hamriyah Free Zone Authority (HFZA) has emphasised the importance of innovation in the business sector as a critical driving force for economic growth and productivity improvement, and transformation towards a knowledge economy, in addition to its role in tackling the challenges facing the private sector. The authority also pointed to the value-add of innovation to ...

  Abu Dhabi / WAM The Khalifa Empowerment Programme (Aqdar), a part of the UAE Ministry of Interior, has partnered with Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in the region, and Blue Forest, a leading UAE-based reforestation service provider, on a major employee-based mangrove restoration initiative in the UAE. Entitled “Tree for 50,” ...