Bloomberg The number of Canadians searching for work jumped last month, just as pandemic-related government support programs were wound down, a survey by Indeed Canada showed. The share of people actively looking for employment rose to 30% last month, up from 25% in September, according to a report by the job posting site. The increase was largely driven by unemployed ...

Bloomberg Peru’s gross domestic product expanded 11.4% from a year earlier in the third quarter, the central bank said. The country’s economy was 1.6% larger than in the same quarter of 2019, after it shrank more than 10% last year as a result of the pandemic. Economists had projected third-quarter growth of 10.8%. Peru experienced months of lockdowns last year ...

Bloomberg Ericsson has agreed to buy Vonage Holdings Corp in its biggest-ever deal, a takeover that also concludes a brief but successful activism campaign by Jana Partners. Ericsson’s $6.2 billion all-cash offer for Vonage dwarfs its 1.2 billion pound ($1.6 billion) acquisition for Telent Ltd telecom equipment assets in 2005, according to data compiled by Bloomberg. Jana Partners, which owns ...

Bloomberg BlackRock Inc is trimming its investments in Indian equities and becoming more optimistic on China on attractive valuations amid expectations that policy hurdles will ease next year. “Valuations are the key right now,” Belinda Boa, head of active investments for Asia Pacific at the world’s biggest asset manager, said at a briefing. “Because of the outperformance we’ve seen in ...

Bloomberg US index futures and European stocks fall as investors weighed the prospects of a quicker withdrawal of monetary stimulus and the economic impact of renewed lockdowns. December contracts on the S&P 500 Index falls 0.4% after the underlying gauge posted a last-hour decline. A rout in technology shares that spurred those losses echoed in a 0.6% drop in Nasdaq ...

Bloomberg Apple Inc shares closed at a record high, with the iPhone maker bucking broad-based weakness in the tech sector to rise for a seventh straight session. The stock rises as much as 3.2% but pared much of that advance in afternoon trading, ending with a gain of 0.3%. The company’s seven-day rally represents its longest streak of positive sessions ...

Dubai / WAM The governments of Jordan, Israel and the United Arab Emirates on Monday signed a landmark declaration of intent to build renewable electricity and water desalination capacity and address the threat posed by climate change on energy and water security in the region. The signing, that took place at the UAE Leadership Pavilion at Dubai Expo, was witnessed ...

ABU DHABI / WAM The Federal National Council (FNC) Parliamentary Division will participate in the 143rd General Assembly of the Inter-Parliamentary Union (IPU), the 208th session of its Governing Council, and the meetings of the union’s Executive Committee and standing and specialist committees, to be hosted by the Spanish Parliament in Madrid from November 24-30. Dr Ali Rashid Al Nuaimi, ...

Abu Dhabi / WAM Adnoc Distribution has become the first fuel retailer in the Middle East to launch the next generation retail experience, a fully autonomous and contactless and cashier-less Adnoc Oasis store. The first new generation store has been opened at Adnoc’s Sheikh Khalifa Energy Complex, said a press release issued on Monday. It offers new cashless and contactless ...

ABU DHABI / Emirates Business Wizz Air Abu Dhabi, the UAE’s ultra-low-fare national airline, has announced it will offer a special 50% discount on its flights to all destinations to celebrate the UAE’s Golden Jubilee anniversary. The 50% discount flights are now on sale on wizzair.com and the airline’s mobile app (also available in Arabic). The airline is also launching ...