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  Bloomberg US productivity surged last quarter by the most in more than a year, reflecting a sharp acceleration in economic output, while labour costs growth cooled. Fourth-quarter nonfarm business employee output per hour increased at a 6.6% annual rate from the previous three months, the largest advance since the second quarter of 2020, according to Labour Department figures. In ...

  Bloomberg German factory orders increased more than anticipated in December, a bright spot for Europe’s largest economy as the pandemic threatens to tip it into another recession. Demand increased 2.8% after rising a revised 3.6% in the previous month, a stronger reading than even the highest estimate in a Bloomberg survey of 27 economists. Domestic demand was a key ...

  Bloomberg New York Times Co. set a new goal of attracting 15 million subscribers by the end of 2027, aiming to double its current customer base as it signs up more paying readers and snaps up other digital media properties. In 2019, the Times set a goal of 10 million subscriptions by 2025. Unlike that target, the new goal ...

  Bloomberg Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news. His red, teary eyes were the result of a scratched cornea, the Facebook founder said, attempting to lighten the mood as Meta Platforms Inc.’s stock price lost more than a quarter of its value. At a company-wide virtual meeting, Zuckerberg explained that ...

  ABU DHABI / WAM The UAE will celebrate the International Day of Human Fraternity on Friday, designated by the United Nations (UN) General Assembly on an initiative by the UAE, Saudi Arabia, Bahrain and Egypt to make February 4 an annual occasion to encourage solidarity and unity between peoples and promote the values of tolerance. The occasion constitutes the ...

  Dubai / WAM The Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, has added 98 new economic activities across a number of vital sectors in 2021, bringing the total number of economic activities to more than 2,200. This entails an increase of 88 percent compared to 2020, with 52 new economic activities ...

  ABU DHABI / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has partnered with Mastercard to launch the new FAB Virtual Corporate Debit card. The new offering expands the range of FAB’s Global Transaction Banking (GTB) Virtual Account e-commerce enabled product capabilities for corporate and commercial clients. ...

  Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Thursday announced that it is all set to host the 17th International Conference on Space Operations (SpaceOps 2023), one of the world’s leading and premier space events at the World Trade Centre in Dubai, UAE. The event, being held for the first time ever in the Arab world, ...

  Bloomberg Russia said it was destructive for President Joe Biden to move additional troops to Europe and station more along Nato’s eastern flank, as French President Emmanuel Macron prepares for his third call in a week with Russian President Vladimir Putin to discuss Ukraine. Putin is expected to speak to reporters Thursday after meeting with Argentinian President Alberto Fernandez, ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday received members of the Higher Committee of Human Fraternity. During the meeting, held at the Sea Palace in Abu Dhabi, His Highness Sheikh Mohamed commended the committee’s efforts in promoting the ...