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Bloomberg UK businesses were suffering even before the latest lockdown, leaving many in a precarious position as they enter new restrictions with what many say is insufficient government support, a survey showed. The findings from the British Chambers of Commerce in November add to pressure on Chancellor of the Exchequer Rishi Sunak to extend aid to companies beyond the $12,000 ...

ABU DHABI / WAM “Gulf Cooperation Council (GCC) countries share the same destiny,” this is a phrase followed by the UAE in words and actions from the first GCC summit held on Monday, May 25, 1981, to the 41st GCC Summit held in Al Ula, Saudi Arabia. The UAE still believes that GCC countries share the same destiny, as the ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, on Tuesday announced that its Al Taweelah alumina refinery, the first in the UAE, has delivered sustained monthly production at or above nameplate capacity each month for the past three months. The milestone marks the completion of a world-class ramp-up of ...

Abu Dhabi / WAM Etihad Airways announced the launch of its New Year’s sale – get two tickets for the price of one. Fares from Abu Dhabi to Istanbul start from just AED1,790, Dublin from AED3,830 and Toronto from AED5,790. The sale extends across all of Etihad’s cabins, with return Business fares starting from AED8,750 out of Abu Dhabi to ...

Sharjah / WAM Irthi Contemporary Crafts Council, an affiliate of the Nama Women Advancement Establishment, has broadened the global appeal of the UAE’s timeless, indigenous craft traditions through collaborations with entities at the forefront of the international design and cultural landscape. Teaming up with Dezeen, an influential architecture and design magazine and digital platform, Irthi showcased a selection of its ...

Bloomberg US lawmakers are receiving urgent security instructions in advance of potential violence in Washington tied to protests as Congress meets to certify Joe Biden as the next US president. The precautions to members of the House and Senate include guidance to use underground tunnels while traveling between chambers in the Capitol and to nearby office buildings during the day. ...

Bloomberg Chancellor of the Exchequer Rishi Sunak rolled out 4.6 billion pounds ($6.2 billion) of new support to help UK businesses forced to close during the pandemic, as the country enters its third lockdown. Retail, hospitality and leisure businesses will be entitled to one-off top up grants of as much as 9,000 pounds ($12,233) to tide them over until the ...

Bloomberg Not since the lead-up to the 2008 financial crisis has Denmark’s housing market faced a similar gap between supply and demand, according to the home finance unit of Nordea Bank Abp. The number of residential properties for sale has plunged to its lowest in over a decade, Nordea Kredit estimates, citing new figures compiled by the website boligsiden.dk. The ...

Bloomberg Tesla Inc. came close to meeting its 500,000 vehicle-deliveries goal for 2020, setting the stage for a new year in which it’s expanding in China and poised to open new factories in Texas and Germany. The electric-car maker said it handed over 180,570 vehicles in the year’s final three months, the most for any quarter but just 450 vehicles ...

Bloomberg German joblessness unexpectedly declined in December, though companies were heavily dependent on government subsidies to keep workers employed through the latest lockdowns. A decrease of 37,000 left the total number of unemployed people at 2.776 million and the rate unchanged at 6.1%, according to the Federal Labour Agency. Economists surveyed by Bloomberg had expected a gain of 10,000. At ...