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  Bloomberg The private-sector economy in the euro area unexpectedly returned to growth at the start of 2023, offering further signs the region may avoid a recession and comforting the European Central Bank’s focus on underlying inflation risks. S&P Global’s flash Purchasing Managers’ Index rose to 50.2 in January, better than the 49.8 reading predicted in a Bloomberg survey and ...

  Bloomberg British companies signaled output dropped at the fastest pace since the start of the pandemic as the government budget deficit widened to a record, adding to evidence that the economy probably has lurched into a recession. S&P Global said its index of sentiment from purchasing managers fell more sharply than expected in January, led by a deterioration in ...

Bloomberg Chancellor Olaf Scholz’s cautious approach to sending Leopard battle tanks – or allowing other countries to export their own stocks of the German-made military vehicles – to Ukraine is confusing allies and creating splits within his own government. Three Baltic states over the weekend called on Germany as Europe’s leading power to quickly change course. An adviser to Ukrainian ...

Bloomberg The Biden administration has confronted China’s government with evidence that suggests some Chinese state-owned companies may be providing assistance for Russia’s war effort in Ukraine, as it tries to ascertain if Beijing is aware of those activities, according to people familiar with the matter. The people, who asked not to be identified discussing private deliberations, declined to detail the ...

Abu Dhabi / WAM Bayanat, a provider of AI-powered geospatial solutions, on Monday reported its preliminary financial results for 2022, reaching AED788 million in revenue, with a net profit of AED202 million for the year. Bayanat’s FY-2022 revenue reached AED788 million compared to AED367 million for the previous year, marking a substantial increase of 115%. The company also reported FY-2022 ...

Dubai / WAM Students from the UAE will take centre stage at Arab Health, the leading healthcare exhibition in the Middle East, which takes place from January 30 –February 2 at the Dubai World Trade Centre, with the launch of the inaugural Future Doctor Programme. As part of the new initiative, students from the region have developed research addressing key ...

  Dubai / WAM Emirates has taken yet another significant step in the resumption of its Australia capacity by increasing its service to two major cities – Sydney and Melbourne. The airline will also restart services to Christchurch, New Zealand via Sydney, offering a new path for Australians across the trans-Tasman route. From March 26, Melbourne will increase from two ...

  Dubai / WAM Moro Hub, a subsidiary of the digital arm of Dubai Electricity and Water Authority (Digital Dewa), organised the “Powering a Sustainable Digital Society” forum and highlighted the importance of sustainable digital transformation. The forum, held at InterContinental Dubai Festival City, focussed on the private and public sectors leveraging the latest technology and applications to deliver innovative ...

Bloomberg Germany is still years from substituting Russian pipeline gas imports with liquefied natural gas (LNG) capacities, according to estimates by the country’s Economy Ministry. Chancellor Olaf Scholz told Bloomberg last week that the country had learned its lesson from being too dependent on Russia. The goal now was to build capacity that gives Germany the chance to have as ...

  Bloomberg BHP Group struck a deal to look for copper in Serbia as the world’s biggest mining company expands efforts to find new deposits of the metal essential for the green revolution. The top miners are bullish on the outlook for copper, which is used in wind turbines, grids and electric vehicles. And with demand expected to outstrip supply, ...