News

  Bloomberg Hiring at US companies rose in October by more than forecast, mainly reflecting a surge in leisure and hospitality and underscoring resilient labor demand despite the Federal Reserve’s efforts to cool the economy. Private payrolls rise 239,000 last month after a revised 192,000 gain in September, according to data from ADP Research Institute in collaboration with Stanford Digital ...

Bloomberg Twitter Inc. suspended the $8 subscription program it launched earlier this week to combat a growing problem of users impersonating major brands, a person familiar with the move said. Existing subscribers will still have access to their account, said the person who asked not to be identified because the information is private. The move was reported earlier by the ...

  Bloomberg The UK’s new financial plan will seek to make any recession as short as possible, Chancellor Jeremy Hunt said. “I want to make sure that this recession, if we are in one, is as short and shallow as possible,” Hunt said in an interview on Sky News. The UK economy shrinks in the third quarter for the first ...

  Bloomberg Swiss workers face the largest loss in real wages since 1942, with the country likely to dodge a wage-price spiral due to low salary increases, according to a UBS survey. Employers lifted pay by an average 1.1% this year and intend raise them by 2.2% in 2023, 290 surveyed companies told UBS. Taking inflation into account, this translates ...

  Bloomberg A multimonth slide in Toronto home prices slowed in October, as sellers stepped back in hope the market will improve if they wait. The benchmark price for a home in Canada’s largest city fell 1.1% in October to C$1.1 million ($802,217) according to data released Thursday by the Toronto Regional Real Estate Board. That’s the smallest decline in ...

Abu Dhabi / WAM Adnoc Distribution on Friday reported that its Ebitda rises by 26% year-on-year to AED2.86 billion, and net profit up by 39% year-on-year to AED2.33 billion for the first nine months of 2022. For the third quarter, Ebitda rose by 18% year-on-year to AED868 million, while net profit increased by 45% year-on-year to AED767 million. With the ...

  HANOI / WAM Vietnam needs 147 trillion VND (over $5.91 billion) to upgrade seaports over the next two years, with an amount of 251 trillion VND by 2030. The figures were announced at a conference hosted by the Ministry of Transport (MoT). In his keynote speech, Deputy Minister of Transport Nguyen Xuan Sang said that after 20 years of ...

Abu Dhabi / WAM Aldar Properties has become the first real estate industry entity to join the Clean Energy Business Council (Cebc) as a partner member and will work closely with the organisation to enhance energy efficiency in the region. The Cebc is a non-profit member association that is working to accelerate the transition towards clean energy in the Mena ...

  Abu Dhabi / WAM Africa could capture as much as 10 percent of the global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as $120 billion to the continent’s gross domestic product (GDP), according to a landmark report issued jointly by Masdar and its Abu Dhabi Sustainability Week (ADSW) platform on the ...

  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) has signed a memorandum of understanding (MoU) with Burjeel Holdings to provide high-quality healthcare services to the ministry’s employees and their families. Through the MoU, both entities have agreed to consolidate the areas of cooperation that exist between them. According to the MoU, the group will issue ...