News

  Sharjah / WAM The Drivers and Vehicles Licensing Department of Sharjah Police has completed 724 transactions for the “drivers’ road driving tests” service, from their locations, during the past eight months, with the aim of enhancing the happiness of customers with the services provided, in line with the quality of life of the UAE community. Commenting on this, Lt. ...

  Dubai / WAM Within its efforts to combat counterfeiting and protect the environment and society from the hazards of counterfeit goods, Dubai Customs, represented by the Intellectual Property (IPR) Department, recycled 22,436 counterfeit items for 24 brands. The brands were from Germany, the United States (US), Italy, the United Kingdom (UK), Switzerland, France, South Korea and Japan and included ...

  Dubai / WAM The Dubai Electricity and Water Authority (Dewa) Innovation Centre, in collaboration with the Arab Youth Centre (AYC), organised a series of virtual technical training workshops on clean and renewable energy using artificial intelligence (AI) and latest technologies to enhance the efficiency and sustainability of energy. The two-day workshop was attended by 57 young men and women ...

Bloomberg Germany’s ruling coalition is planning to more than double net federal borrowing next year to help ease the impact of the energy crisis and steer Europe’s largest economy through an expected recession. The government is targeting net borrowing of €45 billion ($45 billion) in 2023, according to people familiar with the plan, who asked not to be identified discussing ...

  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 ...