News

  Bloomberg Double-digit inflation is set to return in the UK and linger through the end of this year despite the government’s effort to cap energy bills, a survey of economists shows. The findings gathered by Bloomberg also suggest the economy is now in a recession that will last until the second half of 2023 and that the Bank of ...

Bloomberg Vodafone Group Plc will roll out fiber to the home in Germany in a deal with Altice Europe NV to share a $7 billion investment in its biggest market. The 50-50 fiber venture with French billionaire Patrick Drahi’s Altice will build fiber optic lines to as many as 7 million homes in Germany, the companies said in a statement ...

  Bloomberg Canadian employment grew in September for the first time in four months, but gains remained moderate in a sign the labour market continues to be near full capacity. The country added just over 21,000 jobs last month, with small gains in both full-time and part-time work, Statistics Canada reported in Ottawa. That’s in line with the median estimate ...

  Bloomberg Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market. The layoffs will be announced as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report, said the people, who asked not to ...

  Abu Dhabi / Gulf Time The Emirati Talent Competitiveness Council (ETTC) and AD Ports group have signed an MoU to enhance the participation of UAE nationals in the private sector. As per the terms of the agreement, AD Ports will be working with Nafis to recruit 7,500 UAE nationals over the next five years, at a rate of 1,500 jobs ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, made a phone call to His Excellency Recep Tayyip ErdoÄŸan, President of the Republic of Türkiye, during which he offered his sincere condolences over the victims of the explosion that occurred in a mine in the northern state of Bartın, which resulted in the deaths and ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has marked another breakthrough by achieving the Guinness World Records title for the second time for owning and managing the Largest Single-Site Water Desalination Facility in the World with production capacity of 490 million Imperial Gallons of water per Day, which is equivalent to 2,227,587 cubic metres per day. This is ...

Bloomberg Food importers from Africa to Asia are scrambling for dollars to pay their bills as a surge in the US currency drives prices even higher for countries already facing a historic global food crisis. In Ghana, importers are warning about shortages in the run up to Christmas. Thousands of containers loaded with food recently piled up at ports in ...

  Dubai / Gulf Time Emirates’ flagship A380 made a landmark touchdown at Bengaluru’s Kempegowda International Airport, marking the first commercial flight to the South Indian city’s airport of the world’s largest passenger aircraft. The special service from Dubai to Bengaluru, operating as EK562 and greeted with a procession of follow-me vehicles, arrived ahead of the launch of scheduled A380 ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has marked another breakthrough by achieving the Guinness World Records title for the second time for owning and managing the Largest Single-Site Water Desalination Facility in the World with production capacity of 490 million Imperial Gallons of water per Day, which is equivalent to 2,227,587 cubic metres per day. This ...