News

  DUBAI / WAM The UAE affirmed that developing new strategies to upskill workers and enhancing business environments for employers are necessary to prepare for the digital future of work. This came during a speech by Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation and head of the UAE delegation, at the 48th Arab Labour Conference, held from ...

  SHARJAH / WAM Under the patronage of the wife of His Highness the Ruler of Sharjah, Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of the Supreme Council for Family Affairs (SCFO) in Sharjah, the activities of the seventh edition of the UAE Women Writers Forum, organised by the Cultural and Media Office of SCFO, will be launched next Monday ...

ABU DHABI / WAM Abu Dhabi Public Health Centre (ADPHC) has collaborated with the Ministry of Health and Prevention, Department of Community Development, Abu Dhabi Sports Council and the fitness app STEPPI to launch an interactive challenge that aims to encourage individuals to collectively walk one billion steps. The challenge has to be completed by the end of the 9th ...

Bloomberg Liz Truss’s new UK government delivered the most sweeping tax cuts since 1972, slashing levies on rich households and companies in a bid to boost economic growth in a move that triggered a massive market selloff of the currency and bonds. Chancellor of the Exchequer Kwasi Kwarteng announced a series of tax cuts and regulatory reforms that will cost ...

Bloomberg Germany is stepping up preparations for a gas emergency that would require rationing for the country’s biggest companies this winter as Russia’s squeezes flows to Europe. In a sign of growing urgency, the regulator will next Wednesday present to lawmakers a digital security platform to identify the “non-protected” consumers that will bear the brunt of rationing. That includes Germany’s ...

  Bloomberg President Joe Biden’s administration has slashed its target for Covid-19 vaccine donations abroad this year, amending a contract with Pfizer Inc. in the latest sign that world demand for the shots has collapsed. Under the revised deal, a total of 600 million Pfizer doses will be made available to the US by the end of the year, giving ...

  Bloomberg Salesforce Inc. Co-Chief Executive Officer Marc Benioff said the company will continue to make acquisitions, while focusing more immediately on integrating companies it already bought. “We’ve bought 60 companies — we’ll always buy companies,” Benioff said in an interview with Bloomberg Television from the software giant’s annual Dreamforce conference. Meanwhile, Salesforce is still integrating employees of recently acquired ...

  Bloomberg FedEx Corp. declined after the new CEO’s plan to cut costs and raise shipping rates fell flat with Wall Street, leaving investors concerned about deep challenges including slowing demand and elevated expenses. The courier said it will cut flights, defer projects and close offices as it seeks as much as $2.7 billion in savings this fiscal year. The ...

  ABU DHABI / WAM Worldwide employment in renewable energy reached 12.7 million last year, a jump of 700,000 new jobs in one year, despite the lingering effects of Covid-19 and the growing energy crisis, according to the “Renewable Energy and Jobs: Annual Review 2022” report. The report identifies domestic market size as a major factor influencing employment generation in ...

  DUBAI / WAM Salik Company, Dubai’s exclusive toll gate operator, on Thursday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM). The company confirms the previously announced upsized offering size of 1,867,500,000 ordinary shares (“Offer Shares”), equivalent to 24.9% of total issued share capital, along ...