News

  Bloomberg French Prime Minister Elisabeth Borne is leaving open the possibility of a new tax on corporate “super profits” after lawmakers rejected the move last month. In an interview published in Le Parisien newspaper, Borne said she’d prefer alternatives to a windfall levy, such as companies lowering prices for consumers and giving bonuses to employees to bolster their spending ...

  Bloomberg Confidence in Germany’s business outlook fell in August as soaring inflation and fears about a possible recession in Europe’s largest economy has intensified. The Ifo Institute’s gauge of business expectations for the next six months inched down to 80.3 from 80.4 in July, though economists had predicted a steeper decline. Current conditions were also assessed more negatively. Still, ...

  Bloomberg Scotland’s public spending deficit shrank after revenue from the North Sea oil industry jumped to the highest in eight years and helped offset the fallout from the pandemic. The shortfall dropped to 23.7 billion pounds ($28 billion), or 12.3% of gross domestic product, in the 2021-22 financial year, according to the Government Expenditure and Revenue Scotland report. That ...

  Bloomberg Tesla Inc will start charging $15,000 for the driver-assistance system it calls Full Self-Driving, raising the price of the controversial product for the second time this year. The hike for customers in North America will take effect from September 5, Chief Executive Officer Elon Musk tweeted. The current $12,000 price will be honoured for orders made before that ...

  Bloomberg Oil struggled to find direction as traders digested comments made by Federal Reserve Chair Jerome Powell suggesting interest rates will rise, which carries the potential of slowing demand for crude. West Texas Intermediate fluctuated near $92 a barrel. The Federal Reserve Chair signaled the US central bank is likely to keep raising interest rates and leave them elevated ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, sent a cable of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia on the death of Princess Abeer bint Abdullah bin Abdulaziz bin Saud bin Jalawi Al Saud. His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

  Abu Dhabi / WAM The UAE capital is preparing to launch the 19th Edition of the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) from the September 26 to October 2. This year, Adihex is witnessing a remarkable development and an increase in the number of Emirati, Arab and international participations, which exceeded the expectations, as the percentage of ...

  Dubai / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, shared its digital transformation best practices during a virtual meeting joined by 22 representatives from Dubai Electricity and Water Authority (Dewa) and the Knowledge and Human Development Authority in Dubai (KHDA). During the meeting, attendees discussed collaboration opportunities and various e-services designed to ...

  Abu Dhabi / WAM The UAE financial markets on Friday posted gains of around AED8.3 billion in market cap driven by upbeat sentiments at the realty, banking and telecom sectors and cash inflows by institutions and individuals alike. Realty and banking blue chips accounted for the lion’s share of transactions that amounted to more than 14,700 worth around AED1.67 ...

  Abu Dhabi / Gulf Time Abu Dhabi Maritime announced it has licensed more than 1,000 jet skis via its Musaffah-based Licensing and Inspection Centre for Jet Skis since its transition from Abu Dhabi Police to Abu Dhabi Maritime in December 2021. Promoting easy access to licensing services, the Abu Dhabi Maritime Administration website and dedicated portal, with the support ...