News

  Sharjah / WAM The launch of the Emirates Reprographic Rights Management Association (ERRA) – a first-of-its-kind association in the region – marks a watershed moment in the UAE publishing industry as it strengthens the foundations of a healthy print and publishing market where both the creation and dissemination of content are encouraged. With the launch of ERRA, the UAE ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa’s) Innovation Centre has launched the second batch of the Cleantech Youth Programme. The programme aims to attract talented young energy leaders from different sectors and expand their skills and knowledge in clean and renewable energy and entrepreneurship. The programme comprises a wide range of training workshops, specialist education sessions, and ...

Bloomberg Argentina’s new Economy Minister Sergio Massa pledged Wednesday night to stop printing money that helps fuel runaway inflation, outlining his strategy to turn around the country’s deepening crisis. Massa rolled out his economic roadmap after being sworn in by President Alberto Fernandez as the third such minister in a month. Massa’s measures also focused on boosting exports, reducing the ...

  Bloomberg Thomson Reuters Corp. journalists in the US launched a daylong strike on Thursday, first walkout in decades among the media company’s long-unionised staff. Employees began a 24-hour strike after claiming the company didn’t fairly negotiate pay increases, according to the Communications Workers of America’s NewsGuild, which represents US-based Reuters reporters, photographers and video journalists. The group said about ...

Bloomberg Searing temperatures are shriveling corn crops across Europe, in the latest sign of a deepening crisis that spans everything from Rhine River transport to Spanish olive growers. Sown in the spring, corn is under stress due to a lack of rain as the region struggles with rolling heat waves. Three-quarters of Romania, Europe’s biggest producer, is affected by drought ...

  Bloomberg German factory orders sank for a fifth month in June as rampant inflation and global supply disruptions continued to weigh on the outlook in Europe’s largest economy. Demand slipped 0.4% from May, driven by a decline in orders for investment goods, particularly from abroad. That brought annual number down 9%. Economists had predicted a drop of 0.9% on ...

  Bloomberg Toronto benchmark home prices fall for a fourth-straight month, a record-breaking streak of declines that some economists warn could become an historic downturn in Canada’s real estate market. The home-price index in Canada’s largest city declined 3.9% in July from the month earlier, bringing the total drop since April to 13.3%, according to data released on Thursday by ...

  ABU DHABI / WAM The UAE participated in the 55th Foreign Ministers Meeting of the Association of Southeast Asian Nations (Asean), which is taking place in the Kingdom of Cambodia from July 30 to August 6. As part of the meeting’s key agenda items, the UAE signed Asean’s Treaty of Amity and Cooperation in Southeast Asia (TAC). The UAE ...

  ABU DHABI / WAM The global media and entertainment services sector is seeing a growing dependence on innovation and artificial intelligence (AI). The value of the sector is estimated to grow to $2.4 trillion next year, with a compound annual growth rate (CAGR) of 3.8% since 2015, according to figures from PricewaterhouseCoopers (PwC). The PwC report expects the sector ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, awarded Jaime Alejandro Amín Hernández, Ambassador of the Republic of Colombia to the UAE, the Medal of Independence of First Order on the occasion of the end of his tenure as ambassador to the country. Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, ...