News

  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, ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has signed a new data-sharing partnership with TradingView, a US-based leading financial information portal, to help attract a new generation of global traders and investors to the exchange. As part of the agreement, ADX market data is now live on TradingView’s platform and accessible by a large base of ...

  AJMAN / WAM The Department of Economic Development in Ajman (Ajman DED) has announced the results of the business movement for the first half of the current year, 2022. The number of new economic licenses increased to 2,637, with a growth of 16%, compared to 2,271 licenses in the first half of 2021. The increase reflects the continuity of ...

  ABU DHABI / WAM Etihad Airways has firmed up its order with Airbus for seven new generation A350F freighters, following its earlier commitment announced at the Singapore Airshow. The freighters will upgrade Etihad’s freight capacity by deploying the most efficient cargo aircraft available in the market. This order of the A350F sees the national carrier of the UAE expanding ...