News

  Bloomberg Europe’s two largest economies kept growing in May as they benefited from a sustained rebound in services that offset fallout from Russia’s invasion of Ukraine. The loosening of Covid-19 restrictions in Germany and France supported activity in both countries while factories suffered from surging prices and strained supply chains, according to business surveys by S&P Global. “A post-lockdown ...

  Bloomberg Justin Trudeau’s government has issued a new policy that tries to make internet access less expensive in Canada by changing the rules for companies that own large communications networks. The government has asked the country’s telecommunications regulator to craft new regulations that would force major providers such as BCE Inc and Rogers Communications Inc to sell access to ...

  Bloomberg More Americans are quitting their jobs than ever in the US, and fewer are sticking around in their new positions. Among workers who took a new job in 2021, the share who had been in their previous position for less than 12 months rose by 6.5% compared with a year earlier, data compiled by LinkedIn show. This job-jumping ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced a collaboration with the American University of Sharjah’ (AUS) College of Engineering to research the economic and environmental benefits of re-using food waste to enrich manufactured soils made from bauxite residue, and further applications in waste-to-energy. The AED1.6 million three-year research project is the second phase of EGA’s ...

  Bloomberg Oil, bolstered by a broad-based market rally, rose for a second day as US crude and gasoline stockpiles showed signs of continuing decline ahead of the summer driving season. West Texas Intermediate futures rise more than 3% alongside a rebounding equity market, while the dollar falls, which makes commodities priced in the currency cheaper. Global crude markets continue ...

  Abu Dhabi / WAM The UAE strongly condemned the terrorist bombing that targeted a mosque in the Afghan capital, Kabul, which resulted in a number of deaths and injuries. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of all forms of violence ...

  Berlin / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has met with Christian Lindner, German Minister of Finance, in Berlin, during his official visit to Germany. During the meeting, HH Sheikh Abdullah and minister Linder discussed the UAE-German strategic relations and means to develop them in the financial, investment and ...

  Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change, held a series of high-level meetings with government and business leaders in India, focused on opportunities within the energy transition and industrial growth. The visit comprised bilateral meetings with senior Indian government officials, including Subrahmanyam Jaishankar, Minister ...

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has won three Global Excellence Assembly Awards 2022. These are the Excellence in Innovation Award, the Business Innovation Award, and the Outstanding Customer Service Award. Dewa is the first entity to win three awards in the same cycle based on the Baldrige Excellence Framework criteria, the highest level of recognition ...

  Abu Dhabi / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received a call from Sébastien Lecornu, French Minister of Defence. During a phone call, the two sides discussed cooperation relations between the two friendly countries, especially with regard to defence and military issues and ways to further develop them to serve the mutual interests ...