News

  WASHINGTON DC / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, concluded a two-day visit to Florida, which focused on expanding the bilateral UAE-US trade and commercial relationship. His trip to the “Sunshine State” builds on recent economic development missions to the UAE by local South Florida officials. Dr Al Zeyoudi met Broward County ...

  ABU DHABI / WAM Abu Dhabi Waste Management Centre (Tadweer) has announced a comprehensive work plan for Eid Al-Adha to manage the expected increase in the volume of waste during the holiday. Dr Salem Khalfan Al Kaabi, Tadweer Director-General, said, “The centre is constantly working to improve the services that it provides to the community of Abu Dhabi, which ...

  Abu Dhabi / WAM Etihad Airways and Abu Dhabi International Airport have geared up resources and are ready to welcome 2.7 million network passengers over the summer months, following a surge in demand for global travel. Over 1.4 million passengers will depart from Abu Dhabi International Airport, including 330,000 local joiners, with more than 1,100 weekly network-wide departures. Mohammad ...

  Dubai / Gulf Time M FIT Interior decoration, a business vertical of the Malabar group, opened its new office in Al Fajer Complex, Zabeel Furniture Mall in Oud Metha, Dubai. The firm, operating in UAE and India, has been in the business for over a decade and is a well-recognised establishment for the interior Fit-out projects providing turnkey solutions ...

  Bloomberg The US merchandise-trade deficit narrowed in May to its smallest this year as exports rose to a record, suggesting a tailwind for economic growth in the second quarter. The shortfall shrank 2.2% to $104.3 billion last month, Commerce Department data showed. The figures, which aren’t adjusted for inflation, compared with a median estimate for a gap of $104.8 ...

  Bloomberg Britain’s 2022 university graduates will compete for jobs with salaries 7% higher than their equivalents last year, although each one will still have to fight off 35 other applicants to secure the role. Advertised graduate salaries have risen to a six-year high of £26,076 ($32,000) this summer, research from the job search site Adzuna showed. The number of ...

  Bloomberg Tesla Inc laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, according to people familiar with the matter. Most of the roughly 200 people let go were hourly workers, the people said late Tuesday, a surprise given that Tesla previously disclosed headcount reductions targeted at salaried positions. As recently as ...

  Bloomberg Spanish inflation unexpectedly surged to a record, defying government efforts to rein it in and signalling intensifying price pressure as the European Central Bank (ECB) gears up to raise interest rates for the first time in more than a decade. The surprise 10% reading for June dashes hopes that inflation in the euro zone’s fourth-biggest economy had peaked ...

  Bloomberg Novartis AG will cut as many as 8,000 jobs under a plan to save at least $1 billion by 2024 and boost the pharmaceutical giant’s performance. The Swiss company detailed the cuts, equal to more than 7% of its global workforce after outlining the restructuring in April. Among other things, Novartis plans to generate savings by combining its ...

  Abu Dhabi / WAM A new partnership was announced on Tuesday between Strata Manufacturing, a UAE-based Digital Factory pioneer, Hyperganic, an AI-based engineering platform company with offices in Germany and Singapore, and German industrial 3D printing company EOS to build the world’s most energy-efficient residential air conditioner (A/C) system. The partnership is a result of the Ministry of Industry ...