News

  Bloomberg German joblessness continued to fall in December before the country tightened restrictions to ward off a wave of infections sparked by the omicron variant. Unemployment in Europe’s largest economy falls by 23,000, beating economists’ forecast for a drop of 15,000. The jobless rate slid to 5.2%. “The labour market developed well towards the end of the year,” said ...

  Bloomberg The French government said it will ease access to crisis funds and could delay loan repayments for businesses struggling with a drop in activity as the surge in omicron cases hits tourism and leisure activities. “We are standing by firms and workers in difficulty,” Finance Minister Bruno Le Maire said after meeting with representatives of business groups. “This ...

  Bloomberg The surge in euro-area inflation that surprised policy makers in recent months is close to its peak, according to European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau. A report on French consumer prices in December shows the first signs of stabilisation and the ECB expects upward pressures to fade through 2022, the French central bank ...

  Bloomberg Argentina extended an export ban on seven beef cuts until the end of 2023, doubling down on its unconventional approach to taming meat prices for local consumers. The government also prohibited exporters from shipping full cattle carcasses and half carcasses, among other categories, for the next two years. Argentine beef is part of the national identity, producing mostly ...

  Bloomberg The shift to remote work for high-paying jobs will accelerate this year, according to a new report, defying city officials who are desperate to bring workers back and reinvigorate their economies. More than a quarter of all professional positions in North America, largely concentrated in the US, will be fully remote by the end of this year, up ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday launched the Great Arab Minds initiative. The initiative will be driven by and headquartered at the Museum of the Future, the Emirates’ new global scientific landmark. Great Arab Minds is the Arab world’s largest ...

  ABU DHABI / WAM Alpha Dhabi Holding (ADH) has announced the acquisition of 25.24% shareholding in Al Qudra Holding, as part of its AED8 billion strategic investment plan across various key-sectors in the UAE. Al Qudra Holding is an Abu Dhabi-based private joint stock company which has grown significantly by focusing on sustainable development in the region and creating ...

  DUBAI / WAM DP World, the world’s leading provider of smart logistics, and the Government of Senegal, have laid the first stone to mark the start of construction of the new Port of Ndayane. The stone laying ceremony follows the concession agreement signed in December 2020 between DP World and the Government of Senegal to build and operate a ...

  ABU DHABI / WAM Abu Dhabi Digital Authority (Adda), Etisalat, and Trend Micro Incorporated on Tuesday announced launch of Cyber Eye, an initiative designed to strengthen the Abu Dhabi Government entities’ cybersecurity capabilities. Cyber Eye initiative is a central part of Abu Dhabi government’s cybersecurity strategy. It will employ first of its kind technology and systems to identify cyber ...

  DUBAI / WAM Imdaad, a Dubai-based group of companies that provides integrated, sustainable Facilities Management (FM) services that enhance the operational efficiencies of physical assets, has secured a contract to provide Hard FM and Data Loss Prevention (DLP) management services to ‘The View at The Palm’, a stunning observation deck that showcases a 360-degree view of Palm Jumeirah, the ...