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Bloomberg The British Chambers of Commerce said 80% of UK businesses are feeling the effects of higher prices as well as shortages of goods and workers, a finding that adds to concerns about inflation. The lobby group said its survey of 1,000 companies showed 80% saw an increase in their prices in the past year and almost half said those ...

Bloomberg Apple Inc agreed to pay $29.9 million to employees at its stores who were forced to submit to security bag checks — off the clock — when they left work after or during their shifts. Lawyers for the workers asked a federal judge to approve settlement, which was reached after a protracted eight-year legal battle. Apple Store employees filed ...

Bloomberg Brazil’s largest independent hedge funds have grown wary of local assets after the nation moved to ease its fiscal rules, fuelling fears of a sharp increase in interest rates and a potential recession ahead. Firms including Itau Unibanco now predict Brazil’s economy will contract next year after policy makers raise the benchmark rate to over 11%, the highest since ...

Bloomberg Blackstone Infrastructure Partners bought out the controlling shareholders of Carrix Inc., one of the world’s largest marine-terminal operators. The families had been weighing a sale of their holding in the Seattle-based firm, Bloomberg reported in June. The stake was expected to fetch $2.5 billion. “The Smith/Hemingway family sold its shares to Blackstone Infrastructure Partners,” Bob Watters, a Carrix spokesman, ...

Bloomberg Inflation is soaring across the euro area, but it’s also diverging by the most in years in a further complication for the European Central Bank’s ongoing Covid-19 pandemic stimulus. How quickly consumer prices are rising depends on where you are inside the 19-member currency bloc. In Estonia, where energy costs are surging, the 2021 rate is forecast to be ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said that the capital, Abu Dhabi – being awarded the ‘Bike City’ label – is a new global recognition added to the UAE’s sporting achievements in various fields. While expressing his happiness with ...

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) reported consolidated pro-forma financial results for the period ended September 30, announcing group revenues of AED34.3 billion, 11% higher than the prior-year period, primarily due to higher commodity prices within the oil and gas segment. Taqa also announced that earnings before interest, taxes, depreciation, and amortisation (Ebitda) reached AED14.4 billion, ...

DUBAI / WAM The Emirates Group on Wednesday announced its half-year results for its 2021/2022 financial year. Group revenue was AED24.7 billion ($6.7 billion) for the first six months of this year, up 81% from AED13.7 billion ($3.7 billion) during the same period last year. This strong revenue recovery was underpinned by the easing of travel restrictions worldwide and the ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) signed on Wednesday a strategic cooperation agreement that aims to achieve synergies and greater cross border cooperation to enhance market liquidity and to promote the issuance of low-cost investment vehicles. The parties agreed on a strategic plan to implement new measures over the next nine months to ...

Abu Dhabi / WAM The Emirates Development Bank (EDB), on Wednesday announced the signing of a Memorandum of Understanding (MoU) with National Bank of Fujairah (NBF) to offer credit guarantee and co-lending for small and medium-sized enterprises (SMEs) in the UAE. The MoU with NBF is part of EDB’s commitment to boost the SME ecosystem in the UAE and increase ...