News

Bloomberg Prime Minister Boris Johnson will set out plans for a dramatic expansion of the UK’s electric-vehicle charging network by 2030 when the government will ban the sale of new gasoline and diesel cars. The aim is to add up to 145,000 new charging points a year to the system until the end of the decade, building on the 250,000 ...

Bloomberg German inflation may spike even higher than previously forecast this month with a rate just under 6%, according to the Bundesbank. About 1 1/2 percentage points of that will reflect a temporary cut in value-added tax and very low prices for travel-related services in 2020, the Frankfurt-based central bank said in its monthly report. German inflation already hit a ...

Bloomberg The number of Canadians searching for work jumped last month, just as pandemic-related government support programs were wound down, a survey by Indeed Canada showed. The share of people actively looking for employment rose to 30% last month, up from 25% in September, according to a report by the job posting site. The increase was largely driven by unemployed ...

Bloomberg Peru’s gross domestic product expanded 11.4% from a year earlier in the third quarter, the central bank said. The country’s economy was 1.6% larger than in the same quarter of 2019, after it shrank more than 10% last year as a result of the pandemic. Economists had projected third-quarter growth of 10.8%. Peru experienced months of lockdowns last year ...

Bloomberg Ericsson has agreed to buy Vonage Holdings Corp in its biggest-ever deal, a takeover that also concludes a brief but successful activism campaign by Jana Partners. Ericsson’s $6.2 billion all-cash offer for Vonage dwarfs its 1.2 billion pound ($1.6 billion) acquisition for Telent Ltd telecom equipment assets in 2005, according to data compiled by Bloomberg. Jana Partners, which owns ...

Dubai / WAM The governments of Jordan, Israel and the United Arab Emirates on Monday signed a landmark declaration of intent to build renewable electricity and water desalination capacity and address the threat posed by climate change on energy and water security in the region. The signing, that took place at the UAE Leadership Pavilion at Dubai Expo, was witnessed ...

ABU DHABI / WAM The Federal National Council (FNC) Parliamentary Division will participate in the 143rd General Assembly of the Inter-Parliamentary Union (IPU), the 208th session of its Governing Council, and the meetings of the union’s Executive Committee and standing and specialist committees, to be hosted by the Spanish Parliament in Madrid from November 24-30. Dr Ali Rashid Al Nuaimi, ...

Abu Dhabi / WAM Adnoc Distribution has become the first fuel retailer in the Middle East to launch the next generation retail experience, a fully autonomous and contactless and cashier-less Adnoc Oasis store. The first new generation store has been opened at Adnoc’s Sheikh Khalifa Energy Complex, said a press release issued on Monday. It offers new cashless and contactless ...

ABU DHABI / Emirates Business Wizz Air Abu Dhabi, the UAE’s ultra-low-fare national airline, has announced it will offer a special 50% discount on its flights to all destinations to celebrate the UAE’s Golden Jubilee anniversary. The 50% discount flights are now on sale on wizzair.com and the airline’s mobile app (also available in Arabic). The airline is also launching ...

Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) has unveiled the Rakez mobile app, another key milestone in the economic zone’s ongoing digitisation journey that aims to boost the ease and accessibility it offers to global investors. Available on both Apple Store and Google Play, the app is packed with wide-ranging features that allow clients to submit ...