News

Bloomberg The number of workers on UK company payrolls climbed above its pre-pandemic level as vacancies hit a record high with firms battling staff shortages created by Brexit and lockdowns. The figures from Office for National Statistics (ONS) included a 35% surge in job openings in the quarter to 1.03 million, the first time they’ve risen above 1 million. That ...

Bloomberg The European Union (EU) met strong investor demand on its return to the bond market on Tuesday with a seven-year debt sale. The nation wracked up more than 85 billion euros ($100 billion) of orders for a 9 billion-euro offering of bonds maturing in 2028 via banks, with pricing set at 14 basis points below swaps. Analysts had expected ...

Bloomberg Prices paid by US consumers rose in August by less than forecast, snapping a string of outsized gains and suggesting that some of the upward pressure on inflation is beginning to wane. The consumer price index increased 0.3% from July, the smallest advance in seven months, according to Labour Department data released on Tuesday. Compared with a year ago, ...

Bloomberg Intuit Inc, the maker of TurboTax and QuickBooks software, agreed to buy privately held email marketing firm Mailchimp for $12 billion in cash and stock, uniting two providers of services for small businesses. The deal will bolster Intuit’s offerings for businesses looking for ways to reach and serve customers online. Intuit has offered QuickBooks accounting software to clients for ...

Bloomberg Hungary plans to offer a range of dollar and euro bonds to shore up its budget as it’s facing a potential delay in accessing European Union (EU) funds because of a feud with the bloc over democratic values. The country may sell 10-year and 30-year bonds in dollars, as well as seven-year and/or 20-year bonds in euros, according to ...

ABU DHABI / Agencies The Abu Dhabi National Oil Company (Adnoc) on Monday announced that it has set the offer price per share for the initial public offering of Adnoc Drilling Company at AED2.30, implying an equity value of $10 billion. The offer price was determined by Adnoc, as the selling shareholder, and Adnoc Drilling, following investor engagement that saw ...

ABU DHABI / WAM AD Ports Group has announced that more than 2.2 million square metres of its Industrial Cities and Free Zone Cluster have been leased during H1 of 2021 to local, regional, and international businesses, an indication that demand for industrial land continues to accelerate despite the impact of the Covid-19 pandemic on businesses. AD Ports Group’s Industrial ...

ABU DHABI / WAM The UAE has pledged to carry out direct humanitarian projects in Afghanistan worth AED 184 million ($50 million). This came during the participation of Ahmed Ali Al Sayegh, Minister of State, in the Ministerial Meeting in Support of the Humanitarian Situation in Afghanistan, chaired by UN Secretary-General Antonio Guterres. In his remarks, Al Sayegh underscored the ...

ABU DHABI / WAM Khalifa Fund for Enterprise Development has officially launched its ‘Level Up’ project, helping entrepreneurs, SMEs and startups, seize new opportunities that will stabilise, strengthen and scale up their business. The programme will focus on elevating priority sectors in Abu Dhabi, by accelerating the development of home-grown ventures, creating sector jobs and driving forward UAE’s transition to ...

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received Park Jae-min, Korea’s Vice Minister for National Defence, and the accompanying delegation, who are currently visiting the UAE. The meeting was also attended by Matar Salim Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, and a number of its senior officers and officials. ...