News

Bloomberg UK Prime Minister Boris Johnson’s plan to reform health and social care by handing 34 billion pounds ($47 billion) to the National Health Service (NHS) faces resistance from the Treasury, the Sunday Times has reported. Johnson’s cash boost is designed to kick-start a period of policy reforms, including a plan to cap the amount that people have to pay ...

Bloomberg Spain is sticking to its strategy of raising the minimum wage to tackle the growing wealth gap in the country amid the fastest acceleration in inflation in nearly a decade, Economy Minister Nadia Calvino said. “It’s an important instrument to reduce inequality, which has risen in our country in the past years,” Calvino, who also serves as deputy prime ...

Bloomberg Italian Finance Minister Daniele Franco said the country’s economy will expand at least 5.8% this year amid the pandemic recovery, which may allow the government to improve deficit and debt targets. “We are seeing a significant economic recovery,” Franco said at the Ambrosetti Forum in Cernobbio, northern Italy. The new forecast compares with a 4.5% projection announced in April ...

Bloomberg Elections often drive big swings in the foreign-exchange market, with the risk of radical change this year pushing down the Peruvian sol and the Chilean peso. Not so for Canada. There has been little-to-no premium priced into the Canadian dollar — relative to the greenback — due to the last five federal elections, Bipan Rai, the head of foreign-exchange ...

Bloomberg Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount. State producer Saudi Aramco is rolling back pricing on all of its grades to its biggest market in Asia. Three successive months of increases in the company’s official selling prices had left refiners smarting as the coronavirus pandemic plays havoc with ...

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, received on Sunday a phone call from Prime Minister of Pakistan, Imran Khan. During the conversation, His Highness Sheikh Mohamed bin Zayed and Khan discussed ways to enhance bilateral relations in various fields in ...

BRASILIA / WAM Saleh Ahmed Al Suwaidi, UAE Ambassador to Brazil, has discussed with Carlos Moura, President of the Brazilian Space Agency, the privileged bilateral relations between the two friendly countries in the field of space, as well as the participation of the Brazilian space sector in Expo 2020 Dubai. During the meeting, the UAE ambassador valued Brazilian efforts in ...

ABU DHABI / WAM Yousef Mana’a Saeed Al Otaiba, the UAE ambassador to the United States of America, has stressed that Expo 2020 Dubai reflects the UAE’s endeavour to build a more optimistic, peaceful and prosperous future for the whole world. The UAE ambassador added that, during this prominent international event held under the theme ”Connecting Minds, Creating the Future”, the ...

Abu Dhabi / WAM Wizz Air Abu Dhabi, the newest national airline of the UAE, is all set to continue enabling exciting travel opportunities for international travellers looking to explore the UAE capital without having to quarantine. The Abu Dhabi Emergency, Crisis and Disasters Committee has approved removing the need to quarantine for all vaccinated travellers arriving into Abu Dhabi ...

Abu Dhabi / WAM UAE ministers have announced the first set of bold strategic projects aimed at fostering the UAE’s new phase of growth – both domestically and internationally – and embarking on an ambitious growth strategy as the nation celebrates its golden jubilee and embarks on the 50 years to come. The “Projects of the 50” is a series ...