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Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), and the “Mother of the Nation”, congratulated the UAE leadership and people on the occasion of the UAE Flag Day, which is observed on November 3 ...

Dubai / WAM The Dutch Minister for Foreign Trade and Development Cooperation, Tom de Bruijn, arrived in the UAE on Tuesday, leading a 50 Dutch company representatives. The minister wants to “make new partners for solving global challenges and deepen relations with existing partners in the UAE and broader Gulf region,” a press release by the Consulate General of the ...

Bloomberg Almost half of UK companies expect to increase prices, a record high, adding to inflation concerns that will weigh on Bank of England policy makers ahead of their meeting this week. A survey by Lloyds Banking Group Plc showed 45% of businesses expect to raise prices, which will buttress market expectations that the UK central bank will deliver its ...

Bloomberg Mexico’s economy shrank in the third quarter after new legislation banning labour outsourcing hit the services industry and coronavirus cases surged. Gross domestic product declined 0.2% from the previous three-month period, compared to the median estimate in a Bloomberg survey of no growth. It’s the first contraction since the second quarter of 2020, when Mexico imposed its harshest set ...

Bloomberg Rivian Automotive Inc., the electric truck maker backed by Amazon.com Inc., is seeking to raise as much as $8.4 billion in an initial public offering that could give it a market value of as much as $53 billion. Rivian said it plans to sell 135 million shares for $57 to $62 each, according to a filing Monday with the ...

Bloomberg Italy’s manufacturing sector saw more rapid expansion last month, bucking the general weakening trend in the region as Prime Minister Mario Draghi tries to spur growth in the euro area’s third-largest economy. The Netherlands, Ireland and Greece also recorded stronger performances in surveys of purchasing managers by IHS Markit. With Germany, France and Spain lagging behind, momentum in the ...

Bloomberg Germany expects growth this year to be significantly weaker than predicted, as the lingering effects of the pandemic and a supply squeeze hinder a revival of Europe’s biggest economy. The cut in the 2021 outlook to 2.6% — compared with a prediction of 3.5% published at the end of April — reflects a scarcity in some raw materials and ...

Bloomberg The record steel rally is starting to show early signs of cooling, with one top US producer scouring for buyers to take over abandoned orders of high-end metal used by automakers. US Steel Corp is offering metal originally earmarked for automotive customers who opted not to take up their full orders, an indication that an ongoing semiconductor shortage is ...

ABU DHABI / WAM Roberto Speranza, Italian Minister of Health, and current president of the G20 Ministers of Health, has praised the UAE for its exemplary efforts in combating the coronavirus pandemic and speed in implementing one of the most effective Covid-19 responses globally, evident with one of the lowest mortality and infection rate around the world. The approach ensured ...

DUBAI / WAM In the presence of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and the Chairman of the Dubai Supreme Council of Energy, the Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, signed an agreement to acquire the district cooling systems of Dubai International ...