News

AJMAN / WAM The Ajman Department of Economic Development (Ajman DED) signed a cooperation agreement with noon.com, the region’s homegrown digital marketplace, to support the growth and success of small and medium-sized companies and entrepreneurs in the emirate, including the members of the Small and Medium Enterprises Programme “Tazeez”, the members of the “Riyada” programme for practicing economic activities at ...

Bloomberg The UK economy is building momentum, with real-time indicators suggesting consumers have started to splurge some of the cash they’ve saved now that the government has loosened lockdown rules. Restaurant bookings and job postings surged to the highest since the start of the coronavirus pandemic, while road traffic and the number of people traveling to workplaces grew in recent ...

Bloomberg Swiss billionaire Hansjoerg Wyss will drop out of a group that was bidding for Tribune Publishing Co., according to people familiar with the situation, dealing a setback to a $681 million takeover attempt. Wyss had teamed up with Choice Hotels International Inc. Chairman Stewart Bainum Jr. on the $18.50-a-share offer, which topped a rival bid from hedge fund Alden ...

Bloomberg Sweden’s government wants to spend $104 billion on building and maintaining highways and railroads over the coming 12 years as part of the Nordic nation’s plan to achieve carbon neutrality by 2045. The proposal adds 176.5 billion kronor to previous vision, making it the country’s biggest ever framework plan for such spending, Infrastructure Minister Tomas Eneroth told journalists. It ...

Bloomberg US consumer sentiment improved in April following another round of fiscal stimulus and as job growth accelerated. At the same time, inflation expectations surged to the highest in nine years. The University of Michigan’s preliminary sentiment index rises to 86.5 from 84.9 in March, data showed. While the figure was softer than the 89 forecast in Bloomberg’s survey of ...

Bloomberg Canada issued new rules to bring down wireless costs, forcing large carriers including BCE Inc. and Rogers Communications Inc. resell access to their networks to smaller players. The decision by the telecommunications regulator makes it easier for regional telecommunications providers such as Quebecor Inc. and Cogeco Communications Inc. to compete on wireless plans with the sector’s three dominant companies ...

Bloomberg Sweden’s biggest online platform for property classifieds, Hemnet Group AB, is targeting a valuation of as much as $1.4 billion when it launches an initial public offering in Stockholm later this month. The IPO price range is expected to be 95 to 115 kronor per ordinary share, equating to a market value for all the listed ordinary shares of ...

Bloomberg Oil posted the biggest weekly gain since early March as economic data in the US and China strengthened expectations for a recovery in global fuel demand. Futures in New York advanced 6.4% this week, despite eking out a small loss last week. On the heels of robust economic figures out of the US, data from China showed its gross ...

DUBAi / WAM Dubai Customs announced the completion of five million transactions in the first quarter of this year, according to latest figures. This is equivalent to the double number of transactions in the same period in pre-pandemic 2019, and 20% more than Q1 2020, in which 4 million transactions were completed, according to a Dubai Customs statement on Saturday. ...

DUBAI / WAM The Dubai Health Authority (DHA) announced that as part of the expansion of the eligibility criteria for Covid-19 vaccination, women who are breastfeeding as well as those who are planning to conceive can take the mRNA vaccine (Pfizer-BioNTech). Furthermore, patients who had Covid-19 no longer need to wait for three months to get the vaccine. They can ...