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DUBAI / Emirates Business Emirates announced it will resume four weekly services to Mexico City (MEX) via Barcelona (BCN) from July 2, re-opening connectivity and boosting trade and tourism while providing customers worldwide with more connectivity, convenience and choice. The BCN-MEX route will be operated with a two-class Emirates Boeing 777-200LR which offers 38 Business Class seats in a 2-2-2 ...

Bloomberg UK economic activity accelerated at the fastest pace in seven years this month, providing more signs of a strong rebound as the government began allowing stores and restaurants to reopen. A survey of purchasing managers rise in April to its highest level since 2013, and retail sales in March grew the most in nine months. Both indicators beat economist’s ...

Bloomberg Intel Corp., the biggest chipmaker, falls the most in three months after reporting a drop in data center revenue and a steep decline in gross profit margin, a sign it’s losing market share to rivals and customers who are designing their own components. The PC business performed better on continued demand for laptops that run Intel processors. But the ...

Bloomberg Prime Minister Mario Draghi is seeking to restart Italy’s economy through a plan based on about $241 billion of European Union (EU) funding, with most of the cash allocated to digitalisation and transitioning to green technologies, according to a draft seen by Bloomberg. The windfall from the EU grants and loans will boost gross domestic product (GDP) by at ...

Bloomberg AT&T Inc is seeking buyers for Rooster Teeth Productions LLC, a piece of its WarnerMedia division, as part of an ongoing winnowing of noncore assets by the phone giant, according to people familiar with the matter. The pandemic has complicated efforts to sell the business, said the people, who asked not to be identified because the matter is private. ...

Bloomberg Brazil President Jair Bolsonaro enacted a budget that will likely keep growing in size this year, as the government faces competing demands to spend more during the pandemic and to fund lawmakers’ projects in their home states. Bolsonaro vetoed almost 20 billion reais ($3.7 billion) in expenses, including 12 billion reais that had been set aside for lawmakers’ projects ...

Abu Dhabi / WAM Zakat Fund has signed a strategic Memorundum of Understanding (MoU) with the Ministry of Foreign Affairs and International Cooperation (MoFAIC), to improve services rendered to UAE nationals overseas. The agreement, signed by Abdullah bin Aqeedah Al Muhairi, Secretary-General of the Zakat Fund, and Khalid Abdullah Belhoul, Undersecretary of MoFAIC, embodies the directives of the UAE visionary ...

DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals refinery and storage facility across the GCC and the first to be completely enabled by blockchain in the GCC. As part ...

Dubai / WAM The Dubai Gold & Commodities Exchange (DGCX) announced the launch of its Pakistani Rupee (PKR) Futures Contract and is now available for trading. As the first-of-its-kind on any regulated exchange in the world, the contract will provide members and their clients with the ability to hedge exposure to the Pakistani Rupee. It will also provide trading opportunities ...

Bloomberg Oil falls amid concern that a resurgent virus will hurt demand in some economies, while industry data showed a slight build in US inventories. West Texas Intermediate retreated 1.1%, extending Tuesday’s decline. The renewed spread of Covid-19 in countries such as India is casting a pall over the global economic rebound, even as signs of an improvement in energy ...