News

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 ...

VIENNA / WAM The Opec Fund for International Development has announced the signing of a $50 million term loan agreement with ACWA Power to support the construction and operation of a 1.5 gigawatt (GW) combined cycle gas-turbine power plant in Sirdarya, Uzbekistan. The new plant, located near the border with Tajikistan, will replace an ageing, less efficient thermal power facility, ...

Bloomberg Boeing Co. has found potential electrical flaws in two additional areas of the 737 Max’s cockpit, a week after a similar manufacturing defect prompted a temporary flying halt for recently delivered jetliners, said people familiar with the matter. The planemaker has inspected the Max’s flight deck for other electrical faults near the flaw revealed last week with the plane’s ...

Sharjah / WAM The Sharjah Chamber of Commerce & Industry discussed ways to boost the economic ties and strategic partnerships with the Republic of Belarus in a way that serves the interests of business communities in the two countries. This came during a meeting held at the SCCI headquarters between Abdallah Sultan Al Owais, Chairman of the SCCI, and Evgeny ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the ‘National Behavioural Reward Programme’ on Saturday morning at Qasr Al Watan in Abu Dhabi. The programme is one of the initiatives of the Department of Behavioural Rewards of the Ministry of Possibilities to support and ...