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Bloomberg Euro-zone companies have returned to broad-based growth for only the second time since the pandemic started, with factories booming and confidence high that vaccinations will soon end the coronavirus crisis. Germany, Italy, Spain and Ireland all saw business activity rise last month and France halted its contraction, according to IHS Markit’s latest survey of purchasing managers. Those nations, the ...

Bloomberg US job openings rise to a two-year high in February, led by gains in some of the industries hardest hit during the pandemic and indicating employers are poised to ramp up hiring in the coming months. The number of available positions increased to 7.37 million during the month from an upwardly revised 7.1 million in January, the Labour Department’s ...

Bloomberg An impasse between Brazil’s economic team and congress over this year’s budget will likely end up with President Jair Bolsonaro accepting only part of his economy chief’s austerity pleas as lawmakers push to ramp up spending ahead of next year’s elections. Bolsonaro has agreed to reject part of the budget proposal to make room for mandatory spending that was ...

Bloomberg Poland will probably keep borrowing costs at a record low, judging that threats to the economy from tighter Covid-19 restrictions outweigh a spike in inflation and a weaker national currency. Despite surging price growth prompting nearby Russia and Ukraine to hike interest rates, all economists surveyed by Bloomberg predict the central bank in Warsaw will leave its benchmark at ...

Bloomberg UK Prime Minister Boris Johnson sought to reassure the public that summer holidays are still a possibility, a day after warning that the government may not meet a May 17 goal to reopen its borders. While many popular holiday destinations are struggling with surges in Covid-19 cases, this doesn’t mean the government has given up on next month’s target, ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) announced on Tuesday that the Unit 1 of Barakah Nuclear Energy Plant has started commercial operations. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, applauded this achievement, describing it as a significant milestone in the UAE’s long-term ...

DUBAI / WAM National Bonds, the UAE Sharia-compliant savings and investment company, owned by the Investment Corporation of Dubai, achieved outstanding growth in its Investments in 2020. According to numbers released by the company, National Bonds’ Investments increased by 13 percent in 2020 to reach AED8.8 billion, up from AED 7.8 billion in 2019. The increase in investments wasn’t National ...

ABU DHABI / WAM Mohammed Thani Al Rumaithi, Chairman of the Federation of the UAE Chambers and the Abu Dhabi Chamber of Commerce and Industry, has received Nova Iriansyah, Governor of Aceh Province, Indonesia, and the accompanying delegation at the Chamber’s tower in Abu Dhabi. Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, and his Deputy Abdullah Ghurair ...

DUBAI / WAM The Dubai Financial Market (DFM) on Tuesday announced that it is planning to launch new equity futures contracts on individual stocks of three leading listed companies including; Aramex, Air Arabia and Emirates Integrated Telecommunications Company (DU), on April 18 2021, in line with strategy to diversify investment opportunities. Similar to the inaugural equity futures contracts launched on ...

DUBAI / WAM The Ministry of Industry and Advanced Technology has signed a Memorandum of Understanding (MoU) with the Emirates Development Bank (EDB) to advance sustainable growth. The MoU aims at promoting sustainable growth in sectors vital to the national economy via offering financial solutions and banking services on terms that ensure sustainable growth for all stakeholders, in addition to ...