News

Bloomberg Spain’s government approved an 11 billion-euro ($13 billion) plan to help companies pay down debts accumulated during the pandemic, Economy Minister Nadia Calvino said. The package, which has three parts, will leave companies better poised for the economic recovery, Calvino told journalists during a televised news conference. The announcement is the latest example of how European governments are accelerating ...

Bloomberg US consumer sentiment improved in early March by more than forecast, reaching a one-year high as more vaccinations and fiscal relief boosted optimism in the economic outlook. The University of Michigan’s preliminary sentiment index jumped to 83 from 76.8 in February, data showed. The figure exceeded the median projection of 78.5 in Bloomberg’s survey of economists. “The data indicate ...

Bloomberg UK Prime Minister Boris Johnson is working on a major overhaul of one of his government’s most important climate change policies after it failed to deliver. With a budget of 2 billion pounds ($2.8 billion), the Green Homes Grant program launched in September to provide vouchers for homeowners to help pay for insulating their properties and switch to low ...

Bloomberg Apple Inc.’s stock could reach a market capitalisation of $3 trillion, analysts say, citing the development of the Apple Car as well as high expectations for the next iPhone. Citigroup Inc. and Wedbush see potential for the tech giant to hit the milestone, an increase that implies an almost 50% surge from last week’s close. With a market cap ...

Bloomberg Telefonica SA may defy expectations for an outright sale of its submarine cables and bring in investors to share ownership of the business instead. The Spanish phone company has been working with advisers to gauge interest from potential buyers. It was hoping to offload the business for about 2 billion euros ($2.4 billion), according to media reports last year. ...

Dubai / WAM The need to build a more dignified and just world brought together experts, Expo partners and international participants, alongside renowned humanitarians and a blockbuster filmmaker, at Expo 2020 Dubai’s latest virtual thematic programme, Expo Talks: Global Goals. Held in association with the United Nations on March 9-10, the event explored the innovative solutions and concrete actions needed ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday, a strategic framework agreement with Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) to explore opportunities for collaboration across the full oil and gas value chain. The first-ever agreement between both companies builds on the strong bilateral ties between the UAE and Malaysia and underscores ...

Abu Dhabi / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Nobuo Kishi, Minister of Defence of Japan, reviewed cooperation relation through a video call. The talks covered bilateral relations and joint work between the UAE and Japan, especially with regard to defence and military affairs, and means to further develop them. The Japanese minister ...

Abu Dhabi / WAM The governments of the UAE and the State of Israel have entered into formal discussions to establish a quarantine-free travel corridor between two countries. The travel corridor, which would apply to passengers who are fully vaccinated against Covid-19, will facilitate travel for commercial, tourism, and official purposes. The two sides noted discussions to establish such a ...

Dubai / WAM Within their efforts to boost the role of Dubai and the UAE e-commerce on the global stage, Dubai Customs signed an agreement with Jebel Ali Free Zone (Jafza) that enables Jafza to enjoy all the services and benefits Dubai Customs provides through its cross border e-commerce platform. The innovative platform utilises blockchain technology to integrate and automate ...