Bloomberg US lawmakers are receiving urgent security instructions in advance of potential violence in Washington tied to protests as Congress meets to certify Joe Biden as the next US president. The precautions to members of the House and Senate include guidance to use underground tunnels while traveling between chambers in the Capitol and to nearby office buildings during the day. ...
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Sunak boosts grants to tide UK businesses through lockdown
Bloomberg Chancellor of the Exchequer Rishi Sunak rolled out 4.6 billion pounds ($6.2 billion) of new support to help UK businesses forced to close during the pandemic, as the country enters its third lockdown. Retail, hospitality and leisure businesses will be entitled to one-off top up grants of as much as 9,000 pounds ($12,233) to tide them over until the ...
Read More »Tesla poised for expansion after missing 2020 target
Bloomberg Tesla Inc. came close to meeting its 500,000 vehicle-deliveries goal for 2020, setting the stage for a new year in which it’s expanding in China and poised to open new factories in Texas and Germany. The electric-car maker said it handed over 180,570 vehicles in the year’s final three months, the most for any quarter but just 450 vehicles ...
Read More »German joblessness falls in December
Bloomberg German joblessness unexpectedly declined in December, though companies were heavily dependent on government subsidies to keep workers employed through the latest lockdowns. A decrease of 37,000 left the total number of unemployed people at 2.776 million and the rate unchanged at 6.1%, according to the Federal Labour Agency. Economists surveyed by Bloomberg had expected a gain of 10,000. At ...
Read More »UK freight shipping costs quadruple post Brexit, Covid-19
Bloomberg The cost of moving freight from France to the UK surged to more than four times the usual level last week after Brexit and a virulent new strain of the coronavirus complicated supply chains. The spot rate for last-minute shipments across the English Channel reached more than 6 euros per kilometer ($4.56 a mile) for a full truckload in ...
Read More »UAE committed to support joint Arab action to promote tourism
ABU DHBAI / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, has highlighted the UAE’s commitment, upon the directives of its leadership, to supporting joint action to promote tourism in Arab countries, as well as its keenness to strengthen their cooperation in establishing a sustainable roadmap for advancing Arab tourism. He said this while participating ...
Read More »China delistings threaten $144b US fundraising boom
Bloomberg For more than two decades Chinese companies have turned to the US stock market for capital and international prestige, raising at least $144 billion from some of the world’s largest investors. Now this pillar of China’s integration with the global financial system is increasingly under threat. The latest blow arrived on New Year’s Eve, when the New York Stock ...
Read More »Idex, Navdex appoint Edge Group as strategic partner
ABU DHABI / WAM The International Defence Exhibition and Conference (IDEX 2021) and the Naval Defence Exhibition (NAVDEX 2021), held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, from February 21-25 at the Abu Dhabi National Exhibition Centre, have signed an agreement with Edge Group, the Abu Dhabi based advanced technology group for defence and ...
Read More »UAE’s Fatwa council chief receives Covid-19 vaccine
ABU DHABI / WAM Shaikh Abdullah Bin Bayyah, Chairman of the UAE Fatwa Council, has received the first dose of the Covid-19 vaccine, in support of the country’s efforts to contain the spread of the virus. Bin Bayyah lauded the UAE’s exceptional efforts in its handling of the coronavirus crisis.
Read More »DMCC attracts 2,025 new firms to Dubai in 5 years
DUBAI / WAM DMCC — a Free Zone and Government of Dubai Authority on commodities trade and enterprise — has registered a record breaking 2,025 new companies in 2020, the highest number of registrations in five years. Despite an overall business environment shaped by the pandemic, the record-breaking registrations are a testament to Dubai’s continued appeal to investors and the ...
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