News

DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy fined five commercial establishments, including retail stores in various shopping centres and gargour outlets in Warsan 3, for lack of employee commitment to wearing masks. No outlet was ordered to be closed during the inspections. Field inspectors from the CCCP also warned 10 establishments for their ...

Sharjah / WAM The Expo Centre Sharjah is currently hosting the “Expo Electronics Exhibition”, the first event the centre has organised after the gradual return to normal life and the resumption of activities and events in Sharjah. This is in line with the decision of the Sharjah Executive Council to resume the organisation of exhibitions and conferences under the supervision ...

Bloomberg France’s finance chief contracted Covid-19 amid the virus surge in his country and Prime Minister Boris Johnson said the UK may need tighter restrictions, signalling Europe’s growing risk of the kind of lockdowns that crippled the economy in the second quarter. Mayor Sadiq Khan sounded the alarm for London, saying it’s “increasingly likely” that “additional measures will soon be ...

Bloomberg Britain’s labour market took a turn for the worse in July even as the economy gradually reopened, taking total job losses under the pandemic to almost 700,000 and raising pressure on the government to extend support programs. Employment falls by 102,000, the first decline since April, the Office for National Statistics said. The single-month unemployment figure reached 4.4%, the ...

Bloomberg Ireland moved to tighten restrictions in Dublin, in an effort to contain a coronavirus surge in the capital. Under the new guidelines, people are advised not to travel to or from the Dublin region. Indoor dining in restaurants is banned, and gatherings of all types heavily restricted. The restrictions will come into force from midnight for at least the ...

Bloomberg Argentina’s latest crackdown on dollar purchases exposed a split between the nation’s top policy makers as they struggle to find a way back from the deepest crash on record. Argentina’s dollar bonds extended their drop, two days after central bank chief Miguel Pesce tightened already-strict currency controls. Pesce wanted to ban savers from buying any dollars at all, while ...

Bloomberg Tropical Storm Beta formed in the Gulf of Mexico, where it could menace the south Texas coast as a hurricane next week. Beta has winds of 60 miles (95 kilometers) per hour and was about 305 miles east of the mouth of the Rio Grande, the US National Hurricane Center said in an advisory at 11 pm New York ...

Bloomberg Rush hour is back with a vengeance in Mexico City, diners have returned to restaurants in Bogota and joggers have flocked to Buenos Aires’s parks. In Sao Paulo and Rio de Janeiro, crowds have packed beaches and even the sprawling fake lawn beneath Alphabet Inc’s regional headquarters. In Latin America’s big cities, as in other places around the globe, ...

Abu Dhabi / WAM The Ministry of Finance (MoF) announced the launch of the Third Generation e-Dirham cards (e-Dirham G3), in cooperation with new government entities and national banks across the UAE. According to the ministry, these new cards facilitate the collection of state fees and revenues, make transactions more convenient, and give customers easier and safer e-payment methods when ...

Bloomberg Oil extended gains to trade near $39 a barrel in New York, buoyed by an industry report of a surprise drop in US crude stockpiles and advances in other financial markets. The American Petroleum Institute reported crude stockpiles declined by 9.52 million barrels last week, according to people familiar with the numbers. That contrasts with an increase forecast in ...