News

Bloomberg European gas and power prices extended declines after a last-gasp accord between Russia and Ukraine on natural gas flows averted a winter supply crisis. The two former Soviet allies signed all agreements needed for flows to Gazprom PJSC’s main markets in the west to continue for the next five years. Steady shipments from Europe’s dominant supplier, coupled with record ...

Bloomberg The UK government will give a pay rise to the lowest earners next year, as it seeks to deliver on its election manifesto promise to raise living standards as the country leaves the European Union (EU). Chancellor of the Exchequer Sajid Javid said the minimum wage will increase by 6.2% from April 1, in line with the recommendation of ...

Bloomberg A trade deal between the US Companies are lining up debt sales to the tune of $120 billion in January, a 9% increase from last year, according to an informal survey of dealers. Several leftovers from December — such as JD.com Inc and Reinsurance Group of America Inc — could sell debt soon after markets reopen following investor meetings ...

Bloomberg US President Donald Trump said he will sign the first phase of a trade deal with China on January 15. “The ceremony will take place at the White House,” he said on his Twitter account, adding he will be going to Beijing where he said talks will begin on the second phase of the deal. I will be signing ...

Bloomberg US consumer confidence unexpectedly dropped for the fourth time in five months in December, as expectations for income and job-market conditions coutinued to edge down. The Conference Board’s gauge decreased to 126.5 from an upwardly revised 126.8 in November, according to data released on December 21 that missed the median projection in a Bloomberg survey of economists. The measure ...

Bloomberg French President Emmanuel Macron doubled down on his contested plan to transform the country’s pension system, saying in his New Year’s address that it’s a project for “justice and social progress.” The French leader’s intransigence clashes with defiant labour unions that staged a 27th straight day of strikes to protests his plans, despite calls for a truce at Christmas ...

Dubai / WAM Postal services in the UAE have spanned over a century, connecting near and far. Marking the occasion, Emirates Post has issued a series of commemorative stamps to celebrate 110 years of postal services in the country. The first postal agency opened in the Emirate of Dubai on 19th August 1909. It was initially affiliated to and managed ...

RAS AL KHAIMAH / WAM This year, Ras Al Khaimah is ready to create history with its fireworks show as part of the New Year’s Eve celebrations that will feature two record-breaking bids: the use of the most unmanned aerial vehicles launching fireworks simultaneously (190) and the spell-binding sight of the “longest firework firewall”. Preparations have entered the final stages ...

Sharjah / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of Nama Women Advancement Establishment (Nama), and wife of the Ruler of Sharjah, has taken forward the global call to action for gender equity and women’s economic empowerment with the launch of ‘Elevate’, a pioneering platform to support women in low and medium-income nations in Asia, Africa, South America, ...

Dubai / Emirates Business Emirates NBD, a leading banking group in the region, has completed the third phase of its international core banking system upgrade, as it forges ahead with its ongoing digital transformation efforts to boost innovation and efficiency across its domestic and international operations. Leveraging advanced Finacle technology, the third phase of the project sees the rollout of ...