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ABU DHABI / WAM Positive macroeconomic developments during the first and the second quarters of 2019 reflected on the UAE labour market as employment in the private sector increased by 1.0 percent in Q2 to 5.1 million compared to a rise of 0.1 percent in the previous quarter, according to figures released by the Central Bank of the United Arab ...

Dubai / WAM Dubai has risen up the ranks of the Global Financial Centres Index (GFCI), to number eight position, representing its highest-ever ranking. The city is the only financial centre in the Middle East, Africa and South Asia (Measa) region to appear within the top 10 rankings, placing it alongside other pivotal financial hubs such as London, New York, ...

Abu Dhabi / WAM In a continuous effort to improve business efficiency and ensure ease of doing business, the Abu Dhabi Global Market (ADGM), Registration Authority has launched an instant licence renewal service for entities registered at ADGM. According to a press release issued by ADGM on Monday, the new instant licence renewal service will allow registered entities to efficiently ...

Bloomberg Apple Inc may only need to wait until Tuesday to get early clues about its chances of success in the biggest tax case in recent history. The iPhonemaker has been arguing its case at the European Union’s General Court to topple a record 13 billion-euro ($14.3 billion) EU tax order. This week the same panel of judges will deliver ...

Bloomberg Vonovia SE will become the largest landlord in Sweden after buying Stockholm-based apartment owner Hembla AB for about $1.3 billion. Following its 2018 purchase of Victoria Park, the deal is the German company’s second in the Swedish market and will increase its portfolio in the country to more than 38,000 apartments, overtaking Rikshem and Heimstaden, according to Vonovia. Germany’s ...

Bloomberg Google workers will listen to audio snippets of people speaking to its digital voice assistant to help improve the product’s quality — if users give the company permission to do so. Alphabet Inc’s Google paused all human review of assistant audio in July after a Dutch contractor leaked some clips to a journalist, who was then able to identify ...

Bloomberg Germany’s private sector is suffering its worst downturn in almost seven years as a manufacturing slump deepens, raising pressure on the government to add fiscal stimulus. A Purchasing Manager’s Index fell to 49.1 in September from 51.7 a month earlier, according to IHS Markit. The reading was worse than economists predicted and the lowest since October 2012. It’s also ...

Bloomberg The UK government deployed the “largest repatriation in peacetime history” to bring home more than 150,000 tourists stranded on overseas beaches and in vacation hotspots by the collapse of tour operator Thomas Cook Group. The massive airlift, using chartered jetliners, follows the collapse of the 178-year-old company after eleventh-hour fundraising talks with investors failed. The move saw all bookings, ...

Bloomberg Hong Kong’s economic situation continues to darken, with the city’s trade body now expecting exports to shrink this year to the worst levels in a decade amid the ongoing US-China trade war and slowing global economy. The Hong Kong Trade Development Council slashed its 2019 growth forecast to a 4 percent contraction, a further reduction from prior expectations of ...

Bloomberg China imported the most palm oil in more than 6 years last month after the outbreak of African swine fever hurt domestic soybean crushing and the country cut soy imports from the US as their trade conflict escalated. China bought 590,000 tons of palm oil in August, almost double last year’s amount and the highest monthly total since December ...