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Bloomberg Bank of England Deputy Governor for Financial Stability Jon Cunliffe said risks to the UK outlook have increased and policy makers must be ready to act if needed. In a speech in London, Cunliffe said the global and domestic expansion has been weaker than he expected, pay growth will probably remain subdued and “deeper structural factors” may be at ...

Bloomberg Investors are clinging to their German government bonds, looking beyond a report on Thursday that’s predicted to confirm that euro-area inflation accelerated last month to the fastest rate since 2014. As more forward-looking measures signal the European Central Bank is struggling to meet its longer-term consumer-price objectives, the yield on benchmark German 10-year securities stayed about 0.1 percentage point ...

Bloomberg Consumer spending drove the U.K. economy to a 12th straight quarter of growth as the global slowdown took its toll on exporters and business investment slumped. Household spending rose 0.7 percent between October and December, helping to counter a second quarter of declining exports and the biggest drop in business investment in almost two years, the Office for National ...

Bloomberg The strength of Spanish consumers helped maintain momentum in the fourth quarter as an inconclusive election result led to political gridlock. Household consumption showed signs of resistance expanding 0.8 percent from the previous three months, when it grew 1.1 percent, the Madrid-based National Statistics Institute said on Thursday. Gross domestic product expanded 0.8 percent in the three months to ...

Washington / AP Americans stepped back from buying new homes in January, as purchases plunged sharply in western states where prices are typically higher. The Commerce Department said Wednesday that new-home sales fell 9.2 percent last month to a seasonally adjusted annual rate of 494,000. Most of the decline stemmed for a 32.1 drop in sales in the West. Sales ...

VANCOUVER / Bloomberg Three times a week Neil Valsangkar escapes Canada’s most expensive real estate market by paying C$100 ($73) for a 20 minute float plane ride to his Vancouver office from his home across the Salish Sea. The 50 kilometer (31 mile) aerial commute allows the father of three to live in Nanaimo, British Columbia where homes cost about ...

ALKESH SHARMA / EMIRATES BUSINESS Information technology networks in the country now have a new bug to fight. The malware which is already spreading havoc in the American and European corporate world is posing serious threats to companies in the UAE and Middle East. Industry experts have sounded an alert against ‘Locky’ — as it is named — which is capable ...

RITIKA SHARMA / Emirates Business Taxis, fashion brands and now airlines – you cannot get enough of this young nation when it comes to women. From earning global recognition for respecting women to having a higher number of female university graduates than their male counterparts, UAE has shown the world that it is more than committed to raising the status ...

Emirates Business From assembling a model of the Airbus A380, the world’s largest passenger aircraft to carry out a simulation of a launch mission to space, more than 30 female students from the UAE got an opportunity to participate at the Airbus Little Engineer workshop held alongside the Global Women’s Forum in the UAE. The workshop conducted by Airbus Middle ...

Abu Dhabi / EMIRATES BUSINESS The ultimate record-breaking roller coaster ‘Flying Aces’ launched on Wednesday at Ferrari World Abu Dhabi, delivering a unique, adrenaline-fueled experience for roller coaster lovers and thrill seekers alike. The exciting new ride was unveiled at an exclusive launch event attended by HE Mohamed Khalifa Al Mubarak, Chairman of Abu Dhabi Tourism & Culture Authority, and Mohamed ...