News

  Bloomberg The euro area’s two largest economies saw private-sector growth return, snapping months of contractions as easing supply shocks and an unusually mild winter provide respite. S&P Global’s flash Purchasing Managers’ Index for Germany rose to 51.1 in February — much better than the 50.3 median estimate in a Bloomberg survey and the first time since June that the ...

Bloomberg Microsoft Corp. headed into a showdown with European Union antitrust watchdogs by insisting its $69 billion takeover of Activision Blizzard Inc. will “bring more competition” for gamers but pledging to show willingness to address antitrust concerns. “I think we’ll make clear that our acquisition of Activision Blizzard will bring more games to more people on more devices and platforms ...

  Bloomberg Europe’s biggest economies beat expectations as business activity returned to growth, boosting the chances they can stave off recessions. Gauges of private output in Germany and France both signaled expansion in February after pullbacks in January, while the UK’s purchasing managers’ index showed the first positive reading in six months — jumping to 53 from 48.5. In the ...

Bloomberg It’s never been this cheap to buy a Tesla. After a hopscotch of price cuts over the past month, Tesla’s Model 3 sedan now sells for $4,930 less than the average new vehicle sold in the US. That’s the cheapest price Tesla has ever had relative to the typical US vehicle, according to a new Bloomberg analysis. It’s a ...

  Dubai The Le Fonti Awards held on Thursday night at The Palace in Downtown Dubai at an international ceremony attended by prominent business leaders from around the globe. The annual awards seek to honor the highest levels of business excellence and are acclaimed across the industry as a true mark of quality. At the ceremony, Multibank Group was honored ...

  Abu Dhabi / Gulf Time After its recent phase launch earlier this week, Reem Hills, developed by Q Properties, announces that all available homes in the newly launched phase of the new AED8 billion gated community on Abu Dhabi’s Al Reem Island have been sold out. The phase includes five clusters of luxury residential units, ranging from spacious 3-bedroom ...

LATAKIA / WAM The Emirates Red Crescent (ERC) is continuing its distribution of humanitarian aid to those affected by the earthquake in Syria. The Emirati philanthropic organisation has intensified its relief efforts to reduce the humanitarian impact of the disaster on the lives of the local population and to alleviate their suffering under extremely difficult conditions, as part of Operation ...

  Abu Dhabi / WAM HH Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, on Monday inaugurated the 7th Naval Defence and Maritime Security Exhibition (Navdex) at the Abu Dhabi National Exhibition Centre, coinciding with the16th edition of the International Defence Exhibition and Conference (Idex). During his visit, HH Sheikh Hamed toured several national and foreign ...

Abu Dhabi / WAM The “Business Activity Report” for the year 2022, issued by the Abu Dhabi Business Centre, part of the Abu Dhabi Department of Economic Development (Added), has reported growth of major indicators, reflecting resilience and vitality of the business sector despite challenges in the global economy. The report also showed a high level of adherence to regulations ...

  Dubai / WAM Emirates Airlines has announced plans to build a state-of-the-art training facility in Dubai to cater to its upcoming Airbus A350 and Boeing 777X aircraft. The new 63,318 sq. ft. facility will house six Full Flight Simulator Bays (FFS) and is expected to open in March 2024. HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief ...