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Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, met with Manuel Tovar Rivera, the Minister of Foreign Trade and Investment of Costa Rica, to discuss strengthening collaboration between their respective regions. The parties discussed trade, food security, and the transportation of goods sector, with the aim of identifying ways to benefit ...

Bloomberg UK Chancellor of the Exchequer Jeremy Hunt has as much as £30 billion ($36 billion) for short-term giveaways in next month’s budget after the public finances came in far better than expected in January. Borrowing since the fiscal year that began in April is running £22 billion below the level forecast by the Office for Budget Responsibility in November, ...

Bloomberg Meta Platforms Inc. will begin moving its UK users away from the company’s Irish subsidiary and onto US agreements in a move the social-media giant flagged post-Brexit. The company was expected to update terms of service for UK Facebook, Instagram and WhatsApp users on Tuesday and customers will be notified in the coming weeks, Menlo Park, California-based Meta said ...

  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 ...