News

  Bloomberg The UK Treasury is exploring a significant increase in the bonds it sells to retail investors, a move that analysts say may draw in as much as £70 billion ($85.8 billion) for financing deficits in the coming years. The move would help Chancellor of the Exchequer Jeremy Hunt raise money at a time of economic turmoil and alleviate ...

Bloomberg Emmanuel Macron’s government may offer another concession on plans to raise France’s retirement age from 62 to 64, seeking to secure a parliamentary majority amid a massive public backlash. The government is considering another carve-out so more people can retire before they turn 64, Macron’s Prime Minister Elisabeth Borne said in an interview with the JDD newspaper on Sunday. ...

  Bloomberg Joe Biden’s clean technology law has dragged the European Union into a subsidy fight that may trigger a transatlantic trade war, just as the allies are joining forces against Russia’s invasion of Ukraine. The EU has always defended the global rules-based order, even as the US has grown increasingly hostile toward the constraints it adopted as a member ...

  Bloomberg Life sciences company Danaher Corp. has expressed takeover interest in contract manufacturer Catalent Inc., according to people familiar with the matter. The overtures by Danaher in recent months valued Catalent at a significant premium, the people said, asking not to be identified because the matter is private. It’s unclear how Catalent will proceed or whether it’s receptive to ...

  Bloomberg British billionaire Mike Ashley is in advanced talks to buy two UK shopping malls valued at a combined £100 million, The Times newspaper reported. Ashley’s Frasers Group Plc is lining up bids for The Mall in Luton — a town just north of London — and the Overgate Shopping Centre in Dundee, Scotland. The deals would value the ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Mohammed Shiaa’ Al Sudani, Prime Minister of Iraq, discussed on Friday, in a telephone conversation, the relations, various aspects of cooperation and joint work between the two countries, and ways of developing them to achieve their common interests. President His Highness Sheikh Mohamed and the ...

  Dubai / WAM The Dubai Health Authority (DHA) on Friday signed a memorandum of understanding with Trends Research and Advisory (Trends) during Arab Health 2023, to collaborate on several research projects, studies and polls relating to the health sector in the emirate. The MoU was signed by Fatima Abbas, CEO of Strategy & Corporate Development Sector at the DHA ...

Mexico City / WAM The Ministry of Foreign Affairs and International Cooperation has coordinated a high-level economic delegation visit to Mexico. The economic delegation, which was headed by Ahmed Ali Al Sayegh, Minister of State, explored investments and commercial opportunities to enhance cooperation between the UAE and Mexico in the fields of food security, technology, infrastructure, and industrial development. The ...

  Dubai / WAM A total of 2,157 real estate transactions worth over AED9 billion were conducted during the week ending February 3, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 237 plots were sold for AED1.56 billion, with an additional 1,920 apartment and villa sales recorded totalling AED5.77 billion. Ranking first in ...

  Dubai / WAM Drydocks World, a DP World company, and Aker Solutions have formed a joint venture (JV) to upgrade a Floating Production Storage and Offloading (FPSO) vessel for the Rosebank oil and gas field in the UK. The new joint venture combines the complementary strengths, resources, and experience of Drydocks World’s leading marine and offshore services with Aker ...