News

  Bloomberg The number of people searching for lodgers to stay in their spare rooms has spiked, as living costs in Britain remain stubbornly high. Homeowners advertising empty bedrooms for rent on the website SpareRoom spiked in January, hitting the highest levels since the summer of 2020 when pent-up demand was unleashed by loosening Covid restrictions. The company said that ...

  Bloomberg Holcim Ltd. Chief Executive Officer Jan Jenisch said he’s looking to continue an acquisition drive at the Swiss building material maker as he pivots away from traditional cement. Jenisch said in an interview this week that Holcim has “the strongest balance sheet ever, which opens up many opportunities for continued acquisitions and investments.” The CEO said the company ...

  Bloomberg UK employers unleashed a hiring spree at the start of 2023 even as consumer confidence about the economy stalled, two separate surveys showed. There were more than 184,000 new job advertisements in the first week of January, up by a quarter on the same period a year ago, according to the Recruitment & Employment Confederation. The market research ...

  Bloomberg BE Group, an investment firm fronted by former bankers, has made a fresh attempt at a takeover of Belgium’s biggest insurer Ageas, people familiar with the matter said. The consortium recently approached Ageas and has been trying to secure financing for a potential deal, the people said, asking not to be identified discussing confidential information. Shares in Ageas ...

  Bloomberg Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring. The cuts will affect jobs globally and across the entire company, Chief Executive Officer Sundar Pichai told employees in an email on Friday, writing that he ...

  Abu Dhabi / WAM Abu Dhabi Chemicals Derivatives Company RSC Ltd (Ta’ziz) and Proman AG (Proman), one of the world’s leading producers of methanol, signed a shareholders’ agreement to develop the UAE’s first world-scale methanol production facility at the Ta’ziz Industrial Chemicals Zone in Al Ruways Industrial City, Abu Dhabi. The facility has an anticipated annual capacity of up ...

  Abu Dhabi / WAM Shargiil Bashir, Chief Sustainability Officer at First Abu Dhabi Bank (FAB), said that the bank facilitated over AED25.7 billion ($7 billion) for sustainable projects in 2022, noting that the bank has made significant progress by financing many projects across the energy supply, buildings, transportation, waste, water, and food sectors. In statements to the Emirates News ...

  Abu Dhabi / WAM Mubadala Energy has signed a memorandum of understanding with OMV Downstream GmbH (OMV) and Pak-Arab Refinery Limited (Parco) to explore opportunities in sustainable fuels and feedstock production in Pakistan. Under this agreement, the firms will explore the possibility of pursuing projects in circular economy initiatives, including plastics production and recycling, sustainable fuels and feedstock as ...

  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) oversaw the signing of a memorandum of understanding (MoU) at Abu Dhabi Sustainability Week (ADSW), which will lay the groundwork for new plastic recycling facility in the UAE. Under the plans, a 12,000 tonnes per annum polyethylene terephthalate (PET) recycling plant has been earmarked for Abu Dhabi. ...

  Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, is ramping up flights between Abu Dhabi and Jakarta from daily to double-daily. From October 1, business and leisure travellers can look forward to 14 weekly non-stop flights between Abu Dhabi and the Indonesian capital, providing more choice, flexibility and convenience. The flights will be ...