News

  Bloomberg After years of playing second fiddle to the US, European assets are now charging ahead and leaving Wall Street in the dust. Euro-area equity markets are up 38% since the end of September in US dollar terms, and enjoying their best start to a new year ever. Meanwhile, the region’s investment-grade credit is ahead of its US peers ...

  Bloomberg Poland expects to obtain a first tranche of European Union aid in the second half of this year, Premier Mateusz Morawiecki said on Saturday. A bill that promises to give the government access to €35.4 billion ($38.3 billion) in post-pandemic funding cleared its first hurdle on Friday after the ruling party secured a majority in parliament to push ...

  Bloomberg UK Transport Secretary Mark Harper has given rail companies permission to make a new offer to unions this week in a bid to ending strikes. A “revised mandate” had been given to rail companies to go into negotiations in the coming days and it’s important to give the two sides space “to try and reach a conclusion,” Harper ...

Bloomberg High inflation, rising interest rates and increased economic uncertainty may be telegraphing a further slowdown in US new household formation during the closing months of 2022. A slowdown in home sales due to high mortgage rates, coupled with the latest figures from RealPage Market Analytics that show a sharp decline in apartment demand — the first since 2009 — ...

  Bloomberg China’s imports of integrated circuits declined in 2022 for the first time in almost two decades. Imports of ICs fell 15% last year to 538.4 billion units from 635.6 billion units in 2021, according to data from General Administration of Customs released Friday. That’s the first annual drop since at least 2004 when Bloomberg started tracking the data. ...

Bloomberg Germany wants to force its power-hungry data centers to harness excess heat for warming residential homes — an effort which the industry warns is likely to fall flat. The country has become one of the largest global hubs for data centers thanks to its clear data protection and security laws. Politicians are now trying to re-purpose some of their ...

  Dubai / WAM The Rashid Rover has successfully completed one month in space, travelling close to 1.34 million kilometers, the Mohammed Bin Rashid Space Centre (MBRSC) announced. The first Arab-built lunar rover designed and built in the UAE by a 100 percent Emirati team of engineers, experts, and researchers, lifted off on December 11, 2022 from Cape Canaveral Space ...

  Bloomberg Oil headed for a weekly gain, rebounding from a weak start to the year, on China’s improving demand outlook and cooling US inflation. West Texas Intermediate was steady near $79 a barrel, after advancing more than 6% this week. The Brent benchmark is poised for its strongest week since October. China is ramping up purchases of crude after ...

Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has participated via teleconferencing in the Voice of Global South Summit, which is being hosted by India as part of its Presidency of the Group of Twenty (G20), and the UAE being invited to participate as a guest country in the upcoming ...

Abu Dhabi / WAM The UAE and the Islamic Republic of Pakistan affirmed their keenness to intensify consultations and coordination in order to strengthen their strategic partnership, with a view to developing tangible and meaningful bilateral cooperation in key areas. This came in a joint statement which the two countries issued on the occasion of the visit of Prime Minister ...