News

  Bloomberg Vietnam’s economy grew at the fastest pace in Asia in 2022, signalling momentum just before risks from a global slowdown began to materialise. Gross domestic product rose 8.02% in the year to December, according to official data reported. That was faster than the government’s initial target of 6%-6.5% growth and was aided by a quicker-than-expected 5.92% expansion in ...

Bloomberg UK Prime Minister Rishi Sunak told Britons that the problems bedeviling the country won’t disappear in 2023, a warning that prompted the Labour Party to accuse the government of wrecking the economy. In his first New Year’s address as prime minister, Sunak struck a sombre tone, acknowledging that it had been a difficult year for the country. “I am ...

Bloomberg US labour board prosecutors have concluded that Starbucks Corp illegally forced out a New York barista who has been a key architect of the union campaign that swept through hundreds of its cafes this year. The union leader, Jaz Brisack, resigned her Starbucks position in September, alleging that the company had pushed her out by changing its scheduling policies ...

  Bloomberg Twitter Inc was sued for failing to pay $136,250 in rent for its office space in San Francisco. The landlord, Columbia Reit – 650 California LLC, says it notified Twitter that it would be in default on its lease for the 30th floor of the Hartford Building in five days unless the rent was paid. The tenant failed ...

  Bloomberg The UK arm of environmental activist group Extinction Rebellion said it plans to step away from attention-grabbing tactics that have caused widespread public disruptions and instead focus on building broader support to help combat rising carbon emissions. “As we ring in the new year, we make a controversial resolution to temporarily shift away from public disruption as a ...

Bloomberg Tesla Inc shares have fallen so far, so fast that some individual investors are piling in, seeing a chance to pick up what was once Wall Street’s highest flying stock on the cheap. But would-be bargain hunters may want to take a closer look. Even after 2022’s record 65% drop, the electric-car maker’s meteoric surge during 2020 and 2021 ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) will permanently close all Seha Covid-19 centres in Abu Dhabi, Al Ain, and Al Dhafra starting from December 31, 2022. Covid-19 screenings and vaccinations are offered at Seha Healthcare centres. The positive cases are assessed at the Rahba and Al-Ain Hospitals. Meanwhile, the Department of Health – Abu Dhabi ...

  Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi (Kezad group), the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi. Under the terms of the agreement, ...

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to Narendra Modi, Prime Minister of India, over the death of his mother. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, dispatched a similar cable of condolences to ...

  Dubai / WAM A total of 2,790 real estate transactions worth AED9.6 billion were conducted during the week ending December 30, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 179 plots were sold for AED 1.39 billion, while 2,071 apartments and villas were purchased for AED 5.64 billion. The top three transactions ...