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Bloomberg Walt Disney Co. shares rose as much as 7% in early trading after Chief Executive Officer Bob Iger announced plans for a dramatic restructuring of the world’s largest entertainment company, including 7,000 job cuts and $5.5 billion in cost savings. The reductions include plans to cut $3 billion from its budget for movies and TV shows and the rest ...

  Bloomberg German inflation slowed in January to the lowest level in five months thanks to further government aid to ease the burden on households from soaring energy costs. Consumer-price growth eased to 9.2% from 9.6% in December, Germany’s statistics agency said Thursday. Destatis had postponed the data’s scheduled release last week due to processing problems. That delay forced Eurostat ...

  Bloomberg Applications for US unemployment benefits rose for the first time in six weeks but remained historically low, underscoring the resilience of the job market despite mounting economic uncertainty. Initial unemployment claims rose by 13,000 to 196,000 in the week ended Feb. 4, Labor Department data showed Thursday. The median forecast in a Bloomberg survey of economists called for ...

  Bloomberg AstraZeneca Plc said it chose Ireland for a new manufacturing facility instead of the UK because of punitive tax rates, raising fresh fears over Britain’s attractiveness to Big Pharma. The drugmaker initially wanted to make the $360 million investment in the UK, but “the tax rate was discouraging,” Chief Executive Officer Pascal Soriot said in a briefing with ...

  Bloomberg UK property surveyors said the housing market settled further into hibernation in January as buyer inquiries, agreed sales and new instructions to sell all fell again. The lackluster activity, driven by higher interest rates and the tightest cost-of-living squeeze in generations, translated into a further drop in prices at the start of the year, the Royal Institution of ...

  Sharjah / Gulf Time The Environment and Protected Areas Authority (EPAA) in Sharjah hosted its 3rd day of the Sharjah International Conservation Forum for Arabia’s Biodiversity workshops on the use of genetic data to resolve taxonomic considerations and an Introduction to animal biobanking. The event brought together a number of experts from across the region to discuss the latest ...

  Dubai / Gulf Time Internationally renowned for its comprehensive clinical and research activities, Moorfields Eye Hospital Dubai is undergoing continuous development to deliver a wide range of paediatric and adult eye care services across the UAE and the Middle East. Moorfields Eye Hospital Dubai is the first overseas branch of Moorfields London. It aims to be one of the ...

An extra flavour just got added to the already euphoric atmosphere of the Metaverse. The Metaverse is about to go lit with a beautiful infusion of ancient cultures, superfluous costumes, radiant rainbows of bright colours, and the classic intrigue of a romantic gothic masquerade ball as it prepares to host the first-ever Venice carnival. This magnificent event themed; A Dark ...

  ABU DHABI / WAM More Emirati humanitarian organisations have joined the ‘Bridges of Goodness’ campaign launched by the Emirates Red Crescent (ERC), to provide relief to those affected by earthquakes in Syria and Turkiye. The campaign will begin by collecting aid on Saturday from 9:00 to 14:00 at the Abu Dhabi National Exhibition Centre (Adnec), the Dubai Exhibition Centre ...

  Abu Dhabi / WAM Abu Dhabi Airports, the operator of the emirate’s five airports, on Thursday released its passenger traffic results for 2022. From January 1 to December 31, 2022, 15.9 million guests used Abu Dhabi International, Al Ain International, Al Bateen Executive, Delma Island and Sir Bani Yas Island Airports – tripling the 5.26 million achieved in 2021. ...