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Bloomberg The UK economy is building momentum, with real-time indicators suggesting consumers have started to splurge some of the cash they’ve saved now that the government has loosened lockdown rules. Restaurant bookings and job postings surged to the highest since the start of the coronavirus pandemic, while road traffic and the number of people traveling to workplaces grew in recent ...

Bloomberg Swiss billionaire Hansjoerg Wyss will drop out of a group that was bidding for Tribune Publishing Co., according to people familiar with the situation, dealing a setback to a $681 million takeover attempt. Wyss had teamed up with Choice Hotels International Inc. Chairman Stewart Bainum Jr. on the $18.50-a-share offer, which topped a rival bid from hedge fund Alden ...

Bloomberg US consumer sentiment improved in April following another round of fiscal stimulus and as job growth accelerated. At the same time, inflation expectations surged to the highest in nine years. The University of Michigan’s preliminary sentiment index rises to 86.5 from 84.9 in March, data showed. While the figure was softer than the 89 forecast in Bloomberg’s survey of ...

Bloomberg Canada issued new rules to bring down wireless costs, forcing large carriers including BCE Inc. and Rogers Communications Inc. resell access to their networks to smaller players. The decision by the telecommunications regulator makes it easier for regional telecommunications providers such as Quebecor Inc. and Cogeco Communications Inc. to compete on wireless plans with the sector’s three dominant companies ...

Bloomberg Sweden’s biggest online platform for property classifieds, Hemnet Group AB, is targeting a valuation of as much as $1.4 billion when it launches an initial public offering in Stockholm later this month. The IPO price range is expected to be 95 to 115 kronor per ordinary share, equating to a market value for all the listed ordinary shares of ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the ‘National Behavioural Reward Programme’ on Saturday morning at Qasr Al Watan in Abu Dhabi. The programme is one of the initiatives of the Department of Behavioural Rewards of the Ministry of Possibilities to support and ...

Dubai / WAM Dubai Customs announced the completion of five million transactions in the first quarter of this year, according to latest figures. This is equivalent to double the number of transactions in the same period in pre-pandemic 2019, and 20 percent more than Q1 2020, in which 4 million transactions were completed, according to a Dubai Customs statement on ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has signed a Memorandum of Understanding (MoU) with Ajou University, a leading research institution based in Gyeonggi-do, South Korea. The MoU will provide a framework for collaboration for research & development (R&D) and innovation in the energy fields. The MoU was signed by Mohamed Ibrahim AL Hammadi, the Chief Executive ...

Abu Dhabi / WAM The Abu Dhabi Department of Education and Knowledge (Adek) has formally inaugurated the all-new Al Karamah Training Institute (AKTI), a tailored education centre providing the Students of Determination in the emirate with an increasing level of independence and access to vocational training in eight main areas of specialisation. The institute was officially opened during a tour ...

Bloomberg President Joe Biden welcomed Japan’s Prime Minister Yoshihide Suga to the White House for conversations centred on a growing concern for both leaders: what to do about China. Suga said he and Biden agreed to pursue collaboration on climate change, Covid-19 and the global shortage of semiconductors. But China’s increasingly assertive role in the region loomed large in the ...