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  Bloomberg UK inflation unexpectedly accelerated for a fourth straight month in January, a surprise that highlights a brutal cost-of-living crisis that’s only set to worsen this year. Annual price growth rises to 5.5 percent, a new 30-year high, driven by clothing and footwear, the Office for National Statistics said on Wednesday. Both economists and the Bank of England had ...

  Bloomberg Trade between Ireland and Northern Ireland surged during 2021 following the UKs formal departure from the European Union. Imports from Northern Ireland to the Irish Republic jumped 65% compared to a year earlier, while exports from the Republic to Northern Ireland rise 54%, Ireland’s Central Statistics Office said. Meanwhile, imports to Ireland from the rest of the UK ...

  Bloomberg Colombia’s economy blew away forecasts as it grew at the fastest pace in more than a century last year, driven by a rebound in consumer demand after pandemic curbs were eased, and soaring prices for the nation’s oil, coal and coffee. Gross domestic product (GDP) expanded 10.6% in 2021, the nation’s statistics agency said Tuesday. That’s the fastest ...

  Bloomberg Oceans along the US coastline will rise faster within the next three decades than they did in the past 100 years, bringing more flooding to coastal cities such as New York and Miami, according to the latest projections. Sea levels are expected to rise as much as 12 inches by 2050, according to a report led by the ...

  Dubai / WAM Food and beverage (F&B) trade in the UAE increased steadily to reach over $20 billion in the first nine months of 2021, supported by growing demand and expanded efforts to enhance food security and diversify food imports, A new analysis from Dubai Chamber of Commerce shows. Imports accounted for largest share of the UAE’s F&B trade during ...

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) and Borealis AG (Borealis) are considering a potential initial public offering (IPO) of a minority stake in their joint venture business Borouge. Headquartered in Abu Dhabi, Borouge is a leading provider of innovative, value creating plastics solutions. Adnoc and Borealis will provide further material updates as and when appropriate.

  Dubai / WAM The number of weekly visits to Expo 2020 Dubai has passed the one million mark for the first time since the site opened over 19 weeks ago, climbing to a total of 13,457,400 as of February 14. Expo 2020 Dubai’s virtual visitation numbers reached more than 121 million, but this is set to soar even further ...

  Dubai / WAM flydubai, the Dubai-based airline, has announced that it will resume flights to Istanbul’s Sabiha Gökçen Airport (SAW) from March 2 with five flights a week. With flydubai’s daily flights to Istanbul Airport (IST), the airline will increase its flight frequency to Istanbul to 12 flights a week. flydubai’s network in Turkey also includes the capital, Ankara, ...

Bloomberg Russia announced the start of a pullback of some forces after drills that raised US and European alarm about a possible military assault on Ukraine. Markets rallied on news of the withdrawal as investors took the move as a sign of possible de-escalation by Russia amid a major diplomatic push following weeks of warnings from the US and Europe ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of the Republic of Turkey, Recep Tayyip Erdogan, have reviewed the prospects of further consolidating bilateral relations and advancing cooperation and joint work between the two nations in various fields in ...