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Bloomberg The UK housing market is braced for headwinds as rising borrowing costs add to the cost-of-living crisis stretching the affordability for property buyers. Mortgage lenders are following the Bank of England (BOE) by raising interest rates from historic lows. That’s making it more expensive to own a home at a time when prices of everything from energy to clothes ...

Bloomberg Twenty US internet providers have agreed to offer high-speed connections at essentially no cost to millions of low-income households, as part of a program funded by the infrastructure law passed last year. President Joe Biden and Vice President Kamala Harris will announce that 20 companies, including AT&T Inc., Comcast Corp. and Verizon Communications Inc., have agreed to offer high-speed ...

Bloomberg Tesla Inc sued a former engineer claiming he illegally transferred confidential information on its supercomputer technology to his own computer and turned over a “dummy” laptop for inspection to cover up the theft. Tesla is developing an in-house supercomputer, dubbed Project Dojo, to deal with massive amounts of data, including video from Tesla cars, and using it to create ...

  Bloomberg The European Union aims to secure at least three stalled trade accords this year as the bloc looks to reinforce strategic alliances amid the turmoil caused by Russia’s invasion of Ukraine. The European Commission expects to conclude negotiations with Chile, New Zealand and Australia by the end of 2022 after progress had been stalled for months. The commission, ...

  Abu Dhabi / WAM The UAE has strongly condemned the terrorist attack that targeted a water lifting station, east of the Suez Canal in the Arab Republic of Egypt, which resulted in the death and injury of a number of soldiers. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed the UAE’s strong condemnation of ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has endorsed a plan to construct dedicated bus and taxi lanes extending 37 km during the period 2023-2027. These lanes cover eight main streets mainly Sheikh Khalifa bin Zayed Street, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Street, 2nd December Street, Amman Street, Al Satwa Road, Al Nahda Street, Omar bin Al-Khattab ...

  Abu Dhabi / WAM The Department of Health – Abu Dhabi (DoH), the healthcare sector regulator in the emirate, is set to showcase Abu Dhabi’s most prominent healthcare services available for medical tourists at the Arabian Travel Market (ATM) 2022. Set to be held from May 9-12, the event will see the DoH highlighting key investment opportunities in the ...

Bloomberg Gazprom has written to its European clients seeking to reassure them that they can keep paying for gas without breaching sanctions, the latest indication that Russia may be trying to find a way to keep the gas flowing. European companies are scrambling to work out how they can keep buying Russian gas after Moscow demanded payments be made in ...

Bloomberg John Lee, named Hong Kong’s next chief executive in a rubber-stamp election that’s been criticised as unfair, vowed to strengthen national security and accelerate the city’s integration with mainland China. Speaking in Cantonese and English shortly after his victory was announced, the former police official and security minister outlined his service to China and Hong Kong and said his ...

  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, congratulated French President Emmanuel Macron, on his re-election as President of France, wishing him continued success in performing his presidential duties and responsibilities. This came in a phone conversation where the two leaders ...