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  Bloomberg US consumer prices soared last year by the most in nearly four decades, illustrating red-hot inflation that sets the stage for the start of Federal Reserve interest-rate hikes as soon as March. The consumer price index climbed 7% in 2021, the largest 12-month gain since June 1982, according to Labour Department data. The widely followed inflation gauge rose ...

  Bloomberg Britain’s poorest households are facing a 3 billion pound ($4.1 billion) squeeze on living standards in April when their benefits will rise by half the expected rate of inflation, the Institute for Fiscal Studies said. To protect those on low incomes from the looming spike in energy in bills, the government should change this year’s benefit uprating to ...

  Bloomberg Italy’s government is working on a spending package that won’t require revising its budget to expand the deficit. The measures could be announced as early as next week and would bring targeted relief to sectors hit by the surge in Covid-19 infections, such as tourism, the people said, asking not to be named discussing confidential plans. The package ...

  Bloomberg Tesla Inc agreed to purchase nickel supplies from miner Talon Metals Corp. as an expected surge in demand spurs automakers to secure access to battery metals and other electric-car parts. Tesla committed to purchase 75,000 metric tons of nickel concentrates produced from Talon’s Tamarack project, with the price linked to the London Metal Exchange’s cash-settlement price for nickel, ...

  Abu Dhabi / WAM After a one-year hiatus, Leaders Sport Business Summit Abu Dhabi, in partnership with Abu Dhabi Sports Council (ADSC), returns to the world-renowned Yas Marina Circuit on March 16-17. Leaders will host two days of exclusive insight led content from leading global sports organisations and local entities. Over 400 industry leaders from every corner of the ...

  ABU DHABI / WAM Abu Dhabi University (ADU) has been recognised for its excellence in online learning, earning the highest rating of 5 stars by the prestigious Quacquarelli Symonds – QS Stars Rating for 2021. The ADU has achieved an outstanding overall score of 95 percent in the Online Learning category. It earned a full score in student-faculty engagement, ...

  ABU DHABI / WAM The Zayed Higher Organisation for People of Determination (ZHO) and ADQ, an Abu Dhabi-based investment and holding company, on Wednesday announced the launch of the ‘Bridges of Hope’ programme to support people of determination in Egypt. The joint initiative is in cooperation with the Egyptian Ministry of Youth and Sports (MOYS), which oversees the Office ...

  Bloomberg Soaring energy prices are putting the squeeze on European consumers desperate for some relief after two years of coronavirus, lockdowns and job worries. The financial pain is taking a toll on households, who are more worried about prices than at any time this century, and feel less inclined to splurge, according to a European Commission survey. If demand ...

  Bloomberg A meeting between senior Russian and Nato officials in Brussels is running longer than scheduled as the two sides continue their diplomatic push to ease tensions over Moscow’s troop build-up near Ukraine. The encounter comes after a US-Russian meeting in Geneva earlier this week, with Western diplomats still struggling to discern the real intentions of Russian President Vladimir ...

  Dubai / WAM Embodying the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE government launched the Coders HQ, a new transformational project that re-defines local coding communities, in partnership with more than 40 companies in the UAE and worldwide. The project, established in ...