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Bloomberg Chancellor of the Exchequer Rishi Sunak rolled out 4.6 billion pounds ($6.2 billion) of new support to help UK businesses forced to close during the pandemic, as the country enters its third lockdown. Retail, hospitality and leisure businesses will be entitled to one-off top up grants of as much as 9,000 pounds ($12,233) to tide them over until the ...

Bloomberg Not since the lead-up to the 2008 financial crisis has Denmark’s housing market faced a similar gap between supply and demand, according to the home finance unit of Nordea Bank Abp. The number of residential properties for sale has plunged to its lowest in over a decade, Nordea Kredit estimates, citing new figures compiled by the website boligsiden.dk. The ...

Bloomberg Tesla Inc. came close to meeting its 500,000 vehicle-deliveries goal for 2020, setting the stage for a new year in which it’s expanding in China and poised to open new factories in Texas and Germany. The electric-car maker said it handed over 180,570 vehicles in the year’s final three months, the most for any quarter but just 450 vehicles ...

Bloomberg German joblessness unexpectedly declined in December, though companies were heavily dependent on government subsidies to keep workers employed through the latest lockdowns. A decrease of 37,000 left the total number of unemployed people at 2.776 million and the rate unchanged at 6.1%, according to the Federal Labour Agency. Economists surveyed by Bloomberg had expected a gain of 10,000. At ...

Bloomberg The cost of moving freight from France to the UK surged to more than four times the usual level last week after Brexit and a virulent new strain of the coronavirus complicated supply chains. The spot rate for last-minute shipments across the English Channel reached more than 6 euros per kilometer ($4.56 a mile) for a full truckload in ...

Abu Dhabi / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, has highlighted the UAE’s commitment, upon the directives of its leadership, to supporting joint action to promote tourism in Arab countries, as well as its keenness to strengthen their cooperation in establishing a sustainable roadmap for advancing Arab tourism. He made this statement while ...

Abu Dhabi / WAM The International Defence Exhibition and Conference (Idex 2021) and the Naval Defence Exhibition (Navdex 2021), held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, from February 21-25 at the Abu Dhabi National Exhibition Centre, signed an agreement with EDGE Group, the Abu Dhabi based advanced technology group for defence and beyond, ...

Abu Dhabi / WAM The UAE’s hotel reservation rates witnessed significant recent growth, benefitting from the rise in travel to the UAE during Christmas and New Year, and a boom in domestic tourism. The hotel sector continued its recovery after the extraordinary conditions caused by the coronavirus (Covid-19) pandemic, most notably with the continued operations of national carriers and the ...

DUBAI / WAM DMCC – a Free Zone and Government of Dubai Authority on commodities trade and enterprise – has registered a record breaking 2,025 new companies in 2020, the highest number of registrations in five years. Despite an overall business environment shaped by the pandemic, the record-breaking registrations are a testament to Dubai’s continued appeal to investors and the ...

Bloomberg President Donald Trump will make his last stand to overturn his election loss on Wednesday when Vice President Mike Pence presides over a congressional session to ratify November’s results, an event that threatens to strain the relationship between the two men. Trump’s refusal to concede and his obsession with overturning the will of voters means the ceremony poses a ...