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Bloomberg Italy is betting that a tax scheme to encourage home renovations will green its economy and create jobs. On the face of it, this low-tech approach is at odds with the European Union’s aim of promoting climate and innovation in exchange for billions of euros of aid money. But the government is convinced that paying citizens to make their ...

Bloomberg UK house price growth rises to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said on Wednesday. They increased 0.8% from a month earlier. The housing market has boomed in 2020 ...

Bloomberg A measure of home prices in 20 US cities rose in October by the most since 2014 as ultra-low mortgage rates and increased buyer appetite for more space depleted housing inventory. The S&P CoreLogic Case-Shiller index of property values climbed 7.95% from the same month the previous year, data showed. The median forecast in a Bloomberg survey of economists ...

Bloomberg Prime Minister Giuseppe Conte warned that Italy is reaching the limits on how much debt the government can take on, even as the European Union opens the door to further borrowing. While Italy is pushing ahead with a 38 billion-euro ($47 billion) budget for next year, the growing deficit is becoming unsustainable, Conte said during his year-end press conference ...

Bloomberg European freight forwarders are rejecting contracts to take loads into the UK due to fears the chaos at Dover could be repeated post-Brexit. Transporeon, a German software company that monitors real-time data on freight traffic and rates for more than 100,000 logistics service providers, said a “dramatic number” of freight forwarders had declined to take cargo into the UK ...

DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, partnered with ECGC Limited (ECGC), the export credit agency of India, to explore and bolster the trade and economic cooperation between the UAE and India. In a Memorandum of Understanding (MoU) signed by Massimo Falcioni, CEO of ECI and M Senthilnathan, Chairman-cum-Managing Director of ECGC, the two ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has approved the general budget of the Ajman Government for 2021, which is valued at AED2.066 billion and without a deficit. The budget aims to achieve the government’s strategic priorities, provide the best services, and enhance the emirate’s financial sustainability. HH Sheikh ...

SHARJAH / WAM Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah Crown Prince, Deputy Ruler, and Chairman of the Sharjah Executive Council (SEC), on Tuesday, chaired a meeting of SEC at the Sharjah Ruler’s office, in the presence of Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC. The council discussed ...

Bloomberg Britain’s power generation industry is headed for its greenest year yet as more renewable capacity is added and coal plants are needed less often. The carbon intensity — a measure of the environmental impact of generating electricity — has dropped 60% in the UK in the six years to 2019 and is on track to reach another low this ...

Bloomberg President-elect Joe Biden accused Trump loyalists at national security agencies of throwing up roadblocks to a smooth presidential transition and warned that adversaries could take advantage of the situation without better cooperation from the outgoing administration. “We need to make sure nothing is lost in the hand-off between administrations,” he said after a meeting with his national security advisers ...