Uncategorized

Bloomberg North Korea test-fired a ballistic missile just as its envoy was preparing to address the United Nations (UN), in a pointed gesture of defiance against international resolutions meant to prevent such launches. The projectile was fired from the northern province of Jagang around 6:40 am local time and landed in waters to the east, South Korea’s military said, without ...

Bloomberg Brazil’s government plans to keep a cushion of at least 1 trillion reais ($190 billion) in cash next year to face local debt maturities as it braces for possible market turbulence in the run-up to presidential elections, according to Treasury Secretary Jeferson Bittencourt. The Treasury had a hard time in 2020, when investors concerned with President Jair Bolsonaro’s big ...

Bloomberg Federal Reserve Chair Jerome Powell said supply bottlenecks have been longer lasting than anticipated, and he expects inflation pressures to remain high in coming months before easing. “These effects have been larger and longer lasting than anticipated, but they will abate, and as they do, inflation is expected to drop back toward our longer-run 2% goal,” Powell said in ...

Bloomberg The UK officially put the military on standby to help deliver supplies to gasoline stations in an effort to stem a crisis that’s engulfed Prime Minister Boris Johnson’s government. A “limited number” of army tanker drivers will be trained up in case they’re needed, the Department for Business, Energy and Industrial Strategy said. Non-military holders of specialized licenses that ...

Bloomberg US household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and largest-ever increase in value of their real estate holdings. Household net worth increased by $5.8 trillion, or 4.3%, to $141.7 trillion in the second quarter, a Federal Reserve report showed. The advance included a $3.5 trillion gain in ...

Abu Dhabi / WAM Miral, Abu Dhabi’s leading creator of magnetic experiences, announced on Monday the launch of its Decision Analytics strategy; the Noor Initiative. The all-new and bold strategy is in line with Miral’s digital transformation strategy for Yas Island, and part of its ambition to become the region’s most dynamic and influential leisure and entertainment developer by 2025. ...

Dubai / WAM The United Arab Emirates has strongly condemned the Houthi terrorist militias’ attempt to attack civilians and civilian buildings in Saudi Arabia with an explosive drone, which was intercepted by the Coalition Forces. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE reiterated that the continuation of systematic terror attacks by the ...

Dubai / WAM With Expo 2020 Dubai around the corner, Dubai Customs announced they completed 1,432 customs declarations for Expo goods, with 12,600 tonnes of goods, that has a value of AED948 million, cleared especially for the grand event. Dubai Customs revealed the facilities and preferential services it dedicates to exhibitors and visitors of Expo 2020 Dubai, which kicks off ...

Dubai / WAM EZDubai, the fully dedicated e-commerce free zone strategically located in the heart of Dubai South’s Logistics District, has announced that four new facilities of 270,000 square feet are currently under construction. Preparing for demand in the future, the four facilities are under development to complement the 1,300,000 square feet already developed and handed over. The announcement comes ...

Abu Dhabi / WAM Abu Dhabi has significantly expanded its eco-tourism offerings with the announcement that new marine protected sites across the emirate have now been made accessible to the public. The newly unveiled areas will give residents and visitors a host of new options for exploring the emirate’s coastline and waterways, with the initiative also supporting the emirate’s maritime ...