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Bloomberg The UK government is ending two of its pandemic-era safety net programs that pumped almost 80 billion pounds ($107 billion) into the economy, a move that campaigners say will leave more working families in poverty and widen the gap between the rich and the poor. Over the next week, furlough support for wages that helped 8.9 million workers at ...

Bloomberg Canada’s economy returned to growth as consumers headed back to restaurants and entertainment venues, propelling spending on services. Gross domestic product rises 0.7% in August, Statistics Canada said in a flash estimate from Ottawa. That’s a reversal from July, which showed a 0.1% contraction, according to the report. Economists were predicting a 0.2% drop in output for July, after ...

Bloomberg Inflation in the euro area accelerated more than expected to the highest level in 13 years, adding fuel to a debate over how long the post-crisis spike will last. Consumer prices rise 3.4% in September, compared with an estimate for a 3.3% gain, according to figures released by Eurostat. A measure stripping out volatile components such as food and ...

Bloomberg Hungary’s government is planning to pay out a pension bonus to offset the effects of high inflation for the elderly, Prime Minister Viktor Orban said during a weekly interview on state broadcaster Kossuth radio. “Inflation is higher than we would have presumed in our right mind at the beginning of the year,” Orban said. “We must correct pensions against ...

Bloomberg Tesla Inc delivered a better-than-expected 241,300 cars worldwide in the third quarter, a record for the electric-car maker led by Chief Executive Officer Elon Musk. Quarterly deliveries are one of the most closely watched indicators for Tesla. They are also widely seen as a barometer of consumer demand for electric vehicles amid a transition away from the internal combustion ...

DUBAI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited the UAE Pavilion at Expo 2020 Dubai. HH Sheikh Mohamed viewed the areas in the pavilion, which tells the story of the establishment of the UAE and the dreams of its founders, who created ...

Dubai / WAM The economic relations between Brazil and the United Arab Emirates have successfully overcome the negative impacts of the global pandemic, with bilateral trade witnessing a 33 percent increase in the first eight months of 2021, compared to the same period last year, according to a top Brazilian official. In an exclusive interview with Emirates News Agency (WAM), ...

Dubai / WAM Jean-Yves Le Drian, French Minister of Europe and Foreign Affairs, has said that the participation of the world’s countries in Expo 2020 Dubai enhances international cooperation, as the most important cultural event in the world carries a message of hope at the time of the coronavirus pandemic. In his statement marking France’s National Day at Expo 2020 ...

Bloomberg India’s coal power giant NTPC Ltd expects to raise $2 billion through initial public offerings in three units including its renewables business, and the paring of a joint venture stake, according to a company official familiar with the plans. The state-run generator plans to sell shares in NTPC Renewable Energy Ltd within a year, the official said, asking not ...

Bloomberg The US called on China to halt its “provocative” pressure on Taiwan after a record number of daily incursions by Chinese warplanes, saying the military actions are destabilising and risk leading to “miscalculations.” “The US commitment to Taiwan is rock solid and contributes to the maintenance of peace and stability across the Taiwan Strait and within the region,” State ...