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Britain attacks ‘offensive’ EU as Brexit G-7 argument escalates

Bloomberg Boris Johnson’s UK government doesn’t want any of the leaders at the Group of Seven summit to leave Cornwall without knowing just how angry he is with some of them about Brexit. For the second day in a row, Johnson’s Foreign Secretary Dominic Raab has taken to broadcast interviews to condemn European “ignorance” about the UK, as a dispute ...

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Canadians’ net worth surges on housing but renters left behind

Bloomberg The coronavirus pandemic real-estate boom has made some Canadians richer, while others languish. The net worth of the nation’s households increased by about C$770 billion ($633 billion) in the first three months of 2021, a record 6% gain, to C$13.7 trillion, Statistics Canada said in a report. Since the start of 2020, that figure has increased by more than ...

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UK hotel industry warns 500,000 jobs are at risk

Bloomberg The UK hospitality industry warned it may lose 500,000 jobs when the government’s furlough program to support wages ends. Hotels and restaurants are saddled with back taxes of 93 million ($132 million) that will become an unsustainable burden if the government fails to drop all lockdown rules as planned on June 21, said Kate Nicholls of business lobby group ...

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German factory orders fall in April after mounting supply shortages

Bloomberg German manufacturers unexpectedly saw demand decline in April, signaling that supply shortages and higher prices are undercutting the country’s economic recovery. Orders fall 0.2%, missing a median estimate for a 0.5% gain. The Economy Ministry said weakness was driven in particular by lower domestic demand. Foreign orders were up 2.7% from the previous month. Manufacturing has been a stronghold ...

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Facebook to expand remote work to all employees

Bloomberg Facebook Inc said it will let all employees work remotely even after the pandemic if their jobs can be done out of an office, but may reduce their pay if they move to a less-expensive area. Starting June 15, any Facebook employee can request to work from home, the Menlo Park, California-based company said in a statement. If those ...

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Sheikha Latifa approves 100-day plan to develop Al Quoz Creative Zone

Dubai / WAM HH Sheikha Latifa bint Mohammed, Chairperson of the Dubai Culture & Arts Authority (Dubai Culture), expressed her confidence in the ability of committee and executive team members of the Al Quoz Creative Zone to work together effectively to develop the project in accordance with the high standards outlined in its project plan. She emphasised Dubai’s commitment to ...

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Bee’ah, Greek firm form JV to tackle marine pollution

Athens / WAM Bee’ah, the Middle East’s sustainability pioneer, and Polygreen, the Greek-owned company offering a total circular economy approach worldwide, on Saturday launched Evogreen, a joint venture that offers innovative marine and environmental management solutions, to promote a circular economy and sustainability. The newly established company tackles marine pollution through advanced waste management solutions to keep oceans pristine. By ...

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Dubai Police issue 10,635 fines for safety violations

Dubai / WAM Dubai Police’s Al Rashidiya Police Station issued 10,635 fines and warnings against violators of the announced precautionary measures against Covid-19 across the station’s jurisdiction area in 2020. The violations included 3,271 violations for not wearing facemasks in private and public transportation, 2,526 violations for failing to maintain social distancing in vehicles, 1559 violations for exceeding allowed number ...

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Tadweer to set up new fallen stock treatment facility in Abu Dhabi

Abu Dhabi / WAM Abu Dhabi Waste Management Centre (Tadweer) announced its plans to set up a dedicated facility for the treatment of fallen stock collected from the farms and ranches across the Abu Dhabi and its suburbs. The move comes as part of the centre’s continued efforts to develop the required infrastructure and sustainable solutions for the safe and ...

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Putin sees chance to work with Biden at low point in ties

Bloomberg Russian President Vladimir Putin suggested that in spite of heightened tensions with the US over cyberattacks and his treatment of dissidents, he may be able to work with President Joe Biden in part because he’s more predictable than Donald Trump. “That’s a different kind of person and it is my great hope that, yes, there are some advantages, some ...

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