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Putin’s ruling party set to clinch victory in legislative elections

Bloomberg President Vladimir Putin’s ruling party is set to win a decisive victory in legislative polls despite simmering discontent after sidelining political opponents. While Putin personally retains broad support, according to polls, his United Russia party recorded some of the lowest ratings in nearly a decade earlier this year, scorned by voters angry over stagnant living standards and unpopular policies. ...

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Biggest US port complex to work nights, weekends to cut logjam

Bloomberg Ports operating in the US’s biggest gateway for trade with Asia will extend night hours and work weekends to clear port delays amid record volumes. The port of Los Angeles will expand weekend operating gate hours while neighbouring Long Beach will extend the hours during which trucks can pick up and return containers, they said in a joint statement. ...

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Italy to earmark about $4.1bn to curb power bills

Bloomberg Italy’s government will spend around 3.5 billion euros ($4.1 billion) to protect consumers from a surge in energy prices that’s hit countries across Europe, according to people familiar with the matter. The disbursement could be approved as soon as next week, the people said, asking not to be named discussing confidential plans. Prime Minister Mario Draghi’s administration is also ...

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Used car prices in US on rise, raising inflationary specter

Bloomberg Used car prices, one of the biggest drivers of US inflation this year, rise again in early September on a monthly basis after idling over the summer. The Manheim US Used Vehicle Value Index, a measure of pricing trends, increased 3.6% in the first half of September compared with a month earlier. That puts it on track for the ...

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UK inflation surge prompts bets for sharper rate hikes

Bloomberg UK inflation surged more than expected to the strongest pace in more than nine years, prompting investors to anticipate a sharper increase in interest rates in 2022. Consumer prices jumped 3.2% in August from a year ago, the most since March 2012, Office for National Statistics said. The reading was up from 2% in July and above the highest ...

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Abu Dhabi cancels Covid-19 testing entry requirements

ABU DHABI / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee for the Covid-19 pandemic has approved the cancellation of Covid-19 testing entry requirements, effective Sunday, September 19, as part of the updated procedures to enter Abu Dhabi from within the UAE, announced on Saturday. The decision follows the announcement of a decreased Covid-19 infection rate in the emirate ...

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SBA, Russia explore new avenues of cross-cultural collaboration

Moscow / WAM The Sharjah Book Authority (SBA) has explored ways to advance cultural partnerships between Sharjah and Russian cities during its participation in Moscow’s 37th International Board on Books for Young People Congress (IBBY World Congress). The authority also organised two creative sessions on the occasion, bringing together an elite group of Emirati and Russian authors and artists to ...

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Mariam Al Suwaidi accredited as FATF assessor expert

Abu Dhabi / WAM Financial Action Task Force (FATF) accredited Dr Mariam Butti Al Suwaidi, Deputy CEO of Securities and Commodities Authority, as the first UAE woman to be chosen as an accredited assessor expert in evaluating the systems of combating money laundering and terrorism financing and the effectiveness of these systems using the evaluation methodology issued in 2013 by ...

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Majid Al Futtaim to hire 3,000 Emiratis in response to ‘Nafis’

ABU DHABI / WAM Majid Al Futtaim the leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa and Asia has announced the expansion of its people development programme that is set to create thousands of career opportunities for Emirati talent across multiple industries in the UAE and beyond in response the UAE government’s federal Nafis programme. ...

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Biden upsets allies like Trump as France recalls ambassadors

Bloomberg President Joe Biden came to office promising to restore competency to US foreign policy after four years of Donald Trump’s diplomatic bomb-throwing. But eight months later, a series of missteps have angered allies, drawn criticism even from supporters and raised concern that Biden isn’t as sure-footed in international affairs as advertised. France even recalled its ambassador, a dramatic escalation ...

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