Uncategorized

Bloomberg Canada’s jobs market blew past expectations for a second straight month, one more sign the nation’s economy is on the cusp of fully recovering from the pandemic. The economy added 303,100 jobs in March, Statistics Canada reported in Ottawa. That’s triple what economists were anticipating, and follows a gain of 259,200 in February. The two-month jump was led by ...

Bloomberg Italy eased lockdown restrictions, lifting some curbs that have been weighing on the economy in the region surrounding Milan and across the country as the latest virus resurgence slows. Health Minister Roberto Speranza signs a decree to shift six regions classified as high-risk “red” areas to medium-risk “orange” status, his office said in a statement. The development means that ...

Bloomberg Norway’s government, which oversees the world’s biggest sovereign-wealth fund, expects climate and social issues to dominate investment decisions in the coming decades. “There is a growing expectation, not only in Norway, but internationally that there will be a high level of ethical awareness,” Finance Minister Jan Tore Sanner said in an interview. “We must have the highest possible return ...

Bloomberg Russia announced the start of mass military drills, ratcheting up tensions with neighbouring Ukraine amid Western concerns about the risk of renewed fighting. More than 4,000 training exercises will be held in military districts across Russia in April, Defense Minister Sergei Shoigu said, in comments posted on the ministry’s website. Ukrainian President Volodymyr Zelenskiy reiterated his country’s desire to ...

Bloomberg Euro-zone companies have returned to broad-based growth for only the second time since the pandemic started, with factories booming and confidence high that vaccinations will soon end the coronavirus crisis. Germany, Italy, Spain and Ireland all saw business activity rise last month and France halted its contraction, according to IHS Markit’s latest survey of purchasing managers. Those nations, the ...

Bloomberg US job openings rise to a two-year high in February, led by gains in some of the industries hardest hit during the pandemic and indicating employers are poised to ramp up hiring in the coming months. The number of available positions increased to 7.37 million during the month from an upwardly revised 7.1 million in January, the Labour Department’s ...

Bloomberg An impasse between Brazil’s economic team and congress over this year’s budget will likely end up with President Jair Bolsonaro accepting only part of his economy chief’s austerity pleas as lawmakers push to ramp up spending ahead of next year’s elections. Bolsonaro has agreed to reject part of the budget proposal to make room for mandatory spending that was ...

Bloomberg UK Prime Minister Boris Johnson sought to reassure the public that summer holidays are still a possibility, a day after warning that the government may not meet a May 17 goal to reopen its borders. While many popular holiday destinations are struggling with surges in Covid-19 cases, this doesn’t mean the government has given up on next month’s target, ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) announced on Tuesday that the Unit 1 of Barakah Nuclear Energy Plant has started commercial operations. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, applauded this achievement, describing it as a significant milestone in the UAE’s long-term ...

GROZNY / WAM Ramzan Kadyrov, President of Chechnya, inaugurated a major street in the Chechen capital, Grozny, named after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. During the inauguration, which was attended by Dr Mohammed Ahmed Al Jaber, UAE Ambassador to Russia, President Kadyrov highlighted ...