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Bloomberg Surging house prices in the UK are making it more difficult for younger generations to follow the most common path for accumulating wealth, widening a gap between the rich and the poor. Homeowners are benefiting from the coronavirus crisis, with cheap borrowing and government tax cuts driving real estate prices to an all-time high last year. The cost of ...

Bloomberg The European Union (EU) has set out plans to strengthen the international role of the euro, as its seeks to erode the dominance on the US dollar and lessen the bloc’s vulnerability to financial risks, including US sanctions. The plan includes measures to help protect against currency shocks, and allow greater scrutiny of foreign takeovers, according to a draft ...

Bloomberg Prime Minister Justin Trudeau is formally instructing Canada’s finance minister to re-establish a firm budgetary target after the Covid-19 crisis and avoid creating any new permanent spending. In a so-called mandate letter to Chrystia Freeland, who is also deputy prime minister, Trudeau said she should spend as much as need to tackle short-term economic challenges but avoid any new ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and King Abdullah II of Jordan, have reviewed several regional and international developments and prospects of further consolidating the fraternal relations between the two nations. During the meeting held on Saturday at Al Shati ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has visited the headquarters of the State Security Department in Dubai, where he praised the country’s state-of-the-art security facilities. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; His Highness Sheikh Maktoum ...

ABU DHABI / WAM The United Arab Emirates gifted a fifth shipment containing six metric tons of medical supplies and testing equipment to Chechnya. The shipment, which was offered as a gesture of appreciation in the fight against Covid-19, will assist approximately 6,000 healthcare workers. “The UAE’s efforts to operate an air bridge for emergency medical supplies to assist the ...

Bloomberg After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of the fuel. The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark ...

Bloomberg The week before Joe Biden’s inauguration, downtown Washington looks like a city preparing for war. A huge swath of the city core is blocked off, patrolled by uniformed National Guard forces as part of a build-up not seen since the Civil War. And the US capital is getting even more fortified as federal, state and local officials brace for ...

Abu Dhabi / WAM Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainable development, hosted by Masdar, will be held from January 18- 21 and reimagined virtually. ADSW 2021 will feature a series of high-level virtual events, including the ADSW Summit, Irena Assembly, Abu Dhabi Sustainable Finance Forum, Atlantic Council Global Energy Forum, Youth 4 Sustainability Virtual Forums ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) announced the Covid-19 vaccine is still being successfully administrated to members of the public as planned while focusing on those working in public and private facilities as well as the most vulnerable groups. The ministry also said that it is now working on a plan to increase the number of ...