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Bloomberg Federal Reserve Chair Jerome Powell said the US economy is at an “inflection point” with stronger growth and hiring ahead thanks to rising vaccinations and powerful policy support, but Covid-19 remains a threat. “We feel like we’re at a place where the economy is about to start growing much more quickly and job creation coming in much more quickly,” ...

Dubai / WAM The value of exports and re-exports carried out by members of the Dubai Chamber of Commerce and Industry increased by nearly 24 percent to reach AED22.1 billion in March this year, compared to the same month last year, the organisation has revealed. During the first quarter of 2021, the value of members’ exports and re-exports grew by ...

MUKALLA / WAM The Emirates Red Crescent (ERC) is intensifying its response to the humanitarian conditions in Yemen for the Holy Month of Ramadan, by continuing to send relief shipments to Hadramaut Governorate. Two planes carrying 60 tonnes of basic food supplies arrived in Riyan Airport to provide for the needs of Hadramaut’s residents during Ramadan. The ERC is keen ...

Abu Dhabi / WAM Etihad Airways unveiled on Sunday a year-long programme in celebration of the 50 years since the nation was established. The programme will launch in three phases, focusing on the past, the present and looking forward to the future, said an Etihad statement. The airline has launched a dedicated platform at etihad.com/uae50, and aims to engage the ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) announced a new collaboration with IBM, an American multinational technology company, to fast track its transition into a modern, digitally-led Islamic bank, using IBM’s hybrid cloud solutions based on Red Hat OpenShift. This step will help enhance ADIB’s digital infrastructure, modernise operations and automate processes, enabling its employees to focus on ...

Bloomberg An ambitious pledge to cut greenhouse-gas emissions under consideration by the US gives President Joe Biden more leverage when he hosts leaders for a climate change summit later this month — presenting a particular challenge to China’s Xi Jinping. The White House may commit to emissions cuts of 50% or more from 2005 levels by 2030, Bloomberg reported this ...

Bloomberg Donald Trump plans to tell Republican donors that the party will retake control of Congress in the 2022 midterm elections and that “a Republican candidate” will win the White House in 2024 by championing working-class Americans, as he holds out the prospect of running again. Trump’s speech at a Republican National Committee donor event will call for building on ...

Bloomberg Last year’s pandemic housing rush is now this year’s end-of-lockdown feeding frenzy. Across the US, house hunters are fighting for scraps in a market picked clean of listings during the key spring homebuying season. Bidding wars are the norm. Strategies like waiving inspections to secure deals, common for years in hot West Coast tech hubs, are popping up in ...

Bloomberg Facebook Inc. said it removed 14 networks representing more than 1,000 accounts seeking to sway politics around the world, while misleading the public about their identity. Most of the removed networks were in the early stages of building their audiences, the Menlo Park, California-based company said. Facebook’s announcement, part of its monthly reporting on efforts to rid its platforms ...

Bloomberg UK bond investors eager for the government to sell more of its longest-dated debt appear to have gotten their way. A bond auction on Tuesday will include a 1 billion-pound ($1.37 billion) offering of gilts maturing in 2071 with more scheduled for sale in June. Minutes of a conference call with the Debt Management Office last month revealed investors ...