Bloomberg Euro-area businesses shed jobs at the start of the year after strict lockdowns pushed the economy into a double-dip recession. Employment in the 19-nation region falls by 0.3% in the first quarter after two consecutive gains. The economy shrinks 0.6% in the same period, matching an initial estimate. Since then, the outlook for the euro zone has improved. Coronavirus ...

Bloomberg Stocks and US futures rise on Tuesday as optimism that economic re-openings will boost growth outweighed concern about a pick-up in virus cases in parts of Asia. The dollar dipped and oil rises. The Stoxx Europe 600 Index climbed back towards a record reached last week, while contracts on the Nasdaq 100 Index led gains in US futures after ...

Bloomberg The Tokyo Stock Exchange is considering expanding trading hours for cash equities in a move designed to attract retail investors and foreign traders, the Nikkei newspaper reported, without citing anyone. The bourse, which ends trading at 3 pm Tokyo time, is considering expanding hours into the afternoon or evening in a change that could be in time for a ...

Bloomberg Oil drifted lower as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. Futures in New York slipped near $65 a barrel while Brent fell towards $68 in London as the dollar nudged higher. Chinese refiners have churned through record volumes of crude so far this year, but ...

ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, has signed an agreement with Transportr, a leading company in digital freight services. Through the cooperation, Etihad Rail and Transportr will work together to streamline services in the logistics sector through digital solutions, such as booking, tracking, and multi-modal connectivity, providing a complete digital ...

Abu Dhabi / WAM The Abu Dhabi National Energy Company PJSC (TAQA) will host the World Utilities Congress, a new global exhibition addressing the future of low carbon power and water supplies, at the Abu Dhabi National Exhibition Centre (Adnec) from May 9-11, 2022. Organised by dmg events, the in-person event is supported by the UAE’s Ministry of Energy & ...

ABU DHABI / WAM Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $30 million (AED110.19 million) line-of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the Bank’s Member States. The first of its kind to be signed by ADEX ...

DUBAI / WAM Suhail Al Mazrouei, Minister of Energy and Infrastructure, has reiterated the UAE’s commitment to reduce carbon dioxide emissions by 70 percent and increase clean energy use by 50 percent by 2050 during the inaugural Middle East Energy virtual event. “Today, renewables alongside new technologies and services are transforming the business of supplying and delivering power. For this ...

DUBAI/ WAM Emirates and flydubai airlines will have a combined network of 168 destinations by the end of May, offering more convenience, choice and connectivity for travellers across their combined network. Since the revival of the airlines’ codeshare partnership in September 2020, close to 500,000 passengers have flown on combined network. Top destinations booked through the codeshare include Kabul, Kathmandu, ...

ABU DHABI / WAM Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, took part in the extraordinary meeting of the Organisation of the Islamic Cooperation Executive Committee at the level of Foreign Ministers, which was held upon the request of the Kingdom of Saudi Arabia to discuss the recent violence in occupied East Jerusalem and the Holy ...