Bloomberg UK house prices rose unexpectedly in February, continuing a surge fueled by a temporary tax relief on purchases and Covid-induced shifts in people’s lifestyles. Values increased 0.7% from January to an average of 231,068 pounds ($321,000), Nationwide Building Society said. They climbed 6.9% from a year ago, accelerating from the 6.4% pace registered a month earlier. Housing boomed last ...

Bloomberg Swedish house prices soared to the highest level ever recorded, as a growing number of people make use of unprecedented central bank stimulus to upgrade into bigger homes. “From a credit perspective, one can only conclude that the market has been gripped by hysteria, which is connected to central banks pumping money into the system,” said Carl Johan Lagercrantz, ...

Bloomberg Google is under growing pressure to pay for information that, for two decades, the search provider snipped from the web — and made a mint from — without paying a penny. Australian and French efforts to force Google to compensate news publishers are only the latest examples of a trend spanning the globe. Canada is considering a similar requirement ...

Bloomberg Volvo Cars set an ambitious goal to only sell battery cars by 2030, accelerating its plans after sales of electric vehicles surged. The Chinese-owned Swedish brand is rolling out a new lineup of electric cars and will unveil its second battery-only model later. Going one step further than recent rivals’ decisions on EVs, Volvo’s electric vehicles will be available ...

Bloomberg Huawei Technologies Co. is planning to manufacture electric cars under its own brand, Reuters reported, as it shifts away from a consumer electronics business battered by US sanctions. The Chinese tech giant could roll out some models this year, Reuters said. Huawei is in talks with Chongqing Changan Automobile Co. and other carmakers to use their plants to manufacture ...

Bloomberg Samsung Electronics Co. revealed additional details about its plans to build a cutting-edge semiconductor facility in the US in a filing with the Texas government, making the disclosure as the Biden administration vows to make the security of the US chip supply a national priority. The South Korean company plans to invest about $17 billion in its Project Silicon ...

Bloomberg India led the world last year in internet shutdowns that affected hundreds of millions of people, as governments cracked down on political rivals and tried to suppress protests. At least 155 internet shutdowns in 2020 disrupted access for people in 29 countries, according to a report from digital rights group Access Now. That included 28 full internet blackouts that ...

ABU DHABI / WAM World Business Times has recognised the ‘Together We Are Good’ programme, launched by the Authority of Social Contribution – Ma’an, as a leading initiative in bringing the community together and embodies the principles of human fraternity. The programme positively impacted more than 400,000 beneficiaries in Abu Dhabi, according to a report published on Wednesday by the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it will remove destination restrictions on its Murban, Upper Zakum, Das and Umm Lulu crude grades, starting from the first traded contract month of the new ICE Murban Crude Oil Futures Contract. The company also confirmed that Adnoc Onshore, the producer of Murban Crude Oil, ...

ABU DHABI / WAM Despite a slower and only marginal improvement in business conditions around the world, to the tune of AED29 billion in cash dividends for 2020 have been proposed to date by 38 companies listed in the UAE capital markets, according to data released by the listed firms. Banks are the largest distributors of profits, with eight Emirati ...