Bloomberg The UK should learn from other European nations where more people have returned to their offices during the pandemic, a senior figure in the City of London financial district said. Catherine McGuinness, policy chair for the City‘s Corporation, urged the government to scrutinise the evidence so more workers can get back. She pointed to Paris, where she said there ...

Bloomberg Apple Inc.’s latest iPhones won Wall Street over by dint of lower prices and a major design overhaul, fuelling expectations of a new cycle of sales growth for the world’s largest corporation. At a virtual event, the company showed off the iPhone 12 in black, red, blue, green and white with a 6.1-inch screen, part of the biggest re-design ...

Bloomberg Automakers are so eager to replace less-lucrative cars with higher-margin SUVs, they’re willing to scrap iconic nameplates along the way. Volkswagen’s newest North American model, the Taos, is perhaps the starkest example of this yet. The German automaker made room to manufacture the compact sport utility vehicle in its Mexican assembly plant by ceasing production of the Beetle, one ...

Bloomberg Volkswagen AG’s Audi is expanding its partnership with Chinese manufacturer FAW as the German premium brand seeks to build more battery-powered cars geared to customers in its largest market. Audi and FAW signed a memorandum of understanding to start a company that will produce electric cars for the Chinese market from 2024, Audi said in a statement. The new ...

Bloomberg Microsoft Corp. joined the growing ranks of tech giants allowing some of its employees to work from home permanently if they wish. The software maker has instituted a “hybrid workplace” to give employees greater flexibility once its offices in the US reopen, the company said in a blog post. Microsoft said it’s letting any of its employees work from ...

Bloomberg Sales of electric vehicles in Europe are growing at such a pace that the continent looks increasingly likely to outpace China in the near future. That’s one of the findings of a report by London-based automotive research firm Jato Dynamics. However, it found that Europe and the US still have a few things to learn from China, the world’s ...

Dubai / WAM Abdullah bin Touq Al Marri, Minister of Economy, has held a virtual meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) with the aim of discussing an integrated partnership between the UAE and IMF to develop and analyse economic policies. Moreover, the partnership focuses on drawing comparisons between macroeconomic models; formulating scenarios and forecasting ...

Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc), on Wednesday shared insights on energy market dynamics, the energy transition, and Adnoc’s future strategy during a virtual session of the Energy Intelligence Forum. Speaking with Alex Schindelar, President of Energy Intelligence, during ...

Abu Dhabi / WAM payit digital wallet, powered by First Abu Dhabi Bank (FAB) launched “Digital Marketplace”, which allows small and medium businesses to list and sell their products and services on the platform conveniently and make them accessible to a growing base of payit customers. The new platform will include a range of products and services, such as groceries, ...

Dubai / WAM Countries in the GCC are witnessing accelerated cloud adoption, aided by ongoing investment by cloud providers and the continued need for remote working arrangements, the International Data Corporation (IDC) revealed during a Dubai Outsource City event. The GCC public cloud market is expected to more than double in value by 2024, growing from $956 million this year ...