Bloomberg Bentley Motors Ltd. will build its first fully electric car in the UK, part of a 2.5-billion pound ($3.4 billion) spending push to overhaul manufacturing and ditch its roaring 12-cylinder combustion engines. The investment over the next decade will modernise Bentley’s factory in Crewe, England, the Volkswagen AG brand said. The decision is a boon to the site’s ...

  Bloomberg The euro-area economy grew modestly in the fourth quarter amid another wave of surging coronavirus infections and curbs on activity. Gross domestic product (GDP) rises 0.3%, slightly less than predicted, after a sharp contraction in output left Germany on the brink of recession. Meanwhile, a ramp-up in investment contributed to stronger-than-expected growth in France and Spain. Italy reported ...

  Bloomberg British workers will need pay rises of 8% on average this year to offset the living standards squeeze from higher energy bills, tax rises and broader inflation if the government does nothing to help. Analysis by the Tony Blair Institute for Global Change shows that the poorest fifth of UK workers will need a wage increase of more ...

  Bloomberg European stocks and US index futures rise, and a gauge of global equities pared its biggest monthly drop since March 2020, as investors bet corporate earnings will continue to grow amid aggressive tightening by the Federal Reserve. The Stoxx 600 gauge advanced for a fourth time in five days. Technology shares in Asia and Europe caught up with ...

  Bloomberg Infrastructure, rural development and health-care stocks are among analysts’ top picks as India’s government is set to step up spending in a budget aimed at kickstarting investment to boost growth. Construction spending, including on roads and ports, as well as incentives for electric mobility and renewable energy are likely going to be a focus in Finance Minister Nirmala ...

  Dubai / WAM Dubai continued to maintain its leadership position among the world’s preferred destinations for foreign direct investment (FDI), attracting AED15.9 billion ($4.3 billion) of FDI capital inflow from 378 projects in the first nine months of 2021, a significant increase from the same period of 2020, according to data from the ‘Dubai FDI Monitor’ released by Dubai ...

  DAMMAM / WAM Dr Nayef Falah Mubarak Al-Hajraf, Secretary General of the Gulf Cooperation Council (GCC) for Arab States, has affirmed that the security of the GCC states is indivisible, asserting that the “Arab Gulf Security 3” Exercise is a message of determination and peace, reported Saudi Press Agency (SPA). He expressed pride with the level of security coordination ...

  Bloomberg Saudi Arabia’s plan to sell off stakes in local companies held by its sovereign wealth fund is already paying dividends — it’s set to rake in about $5 billion over three months. The Public Investment Fund (PIF) is set to raise $820 million from selling a stake in digital security firm Elm Co. next month after pricing the ...

  Sharjah / WAM The Sharjah Airport International Free Zone Authority (Saif Zone) has achieved a series of tremendous successes during 2021, strengthening its position as a major hub for trade, industry, and logistics services in the region. The directives and vision of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the main ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 54.23 percent of the extension of several key water transmission pipelines in Dubai with a cost of about AED60 million spanning over 22 kilometres with a diameter of 1200mm. The project location runs from Al Quoz Industrial Fourth to Al Thanyah Fifth, alongside Al Khail Road in Dubai. ...