Bloomberg Canada, one of the world’s top barley exporters, is importing a rare cargo from Europe after drought decimated its harvest last year. France’s Rouen port is set to load its first-ever barley cargo for Canada, on the bulk carrier Federal Spey, according to a spokesman for the port operator. The North American nation hasn’t imported significant volumes from ...

  Bloomberg Benchmark German debt yields climbed above zero for the first time since before the pandemic as investors braced for central banks to scale back monetary stimulus in the face of accelerating inflation. The rate on 10-year bunds rises four basis points to 0.02%, crossing into positive territory for first time since May 2019. It comes as money markets ...

  Bloomberg New York City is factoring in an 8.2% increase in property values for next fiscal year, bolstered by demand for single-family homes, co-ops and condos. The city set a value of about $1.4 trillion for its more than one million properties for the fiscal year beginning in July, according to a tentative assessment roll released by the Department ...

  Bloomberg The sustained boom in global tech spending, a revival of local housing demand and a rebound in bank earnings are expected to be among the key drivers of gains for India’s stock market this year. Analysts remain bullish, projecting a rise of about 15% for the NSE Nifty 50 Index over the next 12 months, according to sell-side ...

  Bloomberg Chinese property stocks and bonds rallied for a second day after the central bank pledged to use more monetary policy tools to spur the economy. The sector extended gains near the end of trading on a report that China may make it easier for firms to tap pre-sale funds deposited by homebuyers. Country Garden Holdings Co., the country’s ...

Abu Dhabi / WAM UN secretary general Antonio Guterres condemned the Houthi militia attack, which targeted civil facilities in UAE and resulted in a number of deaths and injuries. The UN spokesman said in the daily briefing that such attacks are prohibited by international humanitarian law. The United States also strongly condemned Houthi militia terrorist attack in the UAE, which ...

  Bloomberg Microsoft Corp said it’s buying Activision Blizzard Inc in a $68.7 billion deal, uniting two of the biggest forces in video games to create the world’s third-biggest gaming company. In its largest purchase ever, Microsoft will pay $95 a share in cash for one of the most legendary gaming publishers, known for titles like Call of Duty and ...

  Abu Dhabi / WAM Agthia Group PJSC, a regional food and beverages company, has marked the end of 2021 with a sizeable donation of over 500 Care Packages that were distributed to families in need across the UAE, which included a variety of food items produced by the group’s brands. Agthia partnered with the Emirates Red Crescent, Dubai Charity ...

  Abu Dhabi / WAM Aldar Properties (Aldar) on Tuesday announced an agreement with Diamond Developers, the mastermind behind The Sustainable City brand, to form a joint venture (JV) for the development of a fully sustainable and unique community on Abu Dhabi’s Yas Island. The Sustainable City – Yas Island will span an area of 397,000 square metre in Yas ...

  ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, announced on Tuesday that it has signed a memorandum of understanding with Singapore’s Tuas Power, France’s EDF Renewables, and PT Indonesia Power to explore the development of renewable energy within Indonesia for export to Singapore. The agreement envisages the development of solar photovoltaic (PV) facilities with ...