Bloomberg Britain’s labour market grew strongly despite a surge in coronavirus infections late last year, with vacancies hitting a record 1.25 million in the fourth quarter and unemployment falling unexpectedly. The number of people on company payrolls rose 184,000 in December, stronger than the pace expected, the Office for National Statistics data. The jobless rate dropped to 4.1% in ...

  Bloomberg Germany needs to attract about 400,000 foreign workers per year to mitigate the economic impact of its aging society, according to the caucus leader of the country’s FDP party. “The shortage of skilled workers is now so serious that it is dramatically slowing down our economy,” Christian Duerr said in an interview with WirtschaftsWoche. “We can only get ...

  Bloomberg Argentina sharply reduced its budget deficit in 2021 as President Alberto Fernandez tries to cut down on spending amid talks with the International Monetary Fund (IMF). The so-called primary deficit, which excludes interest payments, fell to 3% of gross domestic product from 6.5% in 2020. The figure, boosted by proceeds from a wealth tax, was also below the ...

  Bloomberg Group Lotus Plc and Britishvolt Ltd signed a preliminary agreement to explore teaming up on battery manufacturing, research and development, according to people familiar with the matter. The companies plan to share details of their memorandum of understanding next week, said the people, who asked not to be identified ahead of the announcement. The deal is Britishvolt’s first ...

  Bloomberg Ericsson AB filed US trade complaints seeking to block imports of Apple Inc devices, escalating a legal battle that shows licensing talks between the two over 5G telecommunications technology are going poorly. In complaints filed with the US International Trade Commission in Washington, Ericsson targets a wide swath of Apple products — the iPhone, tablets, smart watches, smart ...

  Bloomberg A 2005 Porsche Carrera GT has sold for $1.9 million on the car auction website Bring a Trailer (BAT). The $1,902,000 final sale set a world record for the highest amount of money paid at auction for the V10 supercar. It also set the record for the highest amount of money ever spent on any vehicle at BAT. ...

  Bloomberg Intel Corp plans to spend $20 billion on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest silicon-manufacturing site. The chipmaker will begin construction of two fabrication plants on a 1,000-acre site in New Albany, which it expects to be operational by 2025, said the person, asking ...

  Bloomberg Samsung Electronics Co introduced its first mobile processor powered by Advanced Micro Devices Inc. graphics as the company tries to better compete with the gaming prowess of archrival Apple Inc.’s iPhones. The new Exynos 2200 processor is built using Samsung’s most advanced 4nm fabrication process and is the industry’s first mobile chip with hardware support for ray tracing, ...

  ABU DHABI / WAM Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate of Abu Dhabi, is set to showcase its latest healthcare innovation projects and reveal new prestigious partnerships with global leading organisations from around the world at Arab Health 2022. DoH’s participation at the exhibition will bring together local and ...

  ABU DHABI / WAM Abu Dhabi has been selected by the World Veterinary Association as host for the 37th edition of its prestigious annual Congress taking place for the first time in the Middle East. Being held at the Abu Dhabi National Exhibition Centre from March 29-31, the event will be organised by the Emirates Veterinary Association, bringing together ...