Bloomberg Telefonica SA reached an agreement with unions in Spain to cut about 2,700 jobs through voluntary redundancies of older workers. The departures are expected to cost about 1.5 billion euros ($1.7 billion) that will be booked in fourth quarter earnings, the company said in a regulatory filing. The plan targets workers turning 55 or older in 2022 and ...

  Bloomberg Tesla Inc delivered 308,600 vehicles worldwide in the fourth quarter, smashing the previous record for the electric-car maker and setting a capstone on a year in which the company joined the exclusive $1 trillion market valuation club. The better-than-expected results posted Sunday pushed Tesla’s total sales for the year to more than 936,000, up about 87% over 2020’s ...

  Bloomberg US equity futures gained, while Asian stocks were mixed in thin trading as investors mulled the impact of the omicron variant on the global recovery. Shares of troubled China Evergrande Group were suspended in Hong Kong. S&P 500 and Nasdaq 100 contracts advanced at the start of the new year, with major markets including Australia, Japan and China ...

  Bloomberg Traders looking for a turnaround in Asian stocks in 2022 will be keeping a watchful eye on Chinese stimulus, the direction of the dollar, fading retail participation and the outlook for equity listings. The case for a rebound should be aided by lower valuations after the MSCI Asia Pacific Index underperformed its global counterpart by around 20 percentage ...

  Abu Dhabi / WAM Abu Dhabi Airports on Sunday marked the 40th anniversary of the official opening of Abu Dhabi International Airport (AUH), celebrating its contributions to the remarkable ascension of Abu Dhabi as a centre for aviation, trade and tourism. “Abu Dhabi International Airport has connected the world to Abu Dhabi for 40 years and fuelled the emirate’s ...

    Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) announces the development of Sharjah’s newest pro skatepark attraction which will be part of its much anticipated and upcoming beach destination, Al Hira Beach. Scheduled for completion in Q1 of 2022, along with the opening of Al Hira Beach, the new attraction comes as part of a partnership ...

SHARJAH / WAM The Expo Centre Sharjah is gearing up to launch the 17th of SteelFab 2022, Mena’s premier trade show for the metalworking, metal manufacturing, and steel fabrication Industry, from January 10-13, with the support of the Sharjah Chamber of Commerce and Industry (SCCI). Over 150 local and international exhibitors from 20 countries and 400 brands of the world’s ...

  Bloomberg Big tech powered US stocks to a third straight winning year in 2021, as giants like Apple Inc. and Microsoft Corp. continue to see strong demand almost regardless of the economic environment. Five of the market’s most notable Internet and technology names — Apple, Microsoft, Google parent Alphabet Inc, Amazon.com Inc and Facebook parent Meta Platforms Inc — ...

  Bloomberg The Organisation of Petroleum Exporting Countries (Opec) and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores ...

  Bloomberg China added $16.7 billion in foreign debt in the third quarter of 2021 due in part to increased purchases of onshore yuan-denominated bonds by foreign investors. About 47% of China’s outstanding debt of $2.7 trillion at the end of September are medium to long-term obligations, up three percentage points from the end of June, Wang Chunying, deputy director ...