Bloomberg Watch out for the fate of Europe’s small import-export exposed businesses, as chaos in global supply chains continues to hurt that corner of the continent’s economy. The cost of hauling 40-foot boxloads of goods to Rotterdam from Shanghai surged to $13,787 per unit, according to Drewry Shipping. The average at this time of year over the prior five years ...

Bloomberg A likely moderation in US hiring in the monthly employment report will give policy makers a measure of the health of the labour market and the threat posed by the delta variant of the coronavirus. The US probably added 750,000 jobs in August, a slowdown from June and July but well above the pace seen earlier this year, according ...

Bloomberg Germany is seeing its biggest surge in imported inflation since the early 1980s, putting a price tag on the difficulties businesses are facing to secure inputs amid a worsening supply squeeze. In July, goods arriving in the country from abroad were 15% more expensive than a year ago, data show. The cost of basic goods increased about 19% and ...

Bloomberg House prices in the UK suburbs outpaced those in city centers during the pandemic as people traded shorter commutes for gardens and indoor space to work from home, figures show. In the areas surrounding major cities, property values grew an average 10.8% between March 2020 and June this year, according to mortgage lender Halifax, whose figures exclude London. For ...

Bloomberg The odds Audi decides to start building vehicles in the US are rising as parent Volkswagen AG electrifies its lineup, the luxury-car maker’s chief executive officer said. The VW group’s strategy to bring down the cost of electric vehicles involves developing common platforms to underpin models across its many brands to conserve costs. The first, dubbed MEB, is the ...

Bloomberg Delta cases. Inflation. Fed tapering. China’s crackdown. These are among the reasons why investors could soon get more nervous about this stock market. The S&P 500 hit another record after Jerome Powell’s dovish taper speech reassured investors. However, the mood seems more cautious compared with a few weeks ago, when companies were in the middle of a record-setting earnings ...

Bloomberg Chinese tech stocks’ best weekly rally since January may not be enough to persuade some investors to return to a market still reeling from an unprecedented private-industry assault. JPMorgan Asset Management is waiting for clearer policy signals, while Amundi believes Beijing’s new focus on data protection means uncertainty will remain high for internet companies. Martin Currie Investment Management, which ...

Bloomberg The Organisation of Petroleum Exporting Countries (Opec) and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble. The coalition led by Saudi Arabia and Russia is gradually restoring the vast amount of crude production halted during the pandemic, and will probably ...

London / WAM The World Nuclear Association (WNA) congratulated the UAE for successful start-up of second unit at Barakah Nuclear Power Plant. The Emirates Nuclear Energy Corporation (Enec) announced that its operating and maintenance subsidiary, Nawah Energy Company (Nawah) has successfully started up Unit 2 of the Barakah Nuclear Energy Plant, located in Al Dhafra Region of Abu Dhabi. This ...

Abu Dhabi / WAM Women make over 25 percent of the total workforce in Tawazun Holding, while accounting for 10 percent of technical and technology related jobs in the company, said Tareq Abdulraheem Al Hosani, Chief Executive Officer of Tawazun Economic Council. He added that Tawazun Holding’s management believes in the important role of women and seeks to provide opportunities ...