Bloomberg German businesses are growing increasingly concerned that a global supply squeeze and rising infections will damp the economic recovery. A gauge by the Munich-based Ifo Institute falls to 99.4 in August from 100.7 in July, more than economists predicted in a Bloomberg survey. An index measuring expectations also falls, while current conditions were judged more favourably. Strong consumer spending ...

Bloomberg Pfizer Inc, maker of a top-selling Covid vaccine, will buy all the shares of Trillium Therapeutics Inc it doesn’t own, gaining the immune cancer drugmaker for an equity value of $2.26 billion. Pfizer will pay $18.50 a share for Cambridge, Massachusetts-based Trillium, the companies said in a statement. The price represents a 118% premium to the stock’s 60-day weighted ...

Bloomberg Britain’s construction, manufacturing and food preparation industries are pushing wages higher across the economy due to a shortage of workers to fill available jobs. Building companies increased advertised pay by 6.7% from February to July 2021 to draw more workers into the industry, according to data from jobs site Indeed. That compares with wage growth of just 0.8% across ...

Bloomberg Stocks and US futures were steady as a rebound in Chinese technology shares stalled and markets settled into a holding pattern ahead of the Federal Reserve’s Jackson Hole policy symposium later this week. The Stoxx Europe 600 index posted a modest gain at the open, while contracts on the S&P 500 and Nasdaq 100 fluctuated after the indexes reached ...

Bloomberg Securities and Exchange Commission (SEC) Chair Gary Gensler has a warning for hundreds of Chinese companies that have raised billions of dollars in US markets: Submit to more scrutiny soon or get kicked out. In an interview, he pledged to strictly enforce a three-year deadline that requires Chinese firms to permit inspections of their financial audits. If businesses refuse, ...

ABU DHABI / WAM The value of foreign aid provided by the UAE from 2010 to 2021 totalled AED206.034 billion ($56.14 billion), further confirming its ongoing support of global efforts to achieve peace and prosperity and provide developmental, humanitarian and charitable aid to many developing countries. This data was published in a report by the Ministry of Foreign Affairs and ...

Bloomberg Oil prices gained for a second session, building on the biggest one-day gain in five months, amid glimmers of optimism among bulls that the Delta coronavirus variant’s hit to demand may be passing. Brent futures topped $70 a barrel, after falling below that level last week, when the market underwent its longest sell-off in years on concern about demand ...

ABU DHABI / WAM The UAE has strongly condemned the Iran-backed Houthi terrorist militias’ systematic attempts to attack civilians and civil objects in Khamis Mushait, Saudi Arabia with an explosive drone, which was intercepted by the Coalition Forces. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC) on Tuesday, the UAE reiterated that these recurrent terror ...

DUBAI / WAM Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) received Hon. CHO, Eung Cheon, Vice-Chairman of Land Infrastructure and Transport Committee, Hon Lee Hun Seung, Vice-Chairman of Land Infrastructure and Transport Committee of the Republic of Korea. The visiting Korean officials were accompanied by Moon, Byung-Jun, Consul ...

ABU DHABI / WAM Adnoc Logistics & Services, the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (Adnoc), on Tuesday announced the acquisition of six-line boats to provide critical marine services across petroleum ports in Abu Dhabi. All six vessels are the Damen Stan Tug 1606 type and were contracted directly from Sharjah-based Albwardy Damen, as ...