Bloomberg Canada’s labour market weakened for a second month amid widespread restrictions to control a third wave of Covid-19. The economy lost 68,000 jobs in May, Statistics Canada reported in Ottawa. That adds to the 207,100 positions lost in April. The unemployment rate rises to 8.2%, from 8.1%. Economists in a Bloomberg survey had predicted a loss of 25,000 jobs, ...

Bloomberg A bullish case is building for emerging-market stocks, which have trailed their developed-nation peers this year, with strategists saying the asset class is better positioned to benefit from a global reopening. There are already signs the gap is narrowing, with the MSCI Emerging Markets Index last month outperforming the MSCI World Index for the first time since January. Relatively ...

Bloomberg Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the $11 trillion industry is far from immune. The remarkable surge in shares of AMC Entertainment Holdings Inc and a handful of other stocks is showing up in multiple exchange-traded funds (ETFs), skewing portfolios, altering risk profiles and exerting ...

Bloomberg The trade relationship between the two largest economies in the world has “significant imbalance” and the Biden administration is committed to leveling it, according to the US trade representative. “There are parts of this trade relationship that are unhealthy and have over time been damaging in some very important ways to the US economy,” Trade Representative Katherine Tai told ...

ABU DHABI / Emirates Business Abu Dhabi Terminals, in the presence of His Excellency Omar bin Sultan Al Olama, UAE Ministry of Artificial Intelligence (AI), has announced a partnership agreement with Microsoft that heralds the next phase in the digital transformation of Abu Dhabi’s flagship maritime asset, Khalifa Port. The landmark partnership will enable enhanced container tracking and autonomous shuttle ...

ABU DHABI / WAM Under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Abu Dhabi International Book Fair (ADIBF) has concluded a successful 30th edition. The fair’s return as a physical event saw an impressive footfall and registered a significant increase in book sales ...

Bloomberg India last month collected 1.03 trillion rupees ($14 billion) under the goods and services tax, lower than a record mop-up of 1.41 trillion rupees in April, as key cities remained under strict curbs to check the spread of new coronavirus infections. Revenue collection was 27% lower than April but remained above a trillion rupees for the eighth month in ...

ABU DHABI / WAM Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, announced a 50% increase in new establishments that opened a registry in the ministry during the first four months of 2021 compared to the same period in 2019. During that period, the number increased from 17,701 in 2019 to 26,609 establishments in 2021, with expectations ...

Abu Dhabi / WAM Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, has announced a 50 percent increase in new establishments that opened a registry in the ministry during the first four months of 2021 compared to the same period in 2019. During that period, the number increased from 17,701 in 2019 to 26,609 establishments in 2021, ...

Abu Dhabi / WAM Under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Abu Dhabi International Book Fair (ADIBF) has concluded a successful 30th edition. Organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and managed by the Abu ...