Bloomberg Colombia’s central bank cut interest rates to a record low in a split decision after inflation slowed below its target and the weak recovery left a quarter of urban workers still jobless. Four of the bank’s seven-member board voted to reduce the benchmark rate by a quarter percentage point to 1.75%, Governor Juan Jose Echavarria said after the meeting. ...

Bloomberg Canada’s stock market is on pace for its first monthly loss since the coronavirus pandemic rocked global markets in March, signalling investors should brace for a wild ride ahead. The problem today, as it was in the spring, is the spread of Covid-19. Virus cases are rising rapidly in parts of the world that seemed to have the problem ...

Bloomberg Day traders claiming bragging rights for this year’s $9 trillion US equity rebound can find some supporting evidence in the latest research. Even as retail trading has grown to represent 20% of daily volume, Wall Street has struggled to figure out how much this modest-sized contingent actually influences prices. After all, the market is teeming with algorithmic funds, long-only ...

Bloomberg UK government borrowing soared to 173.7 billion pounds ($222 billion) in the first five months of the fiscal year as the costs of the coronavirus pandemic continued to mount. The budget deficit in August alone was 35.9 billion pounds, the Office for National Statistics said. Britain now has borrowed more since a national lockdown was imposed in March than ...

Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada), which is part of the ADQ, has completed all the summer maintenance works pertaining to 101 schools across Abu Dhabi, Al Ain and Al Dhafra regions at a total cost of approximately AED26.2 million. The company was keen on completing the maintenance and renovation works as per the agreed ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Saturday that it conducted 98,168 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 1,078 new coronavirus cases, bringing the total number of cases in the UAE to 90,618. The ministry also noted an ...

Bloomberg Oil falls this week amid growing concerns that another wave of the coronavirus pandemic will spark tighter lockdown measures and further stifle crude demand. New York futures edged lower and drop 2.1% on the week. The number of US coronavirus cases rise above 7 million, according to data from Johns Hopkins University. Meanwhile, a second governor tested positive for ...

Abu Dhabi / WAM The 14th edition of Al Dhafra Festival, the greatest celebration of Bedouin lifestyle, will be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, from November 5 to January 29, 2021 in Medinat Zayed, Dhafra Region, said the ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, was briefed about the new strategy of the Mohammed bin Rashid Space Centre (MBRSC) 2021-2031 launched by the centre on Saturday to shape its work in the coming decade to enhance global competitiveness and strategic partnerships of space ...

Dubai / WAM Jebel Ali Free Zone (Jafza), DP World’s flagship Free Zone and the leading business and logistics hub in the UAE, has entered into a strategic agreement with The Federation of Israeli Chambers of Commerce (FICC), in a concentrated effort to support businesses and encourage economic cooperation. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, ...