July, 2022

• 13 July

  Millions of Americans regret quitting in Great Resignation

  

  Bloomberg About 20 million Americans quit their jobs in the first five months of this year, in what’s come to be known as the Great Resignation. Many now regret the decision, according to a new survey. More than one-quarter of those who left work are reconsidering whether they made the right move, according to a study of more than 15,000 ...

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• 13 July

  German investor confidence sinks to worst

  

    Bloomberg Investor confidence in Germany’s economy slumped to the lowest since 2011 as the country faces the growing prospect of a recession and risks mount that it’s shut off from Russian energy supplies. Snapping two months of gains, the ZEW institute’s gauge of expectations falls to -53.8 in July from -28 in the previous month, missing economists’ estimates. An ...

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• 13 July

  Almost 4.5mn UK families in serious financial trouble

  

    Bloomberg The number of UK households facing acute financial strain has risen by almost 60% since October and is now higher than at any point during the coronavirus pandemic, a survey found. The abrdn Financial Fairness Trust and researchers at the University of Bristol estimated that 16 percent of households, or 4.4 million, are in “serious financial difficulties” and ...

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• 13 July

  Bosch to boost chip supplies in Europe

    Bloomberg Germany’s Robert Bosch GmbH is making a bigger bet on semiconductors with plans to spend 3 billion euros ($3 billion) to help ease a worldwide shortage of computer chips that has crimped vehicle production. The auto-parts supplier said on Wednesday it will make the investment by 2026 as part of European Union and German government efforts to double ...

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• 13 July

  Front-running scandal rocks a $31b Indian investing giant

  

  Bloomberg A sprawling regulatory probe that’s ensnared the Indian partner of Schroders Plc is roiling one of the nation’s largest asset managers and is poised to shake up India’s $465 billion mutual fund industry. Axis Asset Management Co., which is India’s seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, ...

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• 13 July

  Stocks, futures mixed before US inflation data

  

  Bloomberg American equity futures edged higher on Wednesday while stocks in Europe dipped in cautious trading dominated by a dimming economic outlook and an anxious wait for data that may show US inflation at a fresh four-decade high. S&P 500 and Nasdaq 100 futures posted modest gains after yet another volatile day that ended with both gauges solidly in the ...

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• 13 July

  Worst of global energy crisis may still be ahead, says IEA

  

    Bloomberg A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency (IEA). “The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA Executive Director Fatih Birol said on Tuesday at a ...

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• 13 July

  ERC’s sacrificial meat drive benefits 1.4 million people

    Abu Dhabi / WAM This year, the Emirates Red Crescent (ERC) launched its sacrificial meat campaign in 57 countries, benefitting 1,484,432 people. Since the first day of Eid Al Adha, the ERC has distributed sacrificial meat through its foreign offices and the UAE’s embassies in a number of countries, in cooperation with the charity and humanitarian organisations. This year, ...

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• 13 July

  Dewa: Microfiltration units in Hatta 54% complete

  

    Dubai / WAM Dubai Electricity and Water Authority (Dewa)’s construction of 3 million imperial gallons per day (MIGD) Water Microfiltration Units in Hatta is 57% complete. The project will be completed by the end of this year. These units refine and sterilise the water of Hatta dam to use it only in emergencies. The units will be used in ...

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• 13 July

  AD Ports signs milestone deal to support Hayat’s global expansion

  

    Abu Dhabi / WAM AD Ports group and Hayat Biotech signed a memorandum of understanding to support Hayat Biotech’s global logistics and distribution efforts through AD Ports group’s advanced pharma logistics network, which includes its cold & ultra-cold pharma hub based in Kizad. Specifically, the partnership will help facilitate Hayat Biotech’s efforts to set up manufacturing centres around the ...

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