March, 2022

• 4 March

  US hiring booms as wage growth slows

  

    Bloomberg US hiring boomed in February while wage growth slowed, showing a strong labor market that likely keeps the Federal Reserve on track to raise interest rates this month while offering some respite from strong inflationary pressures. Nonfarm payrolls increased 678,000 last month— the most since July — after upward revisions in the prior two months, a Labor Department ...

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• 4 March

  East Europeans widen interventions to shield their currencies from war

  

    Bloomberg The European Union’s eastern nations are stepping up market interventions to protect their currencies from a selloff triggered by Russia’s invasion of Ukraine. The Czech central bank sold foreign currency on the market on Friday, joining the monetary authority in Poland, which intervened for the third time this week, according to people familiar with the transactions. Meanwhile, Hungary’s ...

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• 4 March

  Chile copper production seen recovering

  Bloomberg Chilean copper production is expected to recover from the leanest January in more than a decade to register a similar annual haul as last year, according to the president of the country’s mining society. The world’s biggest supplier saw output slide 7.5% from January 2021, with lower ore quality and water scarcity among the reasons. In some cases, the ...

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• 4 March

  Commodities soar as war raises anxiety over supply shortages

  

    Bloomberg Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches. Prices from crude and aluminum to wheat soared, as raw materials stage their most stunning weekly surge since 1974 during the days of the oil crisis. Russia’s growing isolation is choking off a major source of energy, ...

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• 4 March

  Futures drop, European stocks slide as Ukraine war escalates

  

    Bloomberg US futures slid and European equities tumbled to a one-year low as war risks intensified after a Ukrainian nuclear power plant briefly caught fire. Contracts on US gauges signalled more losses for Wall Street as investors awaited the monthly jobs report. Europe’s Stoxx 600 benchmark fell nearly 3%, poised for its worst week since March 2020. An Asian ...

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• 4 March

  Ukraine conflict: Asia stocks slump to 16-month low

  

    Bloomberg Asian stocks tumbled to their lowest since November 2020 as signs Russia’s attack on Ukraine is intensifying further roiled financial markets. The MSCI Asia Pacific Index fell as much as 1.8%, as Ukrainian officials said Russian forces have occupied the site of Europe’s largest nuclear power plant after an attack that caused fire. The gauge is now down ...

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• 4 March

  UAE highlights achievements in protecting human rights

  

  GENEVA / WAM Dr Anwar Gargash, Diplomatic Advisor to the UAE President and Chairman of the National Human Rights Committee, has delivered the UAE’s speech at the 49th session of the United Nations Human Rights Council, in Geneva. During the virtual session, Dr Gargash showcased the UAE’s achievements in protecting human rights, including plans to enhance its efforts under its ...

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• 4 March

  Ramadan working hours for public sector announced

  ABU DHABI / WAM The UAE Government announced the official working hours during the Holy Month of Ramadan for ministries and federal authorities. According to the resolution, the official working hours for federal authorities will be from 9:00 to 14:30 on Mondays to Thursdays, and from 9:00 to 12:00 on Fridays. The resolution also allows federal authorities to implement flexible ...

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• 4 March

  UAE and Latvia launch six-track economic cooperation program

  

    ABU DHABI / WAM The UAE and the Republic of Latvia have agreed on a six-track economic cooperation programme covering the fields of trade and investment; innovation and advanced technology; transportation and logistics; agriculture; food; education; and science, during the 2nd Joint Economic Committee (JEC) session held in Dubai. The session was chaired by Dr Thani bin Ahmed Al ...

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• 4 March

  G42 Cloud enters deal to drive innovation

  

    ABU DHABI / WAM G42 Cloud, a subsidiary of G42, a UAE based Artificial Intelligence and Cloud Computing provider, and Tahaluf Al Emarat have announced a collaboration to provide next-generation applications and Software as a Service (SaaS) to enterprises and government entities in the UAE and across key International markets. G42 Cloud and Tahaluf Al Emarat — a UAE ...

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