February, 2022

• 7 February

  S Africa’s Ramaphosa may restrict foreigners from some jobs: Report

    Bloomberg South African President Cyril Ramaphosa may impose limits on the types of jobs that foreigners can apply for, Business Day reported, without saying where it got the information. The South African cabinet is considering the proposal that was discussed at recent talks between the ruling African National Congress and its alliance partners, the South African Communist Party and ...

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• 7 February

  Canada lost 200,000 jobs in January as Omicron hit hard

  

    Bloomberg Canada’s labour market suffered a larger-than-expected setback last month after the nation was hit with fresh lockdowns meant to contain the Omicron variant of Covid-19. The country shed 200,100 jobs in January, Statistics Canada reported from Ottawa, ending a seven-month streak of gains. Economists in a Bloomberg survey were expecting a drop of 110,000. The unemployment rate rise ...

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• 7 February

  UK house prices rise at slowest pace since June, says Halifax

  

    Bloomberg UK house prices rise at the slowest pace in more than six months in January after a bumper end to 2021 left the average value of a home at a record high. Prices rise just 0.3% following four months of gains above 1%, mortgage lender Halifax said on Monday. In a sign of a more normal market, the ...

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• 7 February

  US soybeans in high demand as Brazil’s crop falls short

  

    Bloomberg Soybean buyers stung by a smaller and slower harvest than expected in Brazil are turning to the US for supply, driving up prices and threatening to worsen food inflation. What was expected to be a record crop in Brazil is now looking far smaller, with lower yields and harvest delays due to adverse weather catching traders and end-users ...

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• 7 February

  Italy growth at risk amid rising costs

    Bloomberg Italy’s industrial production may have fallen for a second month in January due to rising energy costs and supply shortages, putting economic growth at “serious risk,” employers lobby Confindustria said. Industrial output declined by an estimated 1.3% in January from a month earlier, after a 0.7% drop in December, the group said in a statement. Production rose 1.9% ...

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• 7 February

  Apple to debut a new low-cost 5G iPhone, iPad in March

  

    Bloomberg Apple Inc. is targeting a date on or near March 8 to unveil a new low-cost iPhone and an updated iPad, according to people with knowledge of the matter, kicking off a potentially record-setting year for product launches. The announcement will mark Apple’s first major event since a new MacBook Pro debuted in October. Like the company’s other ...

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• 7 February

  China stocks climb most in two months in holiday catch-up trade

  

    Bloomberg Chinese shares climbed on their return from a weeklong holiday, with sentiment boosted by Friday’s jump in Hong-Kong listed names and easing concerns about regulatory headwinds for the nation’s battered tech sector. The CSI 300 Index ended up 1.5% on Monday after rising as much as 2.4%. While that marked the benchmark’s best post-Lunar New Year holiday performance ...

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• 7 February

  US equity futures fall; Treasuries stabilise

  

    Bloomberg Stocks in Europe trimmed gains and US index futures dipped as investors took stock of the outlook for monetary policy ahead of key inflation data later this week. Treasury yields and the dollar were stable. The Stoxx Europe 600 index, coming off its longest streak of weekly losses in almost a year, was up around 0.3%, with retail ...

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• 7 February

  Belgium’s King Philippe hails ‘impressive’ Expo 2020 Dubai

  

    Dubai / WAM Belgium celebrated its National Day at Expo 2020 Dubai with a visit by King Phillippe Leopold Louis Marie, as well as a stunning parade and exciting musical performances that showcased the country’s creativity. King Phillippe and Queen Mathilde, accompanied by Pierre-Yves Dermagne, Deputy Prime Minister and Minister of the Economy and Employment; and Sophie Wilmès, Deputy ...

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• 7 February

  Dubai plans to cut carbon emissions by 30% by 2030

  

    DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the Council’s 68th meeting, which took place online. Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, attended the meeting. Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy, also attended along ...

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