September, 2021

• 26 September

  Employers baffled as US benefits end, jobs go begging

  

  Bloomberg Emergency unemployment benefits in the US expired two weeks ago, but employers who expected an increase in job applications are still largely waiting for them to roll in. Federal programs that had offered an extra $300 per week for jobless Americans, provided extended benefits for the long-term unemployed and gave special aid for the self-employed expired on September 6. ...

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• 26 September

  Facebook spent $13 billion on safety, security

  

  Bloomberg Facebook Inc said it has spent more than $13 billion on safety and security efforts since the 2016 US election, and now has 40,000 employees working on those issues. The 40,000 safety and security workers include outside contractors who focus on content moderation, a spokesman said. Facebook said it had over 35,000 safety and security employees in October 2019. ...

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• 26 September

  Ford, Redwood to partner on recycling EV battery materials

  

  Bloomberg Redwood Materials Inc, the startup founded by Tesla alum J.B. Straubel, has formed a partnership with Ford Motor Co to recycle and reuse key ingredients within the lithium-ion batteries that will power the automaker’s burgeoning fleet of electric vehicles. The goal of the partnership is to create a closed loop for EV battery production within the US. Ford will ...

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• 26 September

  Mercedes-Benz plans $8.2bn European battery venture

  

  Bloomberg Daimler AG will team up with Stellantis NV and TotalEnergies SE to boost the scale of their European battery venture to more than 7 billion euros ($8.2 billion) and secure supplies for electric Mercedes-Benz cars. The world’s biggest luxury-car maker will take a 33% stake in battery manufacturer Automotive Cells Company, whose projects will be financed through equity, debt ...

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• 26 September

  Apple Watch series 7 may be delayed

  Bloomberg Apple Inc’s upcoming smartwatch is suffering production snags as manufacturers adjust to a new design, likely leading to shipment delays or supply constraints, according to a person familiar with the situation. The device is expected to have a larger screen, alongside a faster processor, Bloomberg has reported. The upgrade has brought manufacturing challenges, according to the person, who asked ...

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• 23 September

  VP announces AED65 billion housing project for Emiratis

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the allocation of AED65 billion to an Emirati housing programme in Dubai. The budget will be spent over the next two decades to provide quality housing for Emiratis. His Highness also issued directives to quadruple the ...

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• 23 September

  UAE, India seek to double trade to $100 billion in next five years

  

  Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led an official delegation to New Delhi to launch talks on expanding trade and investment relations. During the official economic mission, Dr. Al Zeyoudi and Shri Piyush Goyal, India’s Minister of Commerce and Industry, jointly established the India – United Arab Emirates Comprehensive ...

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• 23 September

  UAE eases face mask rules in some public places

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) and the National Emergency Crisis and Disasters Management Authority (NCEMA) announced on Wednesday that it is not mandatory to wear a face mask in certain places while keeping a safe physical distance of two metres. According to new decision, face masks will no longer be mandatory when exercising in ...

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• 23 September

  Adnoc increases size of drilling unit IPO to 11%

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that, following approval from the UAE Securities and Commodities Authority (SCA), it increased the number of ordinary shares offered in the Initial Public Offering (IPO) of Adnoc Drilling from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares, which equates to 11 percent of Adnoc Drilling’s total issued ...

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• 23 September

  Dubai’s real estate deals reach AED14.97bn in August 2021

  

  DUBAI / WAM Dubai’s real estate market is witnessing continuous growth and increased investment attractiveness on the cusp of the largest international event in the region, Expo 2020 Dubai. According to the 18th edition of Mo’asher, Dubai’s official sales price index, launched by Dubai Land Department (DLD) in cooperation with Property Finder, August 2021 is the second-highest month since December ...

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