August, 2021

• 31 August

  UK companies boost wages, prices amid reopening boom

  

  Bloomberg British companies are expecting to raise prices and boost wages amid the strongest business confidence in more than four years, according to a survey published on Tuesday. More than a third of firms anticipate increasing wages by at least 2%, reflecting labour shortages, and almost half plan price hikes, the latest Lloyds Business Barometer shows. Overall confidence rebounded to ...

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• 31 August

  Denmark to raise growth forecast to 3.8% for 2021

  Bloomberg Denmark will raise its 2021 economic growth forecast to 3.8% from 2.4% seen in May as the Nordic nation recovers faster than expected from the pandemic, according to documents seen by Bloomberg. The government will lower its 2022 gross domestic product growth estimate to 2.8% from 3.6% to reflect improved outlook in the 2021 base year, according to the ...

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• 31 August

  US consumer sentiment falls to near-decade low in August

  

  Bloomberg US consumer sentiment remained weak in late August amid ongoing concerns over inflation and the coronavirus pandemic. The University of Michigan’s final sentiment index falls to a near-decade low of 70.3 during the month from 81.2 in July, data showed. The figure was in line with the preliminary reading and just below the median estimate of 70.8 in a ...

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• 31 August

  Polish inflation soars to 5.4% in August

  Bloomberg Polish inflation surged to its highest level in two decades, piling pressure on policy makers to ditch their dovish stance and increase interest rates in the coming months. Consumer prices rise 5.4% from a year earlier in August, after a 5% increase in July, according to data. That exceeded the 5.1% median estimate in a Bloomberg survey. The Monetary ...

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• 31 August

  Euro-area inflation jumps to decade-high 3% in test for ECB

  

  Bloomberg Euro-area inflation jumped to the highest in a decade in August, testing policy makers’ insistence that a post-crisis spike in cost pressures should prove temporary. Consumer prices rise 3%, exceeding the predictions of all 37 economists in a Bloomberg survey. A measure of core inflation that strips out volatile items such as energy and food reached 1.6%, the highest ...

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• 31 August

  Buffett’s $2b Japan gain yet to lure followers a year on

  

  Bloomberg Warren Buffett shocked Tokyo markets last August with a $6 billion bet on the country’s five largest trading houses. One year on, his investments are paying off. Amid the surge in commodity prices, the collective value of Berkshire Hathaway Inc’s stakes in the five “sogo shosha” has risen by about $2 billion. That gain of more than 30% has ...

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• 31 August

  Big Tech drives S&P 500 to 12th record in August

  

  Bloomberg Stocks climbed, led by some of the world’s largest technology companies. Traders also assessed the impacts from Tropical Storm Ida, which sank insurers and energy firms, while pushing gasoline higher. The S&P 500 notched its 12th all-time high in August, and the Nasdaq 100 rallied as Apple Inc’s market value topped $2.5 trillion. Robinhood Markets and Charles Schwab Corp. ...

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• 31 August

  Zaki Nusseibeh welcomes latest cohort of UAE’s future diplomats

  

  ABU DHABI / WAM Zaki Nusseibeh, Cultural Advisor to the UAE President and Member of the Board of Trustees of the Anwar Gargash Diplomatic Academy (AGDA) offered his greetings to the new cohort of Emirati students and future diplomats during the Academy’s orientation on Monday. The UAE’s leading diplomatic centre welcomed more than 60 students to its three programmes which ...

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• 31 August

  President confers Medal of Independence on Mali envoy

  ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan has conferred the Medal of Independence of the First Order on Boukary Sidibe, Ambassador of Mali to the UAE, on the occasion of the end of his tenure in the country. Sheikh Shakhbout bin Nahyan bin Mubarak Al Nahyan, Minister of State, presented Ambassador Al Sidibe with the ...

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• 31 August

  GCC-India talks on FTA progressing fast: Goyal

  

  NEW DELHI / WAM India’s discussions for concluding a Free Trade Agreement (FTA) with the GCC are “progressing fast”, the Minister for Commerce, Industry and Consumer Affairs, Piyush Goyal, said. Addressing a large cross-section of India’s business through the platform of the Jain International Trade Organisation, Goyal specifically cited the UAE as among the countries with which his Ministry is ...

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