July, 2021

• 1 July

  Euro-area confidence at highest in 21 years as economy reopens

  

  Bloomberg Confidence in the euro-area economy improved to the highest level in more than two decades in June as a reopening of shops, restaurants and other services propelled the region’s recovery from the pandemic crisis. A European Commission sentiment index increased to 117.9, exceeding almost all estimates in a Bloomberg survey. The gain was driven by surging optimism in services, ...

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• 1 July

  German joblessness declines as shops, restaurants reopen

  Bloomberg German joblessness slid for a second straight month in June, signaling a robust recovery as falling coronavirus infections allow shops, restaurants and cultural venues to reopen. The decline of 38,000 was almost twice as high as expectations, and put total number of unemployed at 2.69 million. The unemployment rate was 5.9%, matching previous month, which was revised lower. Germany ...

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• 1 July

  Musk’s Starlink to deliver internet nearly worldwide within weeks

  

  Bloomberg Elon Musk’s satellite network Starlink is on track to beam broadband internet everywhere in the world except the polar regions by August. Space Exploration Technologies Corp has launched more than 1,500 satellites so far and has Starlink operations in about a dozen countries, Musk said during a presentation at the Mobile World Congress conference. That’s costing a lot. SpaceX’s ...

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• 1 July

  Italy plans to end ban on firing workers

  Bloomberg Prime Minister Mario Draghi’s government plans to end a ban on firing workers in manufacturing and construction sectors, removing protections that have been in place since the start of the coronavirus pandemic in a sign of Italy’s recovery. The move threatens to open a rift with some left-leaning parties in Draghi’s coalition. Unions called on the government to extend ...

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• 1 July

  Inflation eats at rising US wages with Biden agenda at stake

  

  Bloomberg Americans are enjoying outsized pay boosts this year from desperate employers, but the raises are failing to keep pace with surging prices for everyday goods. US wages likely posted a third strong monthly gain to fuel a 3.6% increase in June from a year earlier, according to economists’ forecasts ahead of the Labour Department’s jobs report. Companies including FedEx ...

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June, 2021

• 30 June

  Europe stocks drop with futures, dollar advances

  

  Bloomberg European stocks dropped with US futures on Wednesday as risks from a highly infectious coronavirus strain appeared to outweigh growing confidence in the global economic recovery. The Stoxx Europe 600 Index declined 0.7%, with cyclical shares bearing the brunt of the losses. Airlines struggled as fears of the more contagious Delta variant continue to spur tourism curbs in the ...

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• 30 June

  Asia startups facing tougher IPO market as Krafton deal looms

  

  Bloomberg Asia’s stock listing aspirants will likely face a less generous market following a first-half sales boom, as bubbly valuations and nervousness about US monetary policy make investors more cautious. Firms in Asia have raised $82 billion through initial public offerings so far this year, the most ever for a first half, and beating the previous record of $63 billion ...

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• 30 June

  Etihad Rail chief inaugurates Abu Dhabi-Dubai track laying

  

  ABU DHABI / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, has inaugurated track-laying works at the Seih Shuaib site, which is the centre point for track-laying running to Abu Dhabi and Dubai. Sheikh Theyab reviewed the latest progress during a 10-kilometre trip aboard an inspection ...

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• 30 June

  Adnoc, Reliance ink partnership for world-scale chemical projects

  

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) on Tuesday announced that Reliance Industries Limited (Reliance), has signed an agreement to join a new world-scale chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at Ta’ziz in Ruwais, Abu Dhabi. The agreement capitalises on growing demand for these critical industrial raw materials and leverages the strengths of Adnoc ...

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• 30 June

  Sheikh Mohamed, Ethiopian PM review regional developments

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Abiy Ahmed, Ethiopian Prime Minister, have discussed means to foster cooperation in different sectors for the benefit of the two sides. This came in a phone call Sheikh Mohamed received from the Ethiopian ...

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