May, 2021

• 19 May

  Biden eyes more US jobs in expansion of vaccine sharing abroad

  

  Bloomberg President Joe Biden began to make good on his promise that the US would be an “arsenal” of coronavirus vaccines for the world, announcing he’d share FDA-authorised shots after criticism that his administration had hoarded hundreds of millions of doses. But he also signaled that he intends for US manufacturers to hold or grow their share of the global ...

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• 19 May

  Apple’s EU battles set to heat up as Epic US trial plays out

  

  Bloomberg While Apple Inc.’s attentions turned to a California court clash with Epic Games Inc, Europe’s top antitrust enforcer issued a reminder that the tech giant’s legal battles across the Atlantic are also heating up. EU Competition Commissioner Margrethe Vestager warned that a probe into the company’s Apple Pay product is moving ahead on top of an investigation into how ...

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• 19 May

  World’s oranges, coffee at risk as Brazil runs out of water

  

  Bloomberg Brazil, the world’s biggest exporter of coffee, sugar and orange juice, just had a rainy season that brought hardly any rain. Soils are parched and river levels are low in the nation’s Center-South region, a powerhouse of agricultural output. The drought is so severe that farmers are worried they’ll run out of the water reserves that help keep crops ...

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• 19 May

  Euro-area businesses slash jobs

  

  Bloomberg Euro-area businesses shed jobs at the start of the year after strict lockdowns pushed the economy into a double-dip recession. Employment in the 19-nation region falls by 0.3% in the first quarter after two consecutive gains. The economy shrinks 0.6% in the same period, matching an initial estimate. Since then, the outlook for the euro zone has improved. Coronavirus ...

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• 19 May

  US futures surge with stocks as dollar retreats, oil climbs

  

  Bloomberg Stocks and US futures rise on Tuesday as optimism that economic re-openings will boost growth outweighed concern about a pick-up in virus cases in parts of Asia. The dollar dipped and oil rises. The Stoxx Europe 600 Index climbed back towards a record reached last week, while contracts on the Nasdaq 100 Index led gains in US futures after ...

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• 19 May

  Tokyo stock exchange mulls longer trading hours, says Nikkei

  

  Bloomberg The Tokyo Stock Exchange is considering expanding trading hours for cash equities in a move designed to attract retail investors and foreign traders, the Nikkei newspaper reported, without citing anyone. The bourse, which ends trading at 3 pm Tokyo time, is considering expanding hours into the afternoon or evening in a change that could be in time for a ...

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• 18 May

  Oil dips below $65 as investors assessing near-term demand

  

  Bloomberg Oil drifted lower as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. Futures in New York slipped near $65 a barrel while Brent fell towards $68 in London as the dollar nudged higher. Chinese refiners have churned through record volumes of crude so far this year, but ...

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• 18 May

  Etihad Rail inks deal to build digital logistics services

  

  ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, has signed an agreement with Transportr, a leading company in digital freight services. Through the cooperation, Etihad Rail and Transportr will work together to streamline services in the logistics sector through digital solutions, such as booking, tracking, and multi-modal connectivity, providing a complete digital ...

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• 18 May

  Abu Dhabi to host first World Utilities Congress

  Abu Dhabi / WAM The Abu Dhabi National Energy Company PJSC (TAQA) will host the World Utilities Congress, a new global exhibition addressing the future of low carbon power and water supplies, at the Abu Dhabi National Exhibition Centre (Adnec) from May 9-11, 2022. Organised by dmg events, the in-person event is supported by the UAE’s Ministry of Energy & ...

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• 18 May

  ADEX, TDB to bolster UAE-African trade through $30m facility pact

  

  ABU DHABI / WAM Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $30 million (AED110.19 million) line-of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the Bank’s Member States. The first of its kind to be signed by ADEX ...

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