April, 2021

• 12 April

  Almost half of UK exporters say sales dropped after Brexit

  

  Bloomberg UK exporters reported lower sales in the first quarter after Covid-19 and the completion of Brexit added to shipping delays, higher transport costs and more extensive paperwork. The British Chambers of Commerce said 41% of businesses had lower revenue from overseas sales in the first quarter of the year, up from 38% in the final three months of 2020. ...

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• 12 April

  England eases lockdown rules after almost 100 days

  Bloomberg Non-essential retailers as well restaurants with outdoor space reopened across England after almost 100 days of lockdown, hoping pent-up demand will translate into strong sales. Retailers from luxury department store Harrods to budget fashion chain Primark have been lining up new spring and summer ranges, while restaurants have been buying tents to host outdoor gatherings in a bid to ...

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• 12 April

  Darktrace plans first major IPO in London

  

  Bloomberg British cybersecurity company Darktrace Plc announced plans for an initial public offering in London, marking the first major company to plan a listing on the exchange after Deliveroo Holdings Plc flopped in its market debut. The IPO is expected to value the company at about $3 billion to $4 billion, a person familiar with the matter said. Darktrace and ...

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• 12 April

  German industrial output falls unexpectedly amid virus curbs

  

  Bloomberg Germany and France, the euro area’s two largest economies, both saw unexpected declines in industrial production in February, suggesting that coronavirus restrictions are increasingly harming parts of the economy that have proved resilient so far. German output dropped 1.6% from the previous month, surprising all but three economists in a Bloomberg survey. Production in France slumped 4.7% and stagnated ...

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• 12 April

  US economy poised for stronger growth, virus a risk: Powell

  

  Bloomberg Federal Reserve Chair Jerome Powell said the US economy is at an “inflection point” with stronger growth and hiring ahead thanks to rising vaccinations and powerful policy support, but Covid-19 remains a threat. “We feel like we’re at a place where the economy is about to start growing much more quickly and job creation coming in much more quickly,” ...

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• 12 April

  Stocks fall from record highs; bond yields rise

  

  Bloomberg US stocks pushed lower while investors weighed the start of corporate earnings season and an influx of bond supply that loom as speedbumps to a roaring rally. Tech shares turned lower again after Nvidia Corp. said it’s offering the company’s first server microprocessors, extending a push into Intel Corp.’s most lucrative market. Intel shares fell more than 4% on ...

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• 12 April

  Rupee tumbles with stocks as virus cases in India hit new record

  

  Bloomberg India’s deepening coronavirus crisis slammed the nation’s stocks and currency on concern it will deliver a fresh blow to an economy that’s only just recovering from the worst contraction in nearly seven decades. The Indian rupee dropped past 75 to a dollar for the first time since August 2020, while the benchmark S&P BSE Sensex Index declined as much ...

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• 12 April

  Goldman’s Kostin says Biden tax plan will slash earnings

  Bloomberg Joe Biden’s tax hike proposals will deal a blow to corporate earnings growth next year, Goldman Sachs Group Inc. strategists warned, highlighting a headwind for US equities following a rally that has pushed prices to record highs. The US president wants to raise corporate income tax to 28% and set a 21% minimum levy on global corporate earnings. The ...

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• 12 April

  UAE launches ‘100 Million Meals’ to help the needy in 20 countries

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has launched ‘100 Million Meals’ campaign to provide food parcels for families and people in need across 20 countries during the Holy Month of Ramadan. Launched as an expansion from last year’s locally-held ’10 Million Meals’ campaign that empowered Covid-19-hit communities ...

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• 12 April

  ADFD financed projects worth AED6.5b in Jordan: Al Suwaidi

  

  ABU DHABI / WAM Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD), stated that the fund has helped finance hundreds of development projects in Jordan costing AED6.5 billion, enabling the Jordanian Government to achieve its economic and social priorities and drive the process of sustainable development. In his statement to the Emirates News Agency (WAM) ...

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