September, 2020

• 5 September

  BOE rate cuts aren’t lowering mortgage costs

  Bloomberg UK home buyers returning to the market after the coronavirus lockdown are finding they’re not benefiting from record-low central bank interest rates. Five months after the Bank of England (BOE) slashed its benchmark to 0.1%, mortgage rates have barely changed as banks fret about risks. For people with smaller deposits, average borrowing costs actually increased by more than half ...

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• 5 September

  Apple preparing 75mn 5G iPhones alongside new watches, iPad

  

  Bloomberg Apple Inc. has asked suppliers to build at least 75 million 5G iPhones for later this year, roughly in line with last year’s launch, in a sign that demand for the company’s most important product is holding up in the midst of the global pandemic and recession. The Cupertino, California-based technology giant anticipates shipments of these next-generation iPhones may ...

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• 5 September

  Apple, Google update Covid-19 alert system to increase adoption

  

  Bloomberg Apple Inc. said the ability to use contact tracing without an app will roll out to iPhones, while Google said Android devices will get this capability in a more limited form later this month. The companies said this will increase adoption of the system, which has begun to identify Covid-19 exposures. It will still only work in regions where ...

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• 5 September

  French, Spanish car sales drop

  Bloomberg Car sales fell in France and Spain in August, erasing gains made during the previous months and damping hopes for a rapid recovery from the coronavirus pandemic in Europe. French passenger car registrations dropped by a fifth compared with the same month last year, according to CCFA figures. The total of 103,635 was the lowest since May, when showrooms and ...

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• 5 September

  Amazon buys electric Mercedes vans in green effort

  

  Bloomberg Amazon.com Inc. is buying 1,800 electric delivery vans from Daimler AG’s Mercedes-Benz, the retailer’s biggest commitment to date to cut the carbon footprint of its delivery operations in Europe. The deal, for the German automaker’s eSprinter and eVito models, will be complete by the end of the year, Amazon said in a statement. It comes two years after Amazon ...

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• 2 September

  Deal signed to boost Emirati medical cadres’ capabilities

  

  Dubai / WAM The Dubai Health Authority (DHA) and Higher Colleges of Technology (HCT) signed a Memorandum of Understanding (MoU) on Wednesday to strengthen the capabilities of Emirati medical cadres. The MoU will contribute towards developing human capabilities specialising in various healthcare fields, raising the efficiency of health personnel, and supporting the health sector. Humaid Al Qutami, Director-General of the ...

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• 2 September

  Adnoc, Apollo-led consortium ink $5.5 billion real estate deal

  

  Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Wednesday, that it has entered into a long-term strategic investment with accounts and entities owned and/or advised by Apollo Global Management Inc. and its subsidiaries (collectively “Apollo”), one of the world’s largest alternative investment managers, and a group of institutional investors, for an underlying real estate portfolio ...

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• 2 September

  Germany raises $7.7bn from debut green bond

  

  Bloomberg Germany racked up near-record demand for a bond sale in its debut green debt offering, grabbing nearly a tenth of the growing global market. It raised $7.7 billion from the 10-year sale, with demand more than five times that at 33 billion euros. The strong investor interest meant it priced one basis point tighter to the existing conventional bond. ...

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• 2 September

  Oil climbs on signs US crude stockpiles drop

  

  Bloomberg Oil rises on signs a glut was easing with US crude stockpiles shrinking for a sixth week. The American Petroleum Institute reported crude inventories dropped by 6.36 million barrels last week, according to people familiar with the figures. That would be the longest run of declines this year if confirmed by government data. Yet, there are lingering concerns about ...

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• 2 September

  Emirates set to resume flights to Accra, Abidjan

  DUBAI / WAM Emirates has announced it will resume flights to Accra, Ghana and Abidjan, Ivory Coast from September 6. The addition of these two destinations takes the total number of points served by Emirates in Africa to 11. According to a press release issued by the airline on Wednesday, this will take the airline’s passenger network to 81 destinations in ...

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