October, 2019

• 22 October

  Three words, 11 million jobs: Draghi’s legacy for euro area

  

  Bloomberg Three words — whatever it takes — defined Mario Draghi’s time as European Central Bank president, but he’s prouder of another number: 11 million jobs. Hardly a public appearance goes by without Draghi mentioning employment growth in the euro zone as a justification for the extraordinary monetary stimulus he’s pushed through since 2011. The focus on jobs might be ...

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• 22 October

  Kosovo’s likely new PM has greater test

  

  Bloomberg When NATO jets bombed Serb forces 20 years ago to push them out of Kosovo, Albin Kurti was packed onto a red bus with other political prisoners to be used as a human shield. He was beaten in custody, convicted of terrorism by a Serb court and sentenced to 15 years in prison. Fearing he’d never leave jail alive, ...

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• 22 October

  Croatia all set to join EU’s visa-free Schengen zone

  

  Bloomberg Six years after Croatia joined the European Union, the Balkan nation is getting a green light from the European Commission to join the bloc’s passport-free Schengen area. The decision was expected to be made public on Tuesday, according to a person with knowledge of the matter, who asked not to be named because the judgment is private. The European ...

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• 22 October

  Latam ‘oasis’ shaken by worst unrest since dictatorship

  

  Bloomberg Just weeks before the worst civil unrest since Chile returned to democracy 29 years ago, President Sebastian Pinera described the country as “a true oasis” amid Latin American turmoil. The billionaire investor-turned-politician isn’t alone in his glowing assessment of a country that regularly tops regional prosperity metrics. However, the deadly upheaval of the past four days shows the chasm ...

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• 22 October

  Trudeau overcomes scandals to win second term as Canada’s PM

  

  Bloomberg Canadian Prime Minister Justin Trudeau won a second term in national elections, displaying once again a remarkable ability to overcome scandal and controversy to remain in power. Trudeau’s Liberal Party won or was leading in 156 of Canada’s 338 electoral districts, as of 1:33 am Ottawa time, losing his majority in parliament and the popular vote, but gaining enough ...

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• 22 October

  UAE renews commitment to polio eradication

  

  ABU DHABI / WAM World Polio Day is marked annually on October 24 recognising global efforts to eradicate the highly infectious disease that mainly affects children under the age of five. Since the establishment of the Global Polio Eradication Initiative (GPEI), in 1988, the World Health Organisation (WHO), noted that wild polio cases have decreased by over 99 percent, with ...

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• 22 October

  UAE firm supports Rohingyas

  SHARJAH / WAM Crescent Enterprises has joined hands with The Big Heart Foundation, a Sharjah-based global humanitarian organisation dedicated to helping people in need worldwide, to assist the Rohingya refugees in Bangladesh. The initiative will support Water and Sanitation for Health (Wash), project supervised by The Big Heart Foundation in the Cox’s Bazar district in southern Bangladesh, said a press ...

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• 22 October

  Emirates Steel awarded two patents by US agency

  

  Abu Dhabi / Emirates Business Emirates Steel, the only integrated steel plant in UAE and a subsidiary of General Holding Corporation (Senaat), received two patents from the United States Patent and Trademark Office. The patents reaffirm Emirates Steels’ status as an innovative leader within the regional steel industry, alongside its commitment to building a culture of innovation within the UAE. ...

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• 22 October

  Seventh International Franchise Exhibition opens in Abu Dhabi

  

  ABU DHABI / Emirates Business Saif Mohamed AL Hajeri, Chairman of Department of Economic Development and a member of the Executive Council, officially opened the seventh edition of the International Franchise Exhibition (IFE), organised by Abu Dhabi Chamber of Commerce and Industry in strategic partnership with Emirates Association for Franchise Development, at Abu Dhabi National Exhibition Centre (Adnec) on Tuesday. ...

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• 22 October

  ERC provides AED338mn aid in nine months

  

  ABU DHABI / WAM The value of humanitarian programmes, relief operations, development projects and orphans sponsored by the Emirates Red Crescent (ERC), outside the UAE from the beginning of this year until last September, amounted to AED338.3 million ($92.11 million), benefiting more than 8,500,634 people in many countries across the world. The aid was offered for humanitarian programmes, rescue operations, ...

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