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  Bloomberg France’s new government reaffirmed the country’s pledge to lower debt after the Covid-19 pandemic forced President Emmanuel Macron to carry out an unprecedented spending splurge to prevent economy from crashing. “I will be a relentless craftsman in keeping our public accounts in a context that we know is difficult,” Gabriel Attal, France’s new budget minister, said in a ...

  Bloomberg Europe’s two largest economies kept growing in May as they benefited from a sustained rebound in services that offset fallout from Russia’s invasion of Ukraine. The loosening of Covid-19 restrictions in Germany and France supported activity in both countries while factories suffered from surging prices and strained supply chains, according to business surveys by S&P Global. “A post-lockdown ...

  Bloomberg More Americans are quitting their jobs than ever in the US, and fewer are sticking around in their new positions. Among workers who took a new job in 2021, the share who had been in their previous position for less than 12 months rose by 6.5% compared with a year earlier, data compiled by LinkedIn show. This job-jumping ...

  Abu Dhabi / WAM DP World, a leading global end-to-end logistics provider, on Thursday announced the creation of DPMETAWORLD, a new initiative aimed at bringing cutting edge virtual solutions to real-world supply chain challenges. Across the industries in which DP World operates, supply chains are moving from analogue to embrace new digital solutions. This project will allow DP World ...

  Abu Dhabi / WAM A delegation from UAE University (UAEU) was welcomed at Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) by Professor Fakhri Karray, Provost of MBZUAI, and Sultan Al Hajji, Vice President for Public Affairs and Alumni Relations. Professor Ahmed Ali Murad, the Associate Provost for Research, who was also in attendance, highlighted that the visit aimed ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced a collaboration with the American University of Sharjah’ (AUS) College of Engineering to research the economic and environmental benefits of re-using food waste to enrich manufactured soils made from bauxite residue, and further applications in waste-to-energy. The AED1.6 million three-year research project is the second phase of EGA’s ...

Bloomberg German Chancellor Olaf Scholz called for more countries to join international efforts to isolate Russia, saying President Vladimir Putin must not be allowed a victory in Ukraine that could embolden other warmongers. Scholz’s plea came as the European Union struggles to maintain a united front in talks over further sanctions against Moscow, and many emerging powers in Asia, Africa ...

  Bloomberg The gap in inflation experienced by the richest and poorest households in the UK has expanded to its widest level in at least 16 years, according to a report by the Resolution Foundation think-tank. Soaring energy bills as well as higher food costs have sent the UK’s overall inflation rate to a 40-year high of 9%. But headline ...

  Abu Dhabi / WAM The UAE began a new era of clean energy production and climate neutrality by producing the first kilowatt (KW) of energy from waste, through the inauguration of the Sharjah Waste-to-Energy Plant. The plant, the first of its kind in the region, will help turn nearly 300,000 tonnes of waste into energy annually, producing 30 megawatts ...

  Dakar / WAM The Zayed Charitable and Humanitarian Foundation (Zayed CHF) laid the foundation stone of the Sheikha Fatima Motherhood and Childhood Hospital in Dakar. The ceremony took place during the visit of Hamad Salem bin Kardous Al Ameri, Director-General of Zayed CHF, to Senegal to lay the hospital’s foundation stone, in the presence of Madior Diouf, Minister of ...