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  Bloomberg Fierce competition for workers pushed UK salaries higher in April, according to a survey that will put pressure on the Bank of England (BOE) to continue tightening monetary policy in its battle to tame inflation. As candidate availability declined for the 14th straight month, starting-salary inflation held close to a record high, the Recruitment and Employment Confederation and ...

  Bloomberg Denmark is raising its economic growth forecast for 2022 as the Nordic country’s strong labour market will help the economy overcome most global headwinds, according to government documents seen by Bloomberg News. Gross domestic product will likely expand 3.4% this year, up from the government’s main scenario in March of 1.6%, the documents showed. The economy will grow ...

  Abu Dhabi / WAM The total value of Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion, a 15 percent increase compared to the same period of 2021. Exports recorded a growth of 35 percent in the first three months of the year compared to the same period of last year, valued ...

  Abu Dhabi / WAM Mubadala Investment Company, an Abu Dhabi sovereign investor, released its 2021 financial results for the group, achieving a total comprehensive income (TCI) attributable to the owner of AED 122 billion for the year, compared to AED 72 billion in 2020. At year end, assets under management across the group stood at AED 1,045 billion compared ...

  Abu Dhabi / WAM Abu Dhabi Airports on Wednesday released its passenger traffic results for the first quarter of 2022. It revealed that the airport welcomed 2.56 million guests, more than triple the number seen during the same period last year, on the back of resurgent demand and the resulting introduction of new frequencies, routes and services. First quarter ...

  ABU DHABI / WAM Al Yah Satellite Communications Company on Wednesday announced its financial results for the three-month period ended March 31. Yahsat reported first-quarter revenue of AED362.5 million [$98.7 million], reflecting an increase of 9.4% year-on-year. All business segments performed well, with a particularly exceptional performance in both managed solutions and mobility solutions, which increased by 26.0 percent ...

  DUBAI / WAM Emirates and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), on Wednesday signed a memorandum of understanding (MoU) to boost tourist numbers across the airline’s global network. The new partnership is part of the airline’s commitment to promote tourism to the UAE by aligning activities with other tourism partners and capitalising on ...

Bloomberg German utility Uniper SE is confident its next payment for Russian natural gas will comply with Kremlin demands without violating sanctions, in the latest sign that European companies and their Russian supplier are finding ways to keep the gas flowing. Uniper, one of Europe’s biggest buyers of the fuel from Russia, will pay in euros when its next bill ...

Bloomberg Kremlin-installed occupation authorities in Ukraine’s southern Kherson region plan to ask President Vladimir Putin to become part of Russia, Tass reported, the first public sign that he may seek to annex territory taken in the invasion. The region won’t hold a referendum first but would appeal directly to Putin to absorb it into Russia, Kirill Stremousov, the deputy chief ...

  Bloomberg The Biden administration is working on a proposal to bolster economies in Latin America and strengthen US ties ahead of a key regional summit the US will host next month to help confront the challenge of fast-increasing migration. The proposed economic framework, still in the early stages, will address issues including so-called nearshoring and supply-chain vulnerabilities revealed by ...