Masonry Layout

  Bloomberg Microsoft Corp.’s planned $69 billion purchase of Activision Blizzard Inc. will be sent for an in-depth review unless the tech giant offers remedies to address the UK watchdog’s concerns. The Competition and Markets Authority (CMA) said it was concerned about a substantial lessening of competition in the gaming consoles, multi-game subscription services and cloud gaming markets. It gave ...

  Bloomberg The Canadian economy accelerated in the second quarter as the nation benefited from surging commodity prices and got a boost from the lifting of Covid-19 lockdowns, though signs are emerging the momentum is waning. Gross domestic product rises at a 3.3% annualised rate after a 3.1% increase in the first three months of the year, Statistics Canada reported. ...

  Bloomberg Spanish inflation eased for the first time in four months, though surging energy prices as Russia limits supplies before the winter mean the retreat from record highs will probably be slow. European Union-harmonised consumer prices rise as much as 10.3% from a year ago in August, down from July’s 10.7% increase, Spain’s statistics service said in a statement. ...

  Bloomberg Argentina etched out a job market program aimed at addressing informal labour as it seeks to lower government spending. A government decree created the “puente” or bridge program by which social welfare recipients can continue to receive their handouts for a year after starting a formal, payroll job. The government will also cover all employer contributions during that ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, directed urgent aid worth AED50 million to provide relief to those affected by the floods in Pakistan. The aid, which will be provided by the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), in cooperation with ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) and FTSE Russell, under their index partnership, have co-developed a new benchmark, the FTSE ADX Growth Market Index (FADGMI) that will track the performance of the ADX’s recently rebranded Growth Market segment. FADGMI, the new index that went live on Thursday, includes the eligible constituents of the Growth Market, ...

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has received a phone call from Hossein Amir-Abdollahian, Minister of Foreign Affairs of Iran. During the conversation, the two sides discussed the bilateral relations and ways to push them forward and enhance them in the common interest of the two ...

Dubai / WAM The Dubai Maritime City Authority (DMCA) at the Ports, Customs and Free Zone Corporation has endorsed its continued efforts in implementing a number of initiatives aimed at facilitating operations for yachts and local marinas, with the aim of enhancing Dubai’s position as a marine leisure hub. Sheikh Saeed bin Ahmed bin Khalifa Al Maktoum, Executive Director of ...

Bloomberg Taiwan downed a civilian drone after weeks of complaints about incursions by unmanned aerial vehicles from China, a sign Taipei is pushing back against Beijing’s efforts to encroach on its territory. Taiwanese troops shot the drone down near Kinmen Island around noon Thursday after attempts to repel it failed, according to a statement from the garrison on the Taipei-held ...

Sharjah / WAM Beeah Recycling, a waste processing and material recovery business under Beeah group, has added a new Solid Recovered Fuel (SRF) facility to its state-of-the-art, integrated waste management complex in Al Sajaa, Sharjah. The SRF facility will transform commercial residue waste into a high-quality alternative green fuel in cement factories, where the fuel will be injected into the ...