Masonry Layout

Americans’ pay floor for accepting a new job rises to $73,000

Side lead copy

  Bloomberg The average reservation wage, or the lowest pay level that Americans would be willing to accept for a new job, rose by 5.7% from a year earlier to $72,873 in July, according to the latest labour-market survey by the Federal Reserve Bank of New York, as soaring prices change the calculus for workers. The self-reported reservation wage has ...

Read More »

Swedish construction activity drops amid sharpest fall in housing prices

Swedish copy

  Bloomberg Swedish home construction is falling amid what may be the sharpest drop in house prices since the global financial crisis. In the first six months of this year, the number of housing starts dropped by 11% compared with the year-ago period, data from Statistics Sweden showed. The data comes as Sweden’s broader housing market is showing clear signs ...

Read More »

Abu Dhabi Chamber showcases incentives of ‘Nafis’ programme

Photographer

  Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI), in cooperation with the Abu Dhabi Department of Economic Development (Added), the Emirati Talent Competitiveness Council (Nafis), and the Ministry of Human Resources and Emiratisation (MoHRE) have organised a second session for raising awareness about the incentives of the Emirati competitiveness programme “Nafis”. The session also ...

Read More »

Dubai Cares receives AED5 million donation from Car Fare group

Side lead copy

  Dubai / WAM Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), has announced that it received an AED5 million donation from Car Fare group, a vehicle rental and leasing organisation, to empower children and youth in developing countries with access to quality education. Car Fare group’s financial support will be directed to Dubai Cares’ programmes ...

Read More »

Etihad Airways boosts flights to New York-JFK this winter

Etihad copy

  Abu Dhabi / WAM Etihad Airways has increased flights to New York, United States. From November 15, Etihad will add four weekly flights on the Abu Dhabi – New York route, providing a total of 11 weekly nonstop services to John F. Kennedy International Airport (JFK). The new flights will be operated with a Boeing 787-9 Dreamliner, while existing ...

Read More »

Al Bateen Executive Airport reopens after major upgrade

Anchor copy

  ABU DHABI / WAM Al Bateen Executive Airport has reopened following the successful completion of a major refurbishment project which will allow the airport to cater to increased operational demand while meeting the highest levels of safety, compliance, and accreditation. Close cooperation between the General Civil Aviation Authority (GCAA) and Abu Dhabi Airports (AD Airports) during the project followed ...

Read More »

European buyers snapping up most Russian crude since April

Crude copy

­­­Bloomberg Russia’s crude shipments surged last week, recovering almost all of the previous slump. Seaborne exports to European buyers rose to the highest level since April, as some refiners continue to process barrels, even after Moscow’s invasion of Ukraine. Total flows rise to 3.41 million barrels a day in the period to August 19, vessel-tracking data monitored by Bloomberg show. ...

Read More »

Paytm billionaire founder wins resounding vote to stay at helm

Lead paytm billionaire ceo copy

  Bloomberg The billionaire founder of Paytm emerged unscathed in a crucial test of investor confidence, with a forceful majority of shareholders voting to keep him at the helm of the fintech pioneer that made one of the worst market debuts in Indian history. An emphatic 99.67% of shareholders voted to maintain Vijay Shekhar Sharma as the managing director and ...

Read More »

India’s laboratory-made diamond exports to hit $8b with US demand

Top dc diamond industry india copy

  Bloomberg India, which cuts or polishes about 90% of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand from the US surges and they become more accepted in other markets. Exports of polished lab-grown diamonds may double in the current financial year started from April 1 from $1.3 billion in the prior year, ...

Read More »

Economists lift S’pore inflation outlook, see more tightening

Middle singapore copy

  Bloomberg Singapore’s inflation is seen to remain elevated until the first quarter of next year and the central bank will probably tighten further at the October review, according to a Bloomberg survey of economists. Headline and core inflation forecasts show a quickening into yearend, before both measures start to ease in the January-March period and slip below 4% from ...

Read More »
Send this to a friend