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Bloomberg President Emmanuel Macron backed away from his imminent threat to punish the UK for restricting the access of French fishing boats to British waters, saying he would give negotiations more time. “The British are going to come back to us tomorrow with further proposals. We’ll see where we are at the end of the day,” Macron told reporters in ...

Bloomberg Almost half of UK companies expect to increase prices, a record high, adding to inflation concerns that will weigh on Bank of England policy makers ahead of their meeting this week. A survey by Lloyds Banking Group Plc showed 45% of businesses expect to raise prices, which will buttress market expectations that the UK central bank will deliver its ...

Bloomberg Mexico’s economy shrank in the third quarter after new legislation banning labour outsourcing hit the services industry and coronavirus cases surged. Gross domestic product declined 0.2% from the previous three-month period, compared to the median estimate in a Bloomberg survey of no growth. It’s the first contraction since the second quarter of 2020, when Mexico imposed its harshest set ...

Bloomberg Italy’s manufacturing sector saw more rapid expansion last month, bucking the general weakening trend in the region as Prime Minister Mario Draghi tries to spur growth in the euro area’s third-largest economy. The Netherlands, Ireland and Greece also recorded stronger performances in surveys of purchasing managers by IHS Markit. With Germany, France and Spain lagging behind, momentum in the ...

Bloomberg The record steel rally is starting to show early signs of cooling, with one top US producer scouring for buyers to take over abandoned orders of high-end metal used by automakers. US Steel Corp is offering metal originally earmarked for automotive customers who opted not to take up their full orders, an indication that an ongoing semiconductor shortage is ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group, has emphasised the importance of Dubai Airshow 2021, describing the event as “an opportunity to reconnect the aviation, aerospace, space and defence industries.” During a press conference in Dubai ...

Abu Dhabi / WAM Roberto Speranza, Italian Minister of Health, and current president of the G20 ministers of health, has praised the UAE for its exemplary efforts in combating the coronavirus pandemic and speed in implementing one of the most effective Covid-19 responses globally, evident with one of the lowest mortality and infection rate around the world. The approach ensured ...

Abu Dhabi / WAM The UAE on Monday concluded the exercises of the International Atomic Energy Agency’s (IAEA’s) ConvEx-3 ‘Barakah UAE’, amid great success, highlighting the country’s national readiness and full ability to deal with unusual conditions in nuclear and radiological emergencies. The UAE’s hosting of the exercise also cemented the international community’s confidence in the nuclear energy infrastructure, and ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) marked another breakthrough by achieving the Guinness World Records title for the first 3D-printed laboratory in the world. The record was awarded for Dewa’s Robotics & Drone laboratory, housed within the Research & Development (R&D) Centre at the Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, MD and ...

Bloomberg President Joe Biden said he is disappointed that Russia and China declined to make stronger commitments to combat climate change or to send their leaders to key global meetings to address the crisis. Biden, asked about failure of G-20 nations to issue a stronger commitment on global warming, expressed regret at what the two nations have pledged. “The disappointment ...