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  Bloomberg US consumers took a breather in November a month after an early holiday spending surge, but that pause risks becoming more lasting if Americans pull back when faced with both the fastest inflation in decades and the omicron variant. Purchases of goods and services, after adjusting for higher prices, were little changed following a solid 0.7% gain in ...

  Bloomberg Canada plans to formally join Mexico in calling for an arbitration panel to resolve a dispute with the US over how to interpret rules governing the origin of vehicle parts. The two countries expect to request in the first days of January the creation of a tribunal of experts to rule on the matter as allowed under the ...

  Bloomberg Rishi Sunak announced a billion pounds ($1.3 billion) of support for UK hospitality businesses struggling with slumping demand triggered by a record wave of Covid-19 infections, as he declined to rule out further curbs to tackle the fast-spreading omicron variant. Restaurants and other eligible hospitality and leisure businesses will be able to claim cash grants worth up to ...

  Bloomberg Intel Corp’s global push to increase capacity will include adding facilities in France and Italy, as well as putting a major production site in Germany. France will be home to a research and design center, and Italy will be the location of a test and assembly factory, according to the people, who asked not to be identified because ...

  Abu Dhabi / WAM The Federal Tax Authority (FTA) has called on tax registrants to benefit from the redetermination of administrative penalties to be equal to 30 percent of the total unpaid penalties. The FTA noted that few days are left to benefit from the redetermination before December 31, in accordance with Cabinet Decision No. 49 of 2021, Amending ...

  Abu Dhabi / WAM The Abu Dhabi Labour Court has successfully secured the payment of the financial dues of 2,794 workers in 4 companies, amounting to a total of AED40 million. The court took prompt legal measures and ended the disputes by moving directly to the workers’ place of residence onboard the Mobile Court, to hand over their financial ...

  Ajman / WAM Ajman’s Department of Finance has been awarded the ‘Most Innovative Digital Initiative in Finance 2021’, for its digital wallet and contributions in supporting digital transformation by Global Business Outlook, a UK-based publication dedicated to covering vital industry sectors. The award comes as part of the department’s efforts and its innovation-based strategy, in line with the directives ...

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) launched its Enterprise Service Bus (ESB) project for its smart grid, to promote its business added value and improve Dewa’s readiness and resilience and dealing with various scenarios. The project aims to identify and enable electric vehicle charging and uploading of consumption data; transfer meter readings, alarms, and events to ...

  Bloomberg President Joe Biden signed into law a bill banning goods from China’s Xinjiang region unless companies can prove they aren’t made with forced labor, a move that will add to tensions over Beijing’s treatment of the nation’s Uyghur minority. The bill passed with unanimous backing in both the House and Senate earlier this month, showcasing how Republicans and ...

  Ras Al Khaimah / WAM His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, affirmed the role of tourism as the essential underpinning of the UAE’s sustainable development. His Highness’s comments came as he was presented with a commemorative postage stamp bearing the image of Jebel Jais, the UAE’s tallest mountain, ...