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Bloomberg UK consumers took on unsecured loans at the fastest pace since the aftermath of the first lockdown, adding to signs that people are becoming more willing to spend. Consumer credit rises 706 million pounds ($942 billion) in October, more than economists forecast the highest figure since July last year, Bank of England figures show. Borrowing on credit cards accounted ...

Bloomberg French inflation accelerated in November to the quickest pace in more than a decade as surging energy and manufactured goods prices offset a fall in fresh food costs. After Germany recorded a 6% surge in prices in the same period, the inflation data for the euro area’s second largest economy adds to concerns over the ECB’s insistence that the ...

Bloomberg Unfilled jobs surpassed one million in Canada, a sign that employers are having difficulty finding workers as they ramp up hiring. There were 1,014,600 job vacancies in September, Statistics Canada reported in Ottawa. That represents about 6% of all jobs, a vacancy rate that’s up from as low as 3% last December. Employers in high-contact industries like food services ...

Bloomberg The new coronavirus variant is set to test European economy’s recent ability to withstand fresh restrictions on activity. With the new strain from South Africa looming as a threat to public health, adding to the existing headache of rising infections that have already forced Austria and Slovakia to impose lockdowns, a pandemic that countries around the region had previously ...

Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with Greece’s Export Credit Insurance Organisation (ECIO), to enhance the bilateral trade and economic cooperation between the UAE and Greece. The two state export credit agencies will support local businesses of both countries operating in agriculture, construction, steel and aluminium, ceramics, ...

Abu Dhabi / WAM The good deeds and sacrifices of our martyrs will remain as long as there is life, and their blood is manifested in our identity, reinforcing our glory, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. In a statement given to ‘Nation Shield,’ the ...

Dubai / WAM Expo 2020 Dubai visit numbers have climbed to 4,766,419 in the period up to November 28, driven by music, sporting stars and continued strong take-up of the November Weekday Pass. Jubilee stage played host to a packed week of entertainment, including Kuwaiti singer Abdullah Al-Ruwaished and famed Egyptian singer Mohamed Hamaki, while a formidable all-female line-up delighted ...

Bloomberg BP Plc plans to build a green hydrogen facility in northeast England that could start producing the gas by 2025, part of a massive project to help the oil major transition towards cleaner sources of energy. The HyGreen Teesside proposal follows one made earlier this year to develop a blue hydrogen facility in the same location. That would produce ...

Bloomberg Indian PM Narendra Modi’s government moved to repeal controversial farm laws as parliament reconvened, to quell protests from a crucial vote bank that show little sign of abating with key state elections due next year. Both houses of parliament approved the scrapping of the legislation in rushed voice votes even as the opposition parties demanded a debate. However, the rollback ...

Abu Dhabi / WAM As part of the Abu Dhabi Investment Office’s (Adio) programme to attract investment, Abu Dhabi will become home to Amazon’s most technologically advanced fulfillment centre in the region. Expected to be launched by 2024, the new fulfillment centre comes as part of a wider collaboration between Amazon and Adio which will also unlock job opportunities over ...