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Dubai / Emirates Business Etisalat on Saturday has made global strides in 5G by setting a benchmark right from the launch of the network to the services with its infrastructure ready to support all 5G devices and future solutions backed by the continuous investments in technology and innovation on the network enabling superior 5G connectivity. The continuous support and wise ...

Bloomberg Hondurans are voting on Sunday in presidential elections that may oust the scandal-hit ruling party and end the nation’s alliance with Taiwan. Xiomara Castro, the wife of a former president deposed in a coup, is leading in polls as she tries to end 12 years of rule by the conservative National Party. She spooked some investors by saying that ...

Bloomberg Euro-area business activity unexpectedly quickened, though the region’s recovery faces headwinds from a fresh wave of Covid-19 infections and “record inflationary pressures.” IHS Markit’s composite Purchasing Managers’ Index rises to 55.8 in November from 54.2 in October, according to a survey of purchasing managers by IHS Markit published. While that defies the median estimate in a survey of analysts ...

Bloomberg California’s ports of Los Angeles and Long Beach delayed charging fines on containers that sit on the docks for too long for a second time this month, arguing the threat alone is helping clear lingering boxes from space-constrained terminals. The plan to charge carriers at least $100 daily for each container waiting nine days or more for trucks to ...

Bloomberg The UK’s booming property market is headed for a slowdown as a squeeze on living standards and rising interest rates sap demand, according to Nationwide Building Society. The average price of a home rises 0.7% in October, the mortgage lender said, even after the ending of a temporary tax cut imposed by the government last year. Economists had expected ...

Bloomberg Quebec’s economic recovery has opened room for the government to dole out cash to dull the bite of inflation, help train workers for sought-after jobs and shore up the Canadian province’s bottom line. In a budget update in Quebec City, the government said it expects a deficit of $5.4 billion in current fiscal year, nearly half its March estimate. ...

Ankara / WAM The UAE announced it will establish a $10 billion investment fund in Turkey. This announcement followed the talks held in Ankara on Wednesday between His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Recep Tayyip Erdogan, President of Turkey, which aimed to support ...

Abu Dhabi / WAM On behalf of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday inaugurated the third ordinary session of the 17th legislative chapter of the Federal National Council (FNC), attended by the crown princes, deputy ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, announced a new partnership with Stripe, a global technology company that builds economic infrastructure for the internet, assisting tech startups to more easily and efficiently accept payments online, payout funds, and manage their business growth. The partnership was announced during fintech Abu Dhabi Festival 2021, where Hub71 is a key ...

Bloomberg Europe is growing increasingly reliant on coal to keep the lights on as the weather turns cold, sending the cost of polluting to a record. Carbon prices exceeded 70 euros for the first time ever as utilities turn to the dirtiest of fossil fuels. Power plants in the UK are burning the most coal since the beginning of the ...