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Bloomberg London private housing rents fell in July compared with a year earlier as the ability to work from home meant that being close to city center offices was no longer a priority for workers. The 0.1% decline set the UK capital apart from other regions, where rental prices climbed by almost 2% on average, Office for National Statistics (ONS) ...

Bloomberg Prime Minister Justin Trudeau can expect mostly good news from economic data during Canada’s five-week election campaign. But there’s one potential trouble spot for him: consumer prices. A Statistics Canada report is expected to show that price inflation accelerated in July to almost the fastest rate in two decades. Economists estimate that consumer prices jumped 3.4% last month on ...

Bloomberg T-Mobile US Inc said an investigation confirmed about 7.8 million current users had information stolen along with more than 40 million records from past or prospective customers who’d applied for credit in a cyberattack. The stolen information included customers’ full names, dates of birth, social security numbers, and IDs such as drivers licenses, the Bellevue, Washington-based company said in ...

Bloomberg Euro-area businesses stepped up hiring during the second quarter when pandemic restrictions started to ease and the economy returned to growth. Employment increased by 0.5% in the three months through June after declining 0.2%. The economy expanded by 2% in the same period, matching an initial estimate. The region’s economic outlook has vastly improved in recent months, after a ...

Bloomberg Twitter Inc is adding an option for users to report misinformation to the company, but says the expanded ability to flag tweets won’t necessarily lead to more fact-checking or labels on problematic posts. The test, only available in a few markets, will let users notify the company about alleged misinformation in the same way they can alert Twitter to ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has inaugurated the 300 megawatt (MW) first stage of the 900MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park. Implemented by Dubai Electricity and Water Authority (Dewa) using the Independent Power Producer (IPP) model, the solar park is ...

Abu Dhabi / WAM Major electricity projects valued at AED51 million (US$13.9 million) have been inaugurated by the government of the Comoros. Financed by Abu Dhabi Fund for Development (ADFD), these projects will supply electricity to more than 12,000 homes and are expected to stimulate the economy of the island nation. Azali Assoumani, President of the Comoros, attended the inauguration ...

Abu Dhabi / WAM Dr Ghassan Abbas, Syria’s Ambassador to the UAE and Commissioner-General of the Syria Pavilion at Expo 2020 Dubai, said his country’s participation in Expo 2020 Dubai will take place under the theme, “We Will Rise Together”, which is inspired by Syria’s history and future aspirations. Visitors to the Syrian pavilion can see an identical replication of ...

DUBAI / WAM The “100 Million Meals” campaign has successfully delivered 28 million meals in Palestine in cooperation with the United Nations World Food Programme (WFP). Organised by the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), the campaign enabled the WFP to provide food support to more than 310,000 people in the West Bank and the Gaza Strip. Some ...

Bloomberg European leaders struggled to mask their frustration with President Joe Biden’s decision to withdraw the last US soldiers from Afghanistan and sought to distance themselves from the dramatic scenes unfolding across the war-torn country. German Chancellor Angela Merkel told reporters that the Nato mission in Afghanistan was “fundamentally dependent” on the US while French President Emmanuel Macron stressed that ...