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Bloomberg A tax break on property purchases played a smaller part than commonly thought in the UK’s pandemic housing boom, according to a report that accuses Chancellor of the Exchequer Rishi Sunak of wasting billions of pounds of public money. The analysis by the Resolution Foundation claims that the build-up of savings during lockdowns, changes in housing preferences and cheaper ...

Bloomberg German exporters are facing increasing pressure in their home market from Chinese exports to the EU, according to a study by the Cologne Institute for Economic Research. Chinese exports to the region contain more and more sophisticated industrial goods — such as machinery, pharmaceutical and automotive products — which have long been considered the domain of German manufacturers. According ...

Bloomberg Italy and Spain are set to record the fastest pace of economic expansion this year in more than four decades, a strong rebound that will help the countries overcome last year’s deep recession. Spain’s GDP will expand 6.2% in 2021, while Italy will record a rate of 5.6%, according to a Bloomberg survey of economists. That’s a 0.3 and ...

Bloomberg Mexico is evaluating how to regulate worker conditions in the nation’s fast growing gig economy, which could involve legal changes, said Labour Minister Luisa Maria Alcalde. The country is working with the Social Security Institute and Mexico City authorities on a plan to regulate digital platforms, Alcalde said in an interview. There’s no proposal yet, she said, but there ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) unveiled a transportation plan to serve visitors of Expo 2020 from around the United Arab Emirates. The plan specifies 9 locations across UAE in Abu Dhabi, Sharjah, Fujairah, Ajman and Ras Al Khaimah. A total of 70 dedicated buses will be deployed to run 193 daily trips during weekdays, and 213 ...

Sharjah / WAM The Sharjah Documentation and Archive Authority (SDAA) received Dr Safaa Al-Alawi, Director of the National Archives at the Isa Cultural Centre (ICC) in the State of Bahrain, during an official visit to discuss ways of cooperation between the centre and the authority in regulating the management of government documents. The meeting began with a welcome speech, during ...

Sharjah / WAM Ahead of the 10th edition of the International Government Communication Forum (IGCF) scheduled to be held on September 26 and 27 in Sharjah, Jawaher Al Naqbi, Manager of the International Government Communication Centre, has emphasised that a credible communications strategy based on transparency and trust between governments and the public is vital for the success of government ...

DUBAI / WAM Dubai Customs’ efforts towards stimulating innovation culminated in a new summit of generating quality ideas conducive to innovations that improve and take customs work to the next level. The total number of innovative ideas generated and submitted by employees since the launch of the e-suggest system in 2000 reached more than 43,000 until end of first half ...

Bloomberg President Joe Biden’s promise to help vulnerable Afghans flee their country in the face of a Taliban onslaught is running up against his reluctance to budge from an August 31 deadline to withdraw all US forces. Refugee groups and former officials says he can’t sustain both. Biden said he was essentially putting Afghan allies of US and Nato forces ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday announced that the UAE would offer Golden Visas to charity and humanitarian aid workers in recognition of their efforts and sacrifices. The announcement made by HH Sheikh Mohammed to provide long-term residence visas to humanitarian ...