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Bloomberg US homeowners spooked by the burgeoning pandemic last spring rushed to tap equity in their properties for a hit of ready cash — and equally wary banks tightened credit or halted lending in response. In the past year, monstrous demand for homes amid a scarcity of listings pushed up prices to the point of giving owners more collective equity ...

Bloomberg Portugal and Spain imposed new restrictions on UK visitors amid concern about the coronavirus delta variant as Germany pushed for a more coordinated European Union response to try to limit the strain taking hold in the bloc. The changes are a setback for Europe’s holiday destinations just as the summer tourism season should be kicking up a gear. The ...

Bloomberg Amazon.com Inc. and Google are facing formal probes into possible violations of UK consumer protection rules over a failure to shield their users from an onslaught of fake reviews. The Competition and Markets Authority (CMA) said it has opened investigations to gather more information and decide whether the tech giants may have broken the law by not doing enough ...

ABU DHABI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the National Agenda for Non-oil Export Development, an integrated framework for efforts to increase UAE’s foreign trade, promote Emirati products and access new markets all over the world. His Highness ...

Ras Al Khaimah / WAM Ras Al Khaimah Tourism Development Authority (RAK TDA) on Sunday announced a strategic, high-impact investment programme that will position the emirate as one of the most preferred destinations for tourism and investments in affordable luxury. Endorsed by the government of Ras Al Khaimah, the new initiative, SelectRAK, is rolled out in partnership with Arton Capital, ...

ABU DHABI / WAM The UAE participated in the G20 Finance Track’s second Global Partnership for Financial Inclusion (GPFI) meeting, which took place virtually. The meeting discussed the Covid-19 repercussions on remittances, future developments and possible solutions to existing challenges for cross-border payments and remittances, digital financial solutions to promote resilience and financial literacy, and Micro, Small & Medium Enterprises ...

Dubai / WAM Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, in association with the American University in Dubai (AUD), has added a new business incubator to its expanding network of certified business incubators and accelerators. The new incubator at AUD embodies the vision laid down in the 50 Year Charter ...

Bloomberg Former President Donald Trump opened his score-settling summer tour with a rally before thousands of supporters in Ohio, returning to his familiar script of grievances, exaggerated claims and support for loyal Republicans. The gathering outside Cleveland was Trump’s first public event to back candidates he favours for the 2022 midterms and work to unseat the 10 GOP members of ...

Sharjah / WAM Bano Puratos, the leading Belgian-Lebanese manufacturer and supplier of innovative products of raw materials, utensils and machinery used in the chocolate, bakery, pastry, and ice cream industry, has announced expansion plans to double its monthly production capacity from 300 to 600 tonnes and increase the list of products from 45 to 150, in 2022. Bano’s production capacity ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has opened Oud Metha Bus Station, the newest addition to bus stations featuring ultra-modern design rendering it a model station. It is integrated with the metro and taxi services as it is just 300 metres off Oud Metha Metro Station. The station offers a new concept in public transport services through ...