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Bloomberg Canada’s labour market roared back to life in February after authorities began lifting lockdowns, a striking sign of the nation’s economic resilience to the second wave of pandemic. The economy added 259,200 jobs in February, Statistics Canada reported in Ottawa, well ahead of expectations for a 75,000 gain. It’s the first month of gains since November, when a new ...

Bloomberg Facebook Inc. reached a multiyear deal with News Corp. in Australia, agreeing to pay Rupert Murdoch’s publishing arm for access to additional stories. The agreement resolves a dispute in the country between publishers and tech giants over payments for news articles. The deal includes content from News Corp.’s national newspaper, The Australian, as well as the Daily Telegraph in ...

Dubai / WAM Dubai Municipality has achieved 100 percent reduction in papers during the year 2020. The total reduction amounted to 20,960,743 papers annually, saving more than AED95 million and more than one million working hours. “The implementation of the improvement measures related to the Dubai Paperless Strategy has led to an increase in the percentage of digital completion to ...

DUBAI / WAM Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Hessa Bint Essa Buhumaid, Minister of Community Development, officially inaugurated on Monday the 17th edition of the Dubai International Humanitarian Aid and Development Conference and Exhibition (Dihad) at the Dubai International Convention and ...

DUBAI / WAM The Knowledge and Human Development Authority (KHDA) on Monday announced that private schools in Dubai will not be increasing tuition fees for the 2021-22 academic year. This is the second consecutive year that fees for Dubai schools have remained steady. The announcement follows the release of the annual Education Cost Index (ECI) calculated by the Dubai Statistics ...

DUBAI / WAM Emirates and TAP Air Portugal signed a memorandum of understanding to expand the codeshare partnership currently in place between both airlines. The new agreement will see customers of both airlines benefit from seamless connectivity on many new routes across the Americas, North Africa and East Asia. Emirates and TAP Air Portugal will also explore ways to enhance ...

Bloomberg Eskom Holdings SOC Ltd., which supplies almost all of South Africa’s power, said it’s undertaking long-overdue repairs at its facilities amid a high risk of nationwide outages, and it expects supply to improve later this year. The debt-stricken state utility has implemented electricity rationing — known locally as load-shedding — on 19 days so far this year after record ...

Bloomberg Tencent Holdings Ltd. shares fell a second day on concern regulators are now turning their sights to Pony Ma’s business empire, fueling a $62 billion wipe-out that one brokerage says obliterated most of the value of its online finance business. The stock fall more than 4% in Hong Kong on Monday. China’s top financial regulators see Tencent as the ...

Bloomberg India’s draft e-commerce rules to prevent creation of “digital monopolies” and aid local startups may raise costs and stymie expansion plans at companies such as Amazon.com Inc. and Walmart Inc. The draft rules seek to prescribe a code of conduct for online retailers and define cross-border flow of user data, according to a note titled Draft Ecommerce Policy. Prime ...

Bloomberg The Philippines’ renewed surge in coronavirus infections will have limited impact on the economy as authorities impose localised lockdowns and as vaccinations pick up, Economic Planning Secretary Karl Chua said. The Southeast Asian nation, which will likely remain in recession this quarter, has to manage the spike in cases without reinstating stricter movement curbs which will hurt jobs, Chua ...