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Bloomberg President Vladimir Putin used a Navy Day parade to deliver his latest reminder of Russia’s military muscle, touting the nation’s hypersonic nuclear weapons at a ceremony in his hometown of St Petersburg. “Today the Russian navy has everything it needs to defend our homeland, our national interests,” Putin said in a speech in front of a monument to the ...

Bloomberg London’s jobs market has sprung back to life, becoming a hot spot for the first time since the pandemic closed vast sections of the economy, two separate surveys showed. The Recruitment & Employment Confederation (REC) said London had six of the top 10 areas in the UK for new job postings in the week ending July 18. Consulting and ...

Bloomberg Canadian retailers started to recover from the third major Covid-19 shutdown, which stunted shopping earlier this year. Receipts fall 2.1% in May, when many provinces had restrictions on businesses to combat the virus, Statistics Canada reported in Ottawa. But retailers bounced back in June with sales rising 4.4% as rules eased, a preliminary estimate from the agency shows. Even ...

Bloomberg Prime Minister Pedro Sanchez said he’s expecting Apple Inc to ramp up investments in his country after meeting with Chief Executive Officer (CEO) Tim Cook at company’s headquarters. Wrapping up a three-day tour of the US on the West Coast, Sanchez said that Apple will be particularly interested in developing artificial intelligence, television production in Spain. “We expect to have ...

Bloomberg The US and Mexico failed to resolve a dispute over trade rules for cars during a meeting this week, threatening the goal of boosting regional manufacturing under their new trade pact. US Trade Representative Katherine Tai and Mexican Economy Minister Tatiana Clouthier discussed the topic in Washington but couldn’t reach a resolution, according to people familiar with the talks, ...

Dubai / WAM Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), revealed that the RTA’s precautionary measures and initiatives applied to the scheduling and operation of public buses, marine transit means, and taxis, had accelerated the recovery from the Covid-19 pandemic. Such measures contributed to restoring the growth of ...

Dubai / WAM Emirates is connecting global business and leisure travellers with it’s first-ever passenger service between Dubai and Miami. The airline celebrated the inaugural flight of its four times a week service when it touched down in Miami at 1100hrs local time. Emirates flight EK213 was welcomed by Miami International Airport with a water cannon salute, and drew in ...

ABU DHABI / WAM Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) and ‘The Game Fair’ in the United Kingdom signed a promising multi-range joint partnership between the two leading events. Under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, the Ruler’s Representative of Al Dhafra Region and Chairman of Emirates Falconers’ Club (EFC), Adihex 18th edition will ...

Bloomberg FirstEnergy Corp surged the most in more than five months after the Ohio utility reached an agreement with federal prosecutors over a corruption case involving a $1 billion state bailout for nuclear power plants. Under a deferred-prosecution agreement, FirstEnergy admitted that it conspired with public officials and others to pay millions of dollars in bribes. The company agreed to ...

Bloomberg The Biden administration has no immediate plans to levy economic sanctions on Chinese officials in response to the Microsoft Exchange hack that the US blames on Beijing, according to people familiar with the matter. Some in the administration cite concern that sanctions wouldn’t be as effective as other approaches in deterring future cyber-attacks by China, according to two people ...