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Bloomberg Taiwanese President Tsai Ing-wen opened 2021 by reaffirming her willingness to talk with China, while vowing to stand up to mounting military pressure from Beijing. Tsai used a brief News Year’s Day address to criticise the near-daily patrols of Chinese military ships and aircraft that have stretched Taiwan’s more limited military resources. She warned that the actions had “threatened ...

Sharjah / WAM Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah and Chairperson of the Supreme Council for Family Affairs, said that the newly inaugurated House of Wisdom (HoW), an iconic architectural marvel and Sharjah’s new cultural edifice, marks a new chapter in strengthening links between members of the community with their unique cultural ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry’s Dubai Startup Hub initiative has launched eight guides to help startups in the UAE do business. The decision was made at Dubai Chamber’s fifth and final ‘Networking Series’ which was organised in cooperation with Virtuzone, and targeted startups and entrepreneurs and ran from mid-October to mid-December this year. The new ...

DUBAI / WAM Travel is expected to reach another peak at the end of this week for Emirates, as the airline expects yet another busy period. A high volume of travellers will be making their way to Emirates’ dedicated Terminal 3 facilities on January 2-3, 2021, to depart Dubai, in addition to a rush of inbound traffic into the city. ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) announced an array of celebrations taking place in the UAE capital on New Year’s Eve, including fireworks shows in some of Abu Dhabi’s most renown neighbourhoods – the Corniche, Yas Island, Al Maryah Island and Al Wathba on Thursday, December 31. In line with ...

Bloomberg Boris Johnson urged members of Parliament to approve his Brexit trade agreement and complete Britain’s four-year divorce from the European Union. Parliament was recalled from its Christmas break for an emergency session on Wednesday to rush the deal into law in a single day, 24 hours before the UK leaves the EU single market and customs union. Failure to ...

Bloomberg Italy is betting that a tax scheme to encourage home renovations will green its economy and create jobs. On the face of it, this low-tech approach is at odds with the European Union’s aim of promoting climate and innovation in exchange for billions of euros of aid money. But the government is convinced that paying citizens to make their ...

Bloomberg UK house price growth rises to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said on Wednesday. They increased 0.8% from a month earlier. The housing market has boomed in 2020 ...

Bloomberg A measure of home prices in 20 US cities rose in October by the most since 2014 as ultra-low mortgage rates and increased buyer appetite for more space depleted housing inventory. The S&P CoreLogic Case-Shiller index of property values climbed 7.95% from the same month the previous year, data showed. The median forecast in a Bloomberg survey of economists ...

Bloomberg Prime Minister Giuseppe Conte warned that Italy is reaching the limits on how much debt the government can take on, even as the European Union opens the door to further borrowing. While Italy is pushing ahead with a 38 billion-euro ($47 billion) budget for next year, the growing deficit is becoming unsustainable, Conte said during his year-end press conference ...