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Bloomberg France’s junior minister for European affairs threatened the UK on financial services if Britain failed to grant licenses to French fishermen. Clement Beane said France would retaliate in sectors like banking in the European Union to which the UK wants access, according to an interview published on Sunday in the Journal du Dimanche. French fishermen are still owed 40 ...

Bloomberg The world’s most powerful economies agreed to back plans for so-called vaccine passports in a bid to pull the travel and tourism industry out of a pandemic-fuelled slump. Tourism ministers from the Group of 20 threw their weight behind the new certificates, stressing that a resumption of normal activity for the sector is crucial to global economic recovery, according ...

Bloomberg Toronto’s housing market last month posted the sharpest drop since the early weeks of the Covid-19 crisis, as buyers and sellers took a breather from a frenetic pace amid surging infections and renewed lockdown measures. The number of properties changing hands in Canada’s largest city declined 20% in April on an annualized basis from the month before, while the ...

Bloomberg The US job market is suffering from growing pains as the economy rapidly reopens. While economists are optimistic about future growth, employers are facing hiring challenges as well as supply chain disruptions and higher costs. The jobs report from the Labour Department showed the US added 266,000 jobs in April, far short of the 1 million gain economists had ...

Dubai / WAM The 2021 edition of the Arabian Travel Market will see Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) pull out all stops to ensure that the destination remains in the global spotlight with unique events, projects and initiatives designed to further accelerate tourism momentum in this landmark year for Dubai. Over 70 representatives from government bodies, ...

Abu Dhabi / WAM The UAE sent a plane carrying 50 metric tons of food supplies to the Republic of Sierra Leone as part of its initiatives during the holy month of Ramadan. Sultan Ali Al Harbi, UAE Ambassador to Senegal and Non-Resident Ambassador to Sierra Leone, said: “The UAE is committed to helping brotherly and friendly countries in all ...

NEW YORK / WAM The United Arab Emirates (UAE) has urged the international community to close the gap on access to science and technology to improve lives across the world. “Science and technology have played a significant role in the last year,” Sarah Al Amiri, Minister of State for Advanced Technologies, said via a video statement at the UN’s sixth ...

DUBAI / WAM Under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, organisers of the Taqdeer Award announced that it will be launching and activating the Excellence Cards for the labour sector, a new initiative that forms part of the emirate’s efforts to enhance the welfare ...

Bloomberg Prime Minister Boris Johnson is celebrating triumphant early results in UK elections, but he faces trouble ahead with Scotland cementing support for its independence movement. In a key set of local and national votes, Johnson’s ruling Conservatives tightened their grip on the pro-Brexit former industrial heartlands of northern England. They took the parliamentary seat of Hartlepool, which overwhelmingly backed ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has said that supporting and advancing the UAE Armed Forces and defence industries will remain a strategic priority. In a statement to mark the 45th anniversary of the Armed Forces Unification Day, carried by the ‘Nation Shield’ journal, His Highness Sheikh Khalifa bin Zayed paid tribute to ...