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Bloomberg Last year’s pandemic housing rush is now this year’s end-of-lockdown feeding frenzy. Across the US, house hunters are fighting for scraps in a market picked clean of listings during the key spring homebuying season. Bidding wars are the norm. Strategies like waiving inspections to secure deals, common for years in hot West Coast tech hubs, are popping up in ...

Bloomberg Facebook Inc. said it removed 14 networks representing more than 1,000 accounts seeking to sway politics around the world, while misleading the public about their identity. Most of the removed networks were in the early stages of building their audiences, the Menlo Park, California-based company said. Facebook’s announcement, part of its monthly reporting on efforts to rid its platforms ...

Bloomberg UK bond investors eager for the government to sell more of its longest-dated debt appear to have gotten their way. A bond auction on Tuesday will include a 1 billion-pound ($1.37 billion) offering of gilts maturing in 2071 with more scheduled for sale in June. Minutes of a conference call with the Debt Management Office last month revealed investors ...

Bloomberg Costa Rica’s president says he’ll bring an end to years of excess government borrowing, even if it hurts his popularity. With just over a year left in office, Carlos Alvarado is fighting to pass spending cuts and tax increases, and narrow the fiscal deficit which brought the country to the brink of crisis two years ago. He’s also pushing ...

Abu Dhabi / WAM The UAE tourism sector performed outstandingly in 2020 despite the impact of the Covid-19 pandemic, revealed by the Ministry of Economy, noting that the sector was among the least affected and fastest to recover around the world. The UAE recorded a 54.7 percent hotel occupancy rate in 2020 – the second highest in the world behind ...

Mohammed Jalal Al Rayssi Director-General of WAM Abu Dhabi / WAM With the announcement of the selection of the second batch of Emirati astronauts, the UAE is rewriting the scientific history of the Arab region and proving that its entry into the space sector was not a coincidence or some type of propaganda. In a new step that translates to ...

Sharjah / WAM The Federal Tax Authority (FTA) and Sharjah Economic Development Department (SEDD) organised the second virtual tax workshop for investors in the industrial sector. This workshop dealt with the country’s legislation and tax procedures, with the aim of overcoming obstacles that investors may face to provide support to companies and factories operating in the emirate. Also, it highlighted ...

Dubai / WAM The Dubai Electricity and Water Authority (Dewa) has won the 2020 Hamdan Bin Mohammed Programme for the Government Services Flag for its Smart Living initiative, which helps customers monitor their water and electricity consumption digitally and proactively, without needing to contact DEWA. This is a new milestone, reinforcing its track record of accomplishments and awards. Since its ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 237,130 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

Bloomberg Russia warned that growing violence in Ukraine could set off a broader military conflict, brushing off German Chancellor Angela Merkel’s call to pull back troops massed near the border. “The escalation of tensions in the southeast of Ukraine justifies the measures Russia is taking,” Kremlin spokesman Dmitry Peskov said on a conference call, referring to the military buildup. “The ...