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Bloomberg Britain’s mounting labour market crisis was underscored by a 220,000 slump in employment during the height of the coronavirus lockdown, the worst decline since the global financial crisis. The fall in the second quarter coincided with a period that saw the most strict restrictions to contain the spread of the disease. The Office for National Statistics said early indicators ...

Bloomberg President Donald Trump’s decision to extend a student-loan freeze will take away a financial risk for tens of millions of US households, who now won’t have to resume paying back about $1.2 trillion of debt until at least 2021. The measure, one of four executive actions Trump took on August 8, keeps both repayments and the accumulation of interest ...

Bloomberg Mark Carney, the only person to run two major nations’ central banks, is helping Justin Trudeau craft next steps in a plan to pull Canada out of a deep recession sparked by the coronavirus. Five months after stepping down as Bank of England governor, Carney has become an informal adviser on policy matters with the Canadian prime minister. Trudeau ...

Bloomberg Visa sold bonds at a record low yield as it became the first consumer finance company to issue debt to fund environmentally friendly projects. The world’s largest payments network, sold $3.25 billion of debt in three parts. The shortest portion of the deal is a seven-year green note with at 0.75% coupon, sliding past Google parent Alphabet Inc.’s record ...

MADINAH / WAM Bee’ah, the Middle East’s award-winning sustainability pioneer, is expanding into the Kingdom of Saudi Arabia in support of Saudi Vision 2030, after being awarded three contracts for waste management services in Madinah, covering the North, West and East regions. Bee’ah services will be conducted for 70 percent of the city, serving a population of 1.2 million people, ...

Abu Dhabi / WAM The Ministry for Cultural and Youth announced the agenda of the fourth week of its summer camp, with a discussion session chaired by Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, entitled, “Content Creation: The Message and Influence.” The session was held with the participation of Sheikh Dr Majid Al Qasimi, Co-Founder and Director ...

Dubai / WAM Nasdaq and Dubai Gold & Commodities Exchange (DGCX) on Monday announced a major market technology agreement for Nasdaq to provide DGCX with a full suite of integrated marketplace solutions. The marketplace solutions, delivered via the Nasdaq Financial Framework, include multi-asset trading and real time clearing capabilities, pre-trade risk management, as well as market intelligence, market surveillance and ...

Bloomberg Riot police detained thousands of protesters in Belarus in clashes after Alexander Lukashenko claimed a landslide victory in presidential elections to extend his 26-year rule amid opposition accusations of massive fraud. About 3,000 people were held by law enforcement including 1,000 in the capital, Minsk, the Interior Ministry said on Monday in a website statement. Protests took place in ...

AL AIN / WAM The United Arab Emirates will launch a navigation satellite next year aimed at demonstrating the country’s technological capabilities, a top official told Emirates News Agency (WAM). “The first satellite will be launched in 2021 and the second — a technologically enhanced one — the following year,” said Dr Khaled Al Hashmi, Director of the National Space ...

Ajman / WAM Ajman’s Department of Economic Development (DED) announced the opening of all economic activities for those wishing to register for the Reyada Programme for working from home. The Reyada Programme is the first of its kind in Ajman, targeting Emiratis residing in the emirate and enables them to work from home, noting that the number of members registered ...