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Bloomberg Scottish First Minister Nicola Sturgeon resigned after more than eight years as head of the country’s government and independence movement in a surprise move that will reverberate across UK politics. Sturgeon, 52, has headed the semi-autonomous administration in Edinburgh since 2014. The decision to step down comes after an unusually turbulent time for Sturgeon. It leaves her Scottish National ...

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported positive financial results for the year ended on December 31, 2022. Taqa delivered a very strong performance during the year, which was underpinned by the execution of it its growth strategy, its contracted utilities business and an uplift in commodities prices. Group revenues were to the tune of ...

  Abu Dhabi / WAM Masdar, one of the world’s fastest-growing renewable energy companies, has signed an agreement with the International Finance Corporation (IFC), the largest global development institution focussed on the private sector in developing countries, to explore collaboration in supporting climate action for emerging markets. The collaboration framework was signed by Mohamed Jameel Al Ramahi, Chief Executive Officer, ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a Memorandum of Cooperation (MoC) during the World Government Summit to support investments in emerging markets related to the clean energy transition, climate mitigation and adaptation, the adoption of clean technologies, and food security ...

GAZIANTEP, Türkiye / WAM As part of Operation “Gallant Knight / 2”, the UAE continues to provide integrated support to those affected by the recent earthquake in Türkiye. The Emirates Relief Field hospital at the İslahiye district of Gaziantep in Türkiye has started providing comprehensive medical care, including psychological rehabilitation, to the victims of the earthquake. The Emirates News Agency ...

Bloomberg UK wages rose quicker than expected at the end of 2022, heaping pressure on the Bank of England to deliver another interest-rate increase next month. Average earnings excluding bonuses were 6.7% higher in the three months through December from the previous year, the Office for National Statistics said Tuesday. That’s the fastest pace since records began in 2001, excluding ...

Bloomberg The economy lost nearly 2.5 million working days to strikes last year as Britain suffered its most severe industrial action since Margaret Thatcher was in power. The Office for National Statistics said Tuesday that 843,000 working days were lost due to labor disputes in December, making it the worst month in more than a decade. That took the total ...

Bloomberg Employment in Scotland hit a record high at the end of 2022 as tightness in the labor market spread to all corners of the UK. The portion of adults who have a job climbed to 76.6% in the three months ending December, up 2.4 percentage points from a year earlier. The figures from the Office for National Statistics on ...

  Bloomberg Soaring inflation, higher interest rates and supply-chain snarls spurred by the war in Ukraine pushed most of the European Union’s biggest eastern economies into contraction in the fourth quarter. Poland’s economy shrank 2.4% from the previous three months — much worse than the 0.5% forecast in a Bloomberg survey — for its second non-consecutive decline last year. It ...

Bloomberg Nato countries may agree as soon as this summer to spend at least 2% of their economic output on defense, a slight shift from the alliance’s 10-year-old pledge to “move toward the 2% guideline.” North Atlantic Treaty Organization Secretary General Jens Stoltenberg and the alliance’s defense ministers were supposed to discuss the target when they meet in Brussels for ...