Bloomberg UK house prices rise at the slowest pace in more than six months in January after a bumper end to 2021 left the average value of a home at a record high. Prices rise just 0.3% following four months of gains above 1%, mortgage lender Halifax said on Monday. In a sign of a more normal market, the ...
Read More »US soybeans in high demand as Brazil’s crop falls short
Bloomberg Soybean buyers stung by a smaller and slower harvest than expected in Brazil are turning to the US for supply, driving up prices and threatening to worsen food inflation. What was expected to be a record crop in Brazil is now looking far smaller, with lower yields and harvest delays due to adverse weather catching traders and end-users ...
Read More »Italy growth at risk amid rising costs
Bloomberg Italy’s industrial production may have fallen for a second month in January due to rising energy costs and supply shortages, putting economic growth at “serious risk,†employers lobby Confindustria said. Industrial output declined by an estimated 1.3% in January from a month earlier, after a 0.7% drop in December, the group said in a statement. Production rose 1.9% ...
Read More »Apple to debut a new low-cost 5G iPhone, iPad in March
Bloomberg Apple Inc. is targeting a date on or near March 8 to unveil a new low-cost iPhone and an updated iPad, according to people with knowledge of the matter, kicking off a potentially record-setting year for product launches. The announcement will mark Apple’s first major event since a new MacBook Pro debuted in October. Like the company’s other ...
Read More »China stocks climb most in two months in holiday catch-up trade
Bloomberg Chinese shares climbed on their return from a weeklong holiday, with sentiment boosted by Friday’s jump in Hong-Kong listed names and easing concerns about regulatory headwinds for the nation’s battered tech sector. The CSI 300 Index ended up 1.5% on Monday after rising as much as 2.4%. While that marked the benchmark’s best post-Lunar New Year holiday performance ...
Read More »US equity futures fall; Treasuries stabilise
Bloomberg Stocks in Europe trimmed gains and US index futures dipped as investors took stock of the outlook for monetary policy ahead of key inflation data later this week. Treasury yields and the dollar were stable. The Stoxx Europe 600 index, coming off its longest streak of weekly losses in almost a year, was up around 0.3%, with retail ...
Read More »Belgium’s King Philippe hails ‘impressive’ Expo 2020 Dubai
Dubai / WAM Belgium celebrated its National Day at Expo 2020 Dubai with a visit by King Phillippe Leopold Louis Marie, as well as a stunning parade and exciting musical performances that showcased the country’s creativity. King Phillippe and Queen Mathilde, accompanied by Pierre-Yves Dermagne, Deputy Prime Minister and Minister of the Economy and Employment; and Sophie Wilmès, Deputy ...
Read More »Dubai plans to cut carbon emissions by 30% by 2030
DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the Council’s 68th meeting, which took place online. Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, attended the meeting. Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy, also attended along ...
Read More »UAE leaders wish Queen Elizabeth on platinum jubilee
Abu Dhabi / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to Her Majesty Queen Elizabeth II of the United Kingdom of Great Britain and Northern Ireland, on the anniversary of Her Majesty’s accession to the throne. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...
Read More »Digital Sharjah platform sees 7,271 transactions
SHARJAH / WAM The Sharjah Digital Office (SDO) revealed that its Digital Sharjah platform recorded 128,000 visits to its website and smart app and completed 7,271 transactions since its debut in November last year. The Digital Sharjah website and smart app was launched as a one-stop digital user interface that seamlessly integrates a portfolio of 41 essential public services ...
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