EU revives Serbia’s accession process

  Bloomberg The European Union (EU) agreed to broaden accession talks with Serbia, the largest of the six Balkan countries aspiring to join the bloc, reviving a process that had shown little progress for two years. None of the Balkan aspirants are expected to join the bloc before 2025 at the earliest, as enlargement fatigue and a decade of crises ...

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Europe to surpass $100bn in startup funding this year

    Bloomberg Europe’s technology sector is set to bring in more than $100 billion of annual investment for the first time this year, capping off a period of deal-making and surging valuations. With nearly three times as much capital projected to be raised this year compared with 2020, the total number of tech companies in Europe valued at more ...

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‘Canadians lack confidence in fight to curb inflation’

  Bloomberg Canadians are unconvinced that policy makers will be able to rein inflation back to pre-pandemic levels, a worrying development that could reinforce the need for the Bank of Canada to be vigilant about price pressures. A large majority of Canadians, or 63.5%, say they lack confidence that inflation will return to more normal levels, according to a survey ...

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French economy shows little sign of succumbing to omicron angst

  Bloomberg French economic activity will continue to rise in December, despite another wave of the Covid-19 pandemic and fresh uncertainty over the omicron variant, according the Bank of France. Completed at the end of last week, the central bank’s monthly survey of 8,500 firms is the first indicator of how businesses in the euro area’s second-largest economy are faring ...

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Getty Images to return to public markets

  Bloomberg Getty Images will merge with a blank-check firm backed by CC Capital and Neuberger Berman, returning a company bearing one of most storied names in business to the public market. The deal values the Seattle-based licensing provider of stock and news photos at $4.8 billion including debt, according to a statement. The agreement with CC Neuberger Principal Holdings ...

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UK homeowners enjoy a $4trn untaxed property windfall

  Bloomberg British homeowners have enjoyed a $4 trillion untaxed wealth windfall from rising property values over the last 20 years that is unlikely to be repeated, with the bulk of riches going to the well-off, the over 60s and those living in London. In a report calling for gains to be taxed, the Resolution Foundation said the surge in ...

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Apple ends lower as $3trillion market value proves elusive

  Bloomberg Apple Inc shares fall, with the iPhone maker retreating in the wake of a recent advance that brought it within striking distance of what would be a historic $3 trillion market valuation. The stock closed down 2.1% at $175.74. This was Apple’s biggest one-day percentage loss since the broad market selloff on November 26, and it resulted in ...

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China Mobile poised for Shanghai mega listing after US ban

  Bloomberg China Mobile Ltd, the country’s largest wireless carrier by revenue, has received approval from regulators to list in Shanghai after being removed from the New York Stock Exchange due to an investment ban ordered by former President Donald Trump. The state-run enterprise got the nod from the China Securities Regulatory Commission to issue A-shares, according to a filing ...

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Stocks, futures advance before banks meet

Bloomberg Stocks gained on Tuesday as traders prepared for this year’s last central bank meetings later this week. Treasuries and the dollar were little changed. Miners led gains in Europe’s Stoxx 600 Index, while US contracts rose after S&P 500 slid from a record and the tech-heavy Nasdaq 100 underperformed. MSCI Inc’s Asia-Pacific share index falls for a third session, ...

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UAE is moving into next 50 years with confidence, enthusiasm: VP

Dubai / WAM Chairing the last cabinet meeting scheduled for 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that the UAE has accomplished, in a short period of time, major achievements, assumed leading global ranks in various sectors, confirming that the UAE is moving into the ...

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