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Bloomberg Ukraine’s economy fell back into recession as fallout from the pandemic continued to weigh and interest rates were lifted to tackle soaring inflation. Second-quarter gross domestic product (GDP) shrank a seasonally adjusted 0.8% after falling 1.2% in the previous three months, preliminary data Monday showed. On an annual basis, it ended more than a year of contraction, advancing by ...

Bloomberg T-Mobile US Inc said an investigation confirmed about 7.8 million current users had information stolen along with more than 40 million records from past or prospective customers who’d applied for credit in a cyberattack. The stolen information included customers’ full names, dates of birth, social security numbers, and IDs such as drivers licenses, the Bellevue, Washington-based company said in ...

Bloomberg Euro-area businesses stepped up hiring during the second quarter when pandemic restrictions started to ease and the economy returned to growth. Employment increased by 0.5% in the three months through June after declining 0.2%. The economy expanded by 2% in the same period, matching an initial estimate. The region’s economic outlook has vastly improved in recent months, after a ...

Bloomberg Twitter Inc is adding an option for users to report misinformation to the company, but says the expanded ability to flag tweets won’t necessarily lead to more fact-checking or labels on problematic posts. The test, only available in a few markets, will let users notify the company about alleged misinformation in the same way they can alert Twitter to ...

Bloomberg US equity-index futures fluctuated between gains and losses, while the dollar halted a two-day rally, as investors assessed the outlook for economic recovery and awaited the latest Federal Reserve minutes to gauge the direction of monetary policy. Contracts on the S&P 500 Index slipped 0.1% after the underlying gauge falls by the most in four weeks. The dollar halted ...

Bloomberg Shares in HDFC Bank Ltd jumped after the Reserve Bank of India (RBI) said it would allow the lender to issue new credit cards, partially removing a months-long ban. The lender will roll out the preparations and strategies it has put in place to “come back with a bang” in credit cards, it said in a statement. It will ...

ABU DHABI / WAM Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, has closed its third Private Equity fund, MIC Capital Partners III (Fund III), with total commitments of $1.6 billion. Fund III surpassed its initial target and raised capital commitments from a diverse set of new and existing investors including leading pension plans, endowments, insurance plans, government ...

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received a call from Florence Parly, French Minister of Armed Forces, during which they discussed ways of boosting bilateral cooperation regarding regional defence and military issues of mutual interest to serve interests of the two friendly countries. Within the framework of cooperation between two countries, ...

ABU DHABI / WAM Major electricity projects valued at AED51 million ($13.9 million) have been inaugurated by the government of the Comoros. Financed by Abu Dhabi Fund for Development (ADFD), these projects will supply electricity to more than 12,000 homes and are expected to stimulate the economy of the island nation. Azali Assoumani, President of the Comoros, attended the inauguration ...

Bloomberg Oil fell for a fourth day, heading for the longest run of losses since March, on the threat to demand from the delta coronavirus variant. West Texas Intermediate futures declined 0.5% after losing almost 3% over the previous three sessions. US gasoline consumption fell for a third week, according to a survey by Descartes Labs, while data from China ...