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Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday.The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.8%, according to the Labor Department agency. All-item CPI had increased 0.5% in January.Excluding food and energy prices, core CPI also rose 0.2% on the month and was at 3.1% on a 12-month basis. Core CPI has…

Al Etihad Payments ties up with Mastercard to offer the co-branded cards in the UAEAl Etihad Payments and Mastercard have announced a strategic collaboration to launch ‘Jaywan-Mastercard’ co-badged debit and prepaid cards in the UAE.Al Etihad Payments, a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), operates the UAE’s national card switch (UAESWITCH) and manages domestic card scheme Jaywan.Jaywan-Mastercard debit and prepaid cards will enable cardholders to carry out secure, simpler, smarter and more accessible payment transactions, including e-commerce transactions, setting a new benchmark in the UAE’s payment landscape by combining innovative products and value-added services.Wide range…

Dubai’s luxury transport sector recorded a 44 percent increase in trips in 2024, reaching 43,443,678 compared to 30,219,821 in 2023. The sector has achieved record growth, the highest in recent years for the luxury transport sector via e-hail, Dubai Media Office reported.This growth in the luxury transport sector and e-hail services confirms the strategic vision adopted by the Roads and Transport Authority in Dubai to enhance mobility solutions and meet the growing needs of residents and visitors alike.Read more | Dubai: 747 million riders used public transport, taxis in 2024 with daily average exceeding 2 million Sustained growthAdel Shakri, director of…

As we enter 2025, the S&P 500 index has captured the attention of investors on Wall Street with its climb to new record levels.   Last February, the upward momentum of one of the most important U.S. stock indices continued as it surpassed the 6,000‐point barrier for the first time in its history and recorded an all‐time high of 6,147 points.   This strong performance has raised investor optimism, but at the same time, it has led analysts to cautiously anticipate the index’s trajectory in the new year—especially in light of political and economic developments that could reshape the financial…

As the risk of an economic slowdown grows in the United States, a trade pact with China could help reduce its severity by obliging Chinese importers to buy more American goods and making Chinese products cheaper in the US, analysts said, while cautioning that many obstacles stood in the way of any such deal.An agreement binding China to buy more US agricultural and energy products – something similar to the phase one trade deal reached in 2020 – would give the US a quick windfall, economists said.They said that if a reduction in US tariffs on imports from China, particularly…

Passenger traffic increased to 3.3 million in the first two months, up from 2.9 million Etihad Airways has celebrated the arrival of 1.6 million guests during February 2025, achieving a remarkable average passenger load factor of 89 percent. The airline reported that passenger traffic in the first two months of this year rose to 3.3 million, compared to 2.9 million during the same timeframe last year.Antonoaldo Neves, CEO of Etihad Airways, stated, “Our passenger numbers in February saw a strong 14 percent growth compared to the same period last year, as we continue to be among the world’s fastest-growing airlines.”…

Dubai Airports has been recognized with the 2025 Gallup Exceptional Workplace Award (GEWA) for its commitment to employee engagement. This award highlights organizations that cultivate some of the most engaged workplace cultures globally.Dubai Airports has consistently sought new methods to engage and develop its workforce, establishing new benchmarks for workplace excellence, Dubai Media Office reported. Furthermore, Dubai Airports has achieved the 75th percentile in employee engagement, placing it among Gallup’s best practice companies—a status attained only by organizations that consider engagement an essential component of their business strategy.Celebrating commitment to a thriving workplace“Congratulations to this year’s Gallup Exceptional Workplace Award…

Russian President Vladimir Putin speaks with Kremlin spokesman Dmitry Peskov during a summit of leaders of nations, which are members of the Commonwealth of Independent States (CIS), in Moscow, Russia October 8, 2024. Sergei Ilnitsky | Via ReutersAll eyes were on Moscow on Wednesday as the Kremlin broke its silence and delivered its initial reaction to Kyiv and the White House’s unilateral agreement proposing a temporary ceasefire to the war in Ukraine.Talks between U.S. and Ukrainian officials in Saudi Arabia on Tuesday ended with Ukraine agreeing to an immediate 30-day ceasefire negotiated by the U.S. — but Russia must still accept the measures.As part of the…

As we enter 2025, the S&P 500 index has captured the attention of investors on Wall Street with its climb to new record levels.   Last February, the upward momentum of one of the most important U.S. stock indices continued as it surpassed the 6,000‐point barrier for the first time in its history and recorded an all‐time high of 6,147 points.   This strong performance has raised investor optimism, but at the same time, it has led analysts to cautiously anticipate the index’s trajectory in the new year—especially in light of political and economic developments that could reshape the financial…

Abu Dhabi Registration and Licensing Authority (ADRA) has reported growth in key indicators related to consumer and commercial protection during 2024. The percentage of consumer complaints against economic establishments that were resolved amicably rose to 90 percent of the total in 2024, up from 83.4 percent in 2023. This increase, Abu Dhabi Media Office reported, reflects the effectiveness of ADRA‘s efforts to enhance consumer rights and support the vitality of the business sector. The estimated total value of goods and services related to these complaints was AED26.3 million.In addition to addressing and resolving consumer complaints, ADRA conducted field visits to…