Bloomberg GSK Plc and CureVac NV are planning further patient trials of their messenger RNA vaccines for flu and Covid-19 after promising early results, though the partners still lag behind rivals in the race to expand use of mRNA technology. The partners’ second-generation vaccine candidates showed promising abilities to spur the immune system in early-stage trials, CureVac said. The ...

Bloomberg Euro-area inflation returned to single digits for the first time since August, fuelling hopes that the bloc’s worst-ever spike in consumer prices has peaked. December’s reading came in at 9.2%, Eurostat said, with slower growth in energy costs the only reason for the moderation. The figure reflects slowdowns in Germany, France, Italy and Spain and was less than the ...

  Bloomberg China’s equities are poised to claim back a one-third weighting in a benchmark emerging-markets index, following a sharp outperformance sparked by an easing of strict Covid-19 curbs and a pivot to pro-growth policies. Stocks listed in the mainland and Hong Kong now account for 32.2% of the MSCI Emerging Markets Index, up from 26.8% in October. The MSCI ...

  Bloomberg European stocks better reflect the coming slide in earnings than pricey US peers, according Citigroup Inc. strategists. A team led by Robert Buckland raised European equities to overweight on Friday, saying valuations already discount a 15% drop in earnings. At the same time, they cut US shares to underweight on the grounds that earnings expectations are still too ...

Fujairah / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Emirates Council for Balanced Development, has launched the ‘Qidfa Development’ in the emirate of Fujairah, which is the first project of the ‘Emirates Villages’, an initiative aimed at creating a sustainable development model. HH Sheikh Theyab said ...

  Abu Dhabi / WAM The UAE strongly condemned the terrorist attack that took place in the Hiraan region, central Somalia, which resulted in the death and injury of numerous people. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) has announced the increase of its ownership in Adib Egypt to more than 52 percent. In a disclosure to the Abu Dhabi Securities Exchange (ADX) on Thursday, Adib stated that it had acquired 9.6 million shares from National Investment Bank (NIB), representing 2.4% of Adib Egypt’s share capital. The deal has ...

  Abu Dhabi / WAM Alpha Dhabi Holding and Mubadala Investment Company on Thursday announced the formation of a joint venture (JV) to co-invest in credit opportunities. Alpha Dhabi and Mubadala aim to collectively deploy up to AED9 billion over the next five years, leveraging Mubadala’s long-term and strategic partnership with Apollo, one of the world’s largest alternative asset managers, ...

  Bloomberg Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd, will be focusing his attention on the Indian conglomerate’s pivot to green energy, according to people familiar with the matter, after putting his children in charge of other businesses. The 65-year-old will oversee strategy, including the building of gigafactories and blue hydrogen facilities, will assess acquisition targets, and is ...

  Abu Dhabi / WAM Etihad Airways is boosting its flights to Bangkok, Thailand by doubling its frequency. From March 26, the airline will fly twice a day on the Abu Dhabi — Bangkok route, providing a total of 14 weekly nonstop services to Bangkok Airport (BKK). The flights will offer Etihad’s award-winning service and comfort across both Business and ...