Bloomberg President Joe Biden’s administration has slashed its target for Covid-19 vaccine donations abroad this year, amending a contract with Pfizer Inc. in the latest sign that world demand for the shots has collapsed. Under the revised deal, a total of 600 million Pfizer doses will be made available to the US by the end of the year, giving ...

  Bloomberg Salesforce Inc. Co-Chief Executive Officer Marc Benioff said the company will continue to make acquisitions, while focusing more immediately on integrating companies it already bought. “We’ve bought 60 companies — we’ll always buy companies,” Benioff said in an interview with Bloomberg Television from the software giant’s annual Dreamforce conference. Meanwhile, Salesforce is still integrating employees of recently acquired ...

  Bloomberg FedEx Corp. declined after the new CEO’s plan to cut costs and raise shipping rates fell flat with Wall Street, leaving investors concerned about deep challenges including slowing demand and elevated expenses. The courier said it will cut flights, defer projects and close offices as it seeks as much as $2.7 billion in savings this fiscal year. The ...

  Bloomberg Global bond yields surged and stocks extended declines at the end of a week that underscored expectations for tighter monetary policy and a slowing economy. A dollar gauge rose to yet another record and 10-year Treasury yields to the highest in more than a decade, while UK bonds plunged and the pound fell as markets priced in a ...

Bloomberg Cryptocurrencies outperformed US equities for a change, with Bitcoin and Ether gaining for the first time in five days. Bitcoin, the largest virtual currency by market value, rose about 2% to $19,2912 in New York. Earlier, it slid as much as 4% toward a three-month low. Ether rose about 1.5%. It had dropped as much as 20% since a ...

  ABU DHABI / WAM Worldwide employment in renewable energy reached 12.7 million last year, a jump of 700,000 new jobs in one year, despite the lingering effects of Covid-19 and the growing energy crisis, according to the “Renewable Energy and Jobs: Annual Review 2022” report. The report identifies domestic market size as a major factor influencing employment generation in ...

  DUBAI / WAM Salik Company, Dubai’s exclusive toll gate operator, on Thursday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM). The company confirms the previously announced upsized offering size of 1,867,500,000 ordinary shares (“Offer Shares”), equivalent to 24.9% of total issued share capital, along ...

ABU DHABI / WAM The United Arab Emirates will celebrate Saudi Arabia’s 92nd National Day on 23rd September with large-scale official and popular celebrations, under the theme, “Together Forever KSA-UAE,” underscoring the deep-rooted relations between the two countries. The UAE’s major landmarks and many official and private entities have started decorating their headquarters with Saudi flags, and shopping malls have ...

  ABU DHABI/ WAM Under the directives of HH Sheikh Khaled bin Mohamed bin Zayed, Deputy National Security Adviser, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, the Abu Dhabi Department of Education and Knowledge (ADEK) has launched the Khotwa (RizeUp) scholarship programme to further enhance access to education opportunities and open new knowledge horizons ...

  ABU DHABI / WAM The non-oil foreign trade between the UAE and Saudi Arabia grew by 92.5 percent over the past decade to AED124.69 billion by the end of 2021, compared with AED64.79 billion by end of 2012, according to statistics from the Federal Competitiveness and Statistics Centre (FCSC). The trade exchange between the two countries in the first ...