Bloomberg HSBC Holdings Plc has lost two senior investment bankers in Asia, according to people familiar with the matter, as global banks compete for financial technology talent and the dealmaking slows down. Nate Tan, a managing director, has left the British lender and will join Singapore’s United Overseas Bank Ltd. in its digital banking platform team, the people said, ...

  Bloomberg European stocks retreated and bond yields tumbled as comments by Federal Reserve Chair Jerome Powell and growth data in Europe stoked fear about a global dowturn. Oil extended losses. The Stoxx Europe 600 Index slipped about 1%, with miners and energy firms posting the biggest declines. Contracts on the Nasdaq 100 flipped to gains from losses while those ...

  Bloomberg SoftBank Group Corp founder Masayoshi Son is used to praise and encouragement from shareholders. But company’s loss of $34 billion in market value over the last year is a test for even his most faithful admirers when they gather for the annual shareholders’ meeting. Investors stuck by Son when SoftBank announced a holding company strategy in 2015 to ...

  Bloomberg At least 1,000 people have been killed and hundreds more injured after a powerful earthquake hit southeastern Afghanistan overnight, setting off a new humanitarian crisis in a country already facing a crumbling economy and hunger. The eastern Paktika province was the worst hit, Sharafuddin Muslim, the deputy state minister for Disaster Management said. The state-run Bakhtar News agency ...

  ABU DHABI / WAM Under the directive of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the 28th United Nations Climate Change Conference of the Parties (COP28) will be hosted at Dubai Expo City. The directive underlines the venue’s unique proposition as a state-of-the-art destination, which brought the world together in the UAE for six months. Both Expo ...

Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) signed an agreement with Pure Health, the UAE’s largest integrated healthcare group, to join the National In-Country Value Programme, one of the key pillars of the national industrial strategy. As part of the agreement, that was signed on the second day of the “Make it in the Emirates” ...

  Abu Dhabi / WAM Edge, an advanced technology group for defence and beyond, on Wednesday signed a memorandum of understanding with Abu Dhabi-based Troossmil Trading LLC to forge long-term collaboration for the supply of coating materials for munitions, and other locally manufactured speciality products. The agreement was signed by Ahmed Al Khoori, Senior Vice President of Strategy & Excellence ...

  Ajman / WAM A delegation from the Ajman Chamber of Commerce and Industry (ACCI) visited the Casablanca Chamber of Commerce, Industry and Services – the Kingdom of Morocco, to discuss ways of mutual cooperation and exchange experiences, and review the best practices that support the development of the economic environment. This visit is a part of the ACCI’s efforts ...

  DUBAI / Gulf Time With the significant demand for air travel during Hajj, Emirates is deploying extra flights to ensure more connectivity for the scores of pilgrims making their way to the Holy City of Makkah. Emirates will be operating special flights to Jeddah and Medina during the upcoming Hajj season to carry pilgrims for this special period. Emirates ...

  Abu Dhabi / WAM The Ministry of Finance announced that the revenues of federal authorities in the first quarter of 2022 amounted to AED11.339 billion while their expenditures amounted to some AED11.354 billion during the same period. In the financial performance report of the outcomes of the implementation of the general budget of the Federation for the first quarter ...