Bloomberg German Chancellor Olaf Scholz called for more countries to join international efforts to isolate Russia, saying President Vladimir Putin must not be allowed a victory in Ukraine that could embolden other warmongers. Scholz’s plea came as the European Union struggles to maintain a united front in talks over further sanctions against Moscow, and many emerging powers in Asia, Africa ...

Bloomberg The US ambassador to the Organization for Security and Co-operation in Europe (OSCE) warned Russia could use any Ukraine territory it holds onto as a “springboard” to capture more terrain. Germany’s chancellor said Russia wants to “bomb us back to a time when war was a common political tool.” Nato Secretary General Jens Stoltenberg told allies the war “may ...

Bloomberg Singapore’s Prime Minister Lee Hsien Loong urged that China remain integrated in the region, days after US President Joe Biden visited Asia for a series of summits that excluded the world’s second-largest economy. “If US-China relations continue on this path, it will lead to further bifurcation of technology and splitting of supply chains or even worse unintended consequences,” Lee ...

Bloomberg When Texas Governor Greg Abbott signed into law measures that would allow adults to carry handguns without a license in 2021, smiling at the dais a seat away from him was the head of the National Rifle Association (NRA). After the shooting deaths of at least 19 children and two adults at an elementary school in Uvalde, the Republican ...

  Bloomberg The gap in inflation experienced by the richest and poorest households in the UK has expanded to its widest level in at least 16 years, according to a report by the Resolution Foundation think-tank. Soaring energy bills as well as higher food costs have sent the UK’s overall inflation rate to a 40-year high of 9%. But headline ...

  Bloomberg Apple Inc is raising salaries for workers in the US by 10% or more as it faces a tight labour market and the spread of unionisation efforts across its retail stores. The Cupertino, California-based company is expanding its overall compensation budget this year, it said in a statement. It will hike minimum hourly pay for its staff to ...

  Bloomberg US equity futures were mixed and bonds gained on Thursday as traders weighed Federal Reserve minutes that struck a less hawkish note with downbeat remarks on China’s economy by Premier Li Keqiang. Contracts on the Nasdaq 100 and S&P 500 fluctuated amid mixed corporate news. Nvidia Corp. fell more than 5% in premarket trading as China’s Covid-19 lockdowns ...

Bloomberg It’s time to buy the dip in stocks, particularly in Europe and emerging markets, on their appealing valuations after a steep global selloff, according to strategists at Citigroup Inc. Strategists led by Robert Buckland said in a note that Citi’s bear market checklist is currently warning about only six out of 18 red flags, which compares with 13 red ...

  Abu Dhabi / WAM The UAE began a new era of clean energy production and climate neutrality by producing the first kilowatt (KW) of energy from waste, through the inauguration of the Sharjah Waste-to-Energy Plant. The plant, the first of its kind in the region, will help turn nearly 300,000 tonnes of waste into energy annually, producing 30 megawatts ...

  Abu Dhabi / WAM The UAE’s non-oil foreign trade in the first quarter (Q1) of 2022 was close to AED500 billion for the first time in the country’s history, totalling AED499.7 billion, a growth of 20.5 percent compared to AED414.6 billion recorded in the same period of 2021, according to the Federal Competitiveness and Statistics Centre. This figure is ...