Bloomberg Global stocks trimmed gains and US equity-index futures dropped on concern the Federal Reserve will keep borrowing costs higher for longer. Optimism over China’s economic recovery that drove a rally in Asia fizzled in European hours. The Stoxx Europe 600 Index erased an advance, falling for a second day. The Shanghai Composite Index earlier climbed the most since …

  Bloomberg Oil capped its longest string of daily losses this year as hawkish signals from Federal Reserve officials added to concerns about a glut of crude piling up in storage. A significant increase in US inventories and a broader risk-off sentiment sparked by the prospect of continued rate hikes from the Fed have weighed on oil this week. The …

  Abu Dhabi / WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the International Defence Conference (IDC 2023), got underway on Sunday at Adnoc Business Centre one day ahead of the International Defence Exhibition and Conference (Idex), and the Naval Defence & Maritime Security Exhibition (Navdex). The one-day International Defence Conference is organised by …