BLOOMBERG A selloff in government bonds accelerated Monday as the threat of further rate hikes unsettled traders. The yield on 30-year German bonds rose nine basis points to 2.72%, the highest since early 2014. Similar-maturity Treasury yields jumped seven basis points. US equity futures rose modestly, signalling a rebound from Friday’s retreat. Federal Reserve Governor Michelle Bowman said over the ...

DUBAI / WAM Dubai’s resurgent tourism industry is celebrating a successful first half of 2023 (H1 2023), after welcoming a record 8.55 million international overnight visitors, compared to 8.36 million tourists in H1 2019. Surpassing pre-pandemic visitation levels and further bolstering the city’s bid to become the world’s most visited destination, the latest data published by Dubai’s Department of Economy ...

DUBAI / WAM Due to the emirate’s inclement weather, Dubai Municipality received up to 100 emergency reports. Rainwater pools in a few Dubai neighbourhoods to fallen trees on several main and internal roadways were among the emergencies. Since the weather situation, the municipality has taken preventive precautions and has put its emergency response teams on standby. As the rain stopped, ...