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Elon Musk’s Tesla share sales approach the $40 billion mark

  Bloomberg Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he’s offloaded since late last year to almost $40 billion. The latest disposal of about 22 million shares this week coincided with Musk falling from the top spot on the Bloomberg Billionaires Index, a position he’d occupied since September of last year. Tesla’s ...

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US, European equities tumble as Fed shock halts global rally

  Bloomberg US equity-index futures and European stocks declined after the Federal Reserve rebuffed expectations for a dovish tilt and said interest rates will go higher for longer. Contracts on the S&P 500 and Nasdaq 100 gauges fell at least 1.1% each. Demand for haven assets sent the dollar and Swiss franc higher amid a wave of rate hikes from ...

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New domestic worker law comes into force in UAE, says ministry

  Abu Dhabi / WAM The Federal Decree-Law No. (9) of 2022 regarding domestic workers will come into force as of December 15, said the Ministry of Human Resources and Emiratisation (MoHRE) on Wednesday. The decree-law establishes a comprehensive framework to strengthen and regulate labour relations for the recruitment and employment of the domestic workers in the UAE and defines ...

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