Bloomberg Shareholders in some of the biggest US companies reaped wealth gains in the pandemic that outpaced pay hikes for their employees by more than 50 to 1, according to a study by the Brookings Institution. The report — focused on 22 industry leaders, including Amazon.com Inc. and McDonald’s Corp. — found that stockholders added some $1.5 trillion in ...

Bloomberg Oil edged higher after a tumultuous session where traders weighed concerns about tight global supply with Germany announcing a ban on Russian oil and a sharp drop in US crude inventories. West Texas Intermediate settled above $102 on Wednesday after swinging between gains and losses. German Foreign Minister Annalena Baerbock said that the country plans to stop importing oil ...

  DUBAI / WAM The Federal Authority for Government Human Resources on Thursday announced that the Eid al-Fitr holiday for the federal entities in the UAE will begin on Ramadan 29 (corresponding to April 30) until Shawwal 3, 1443 Hijri, which is yet to be declared. The authority also offered greetings to the people of the UAE and Arab and ...