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Stock bulls watch $17 trillion burn a hole in pockets

Bloomberg In the stock market, the refusal of retail investors to back down from every macro threat has become the only story. When will it end? Judging by the size of all the pools of cash lying around, it could be a while. Among all the economic stories of the pandemic, the one about money piling up in people’s accounts ...

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UAE re-affirms commitment to eradicate polio in Pakistan

Islamabad / WAM The World Health Organisation (WHO), on behalf of the Polio Eradication Initiative, has announced on Saturday that the United Arab Emirates has made available a total of $23 million funding for polio campaigns and around $376000 for the procurement of frontline worker personal protective equipment for protection against Covid-19 in 84 highest-risk districts of Pakisan. This funding ...

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Oil ekes out weekly gain as demand offsets virus fears

Bloomberg Oil squeezed out its first weekly gain in three on signs that global demand is holding up despite concerns that the renewed spread of the virus could stall the recovery. Futures in New York rises 0.2% this week, completely recouping a selloff that was stoked by the rapidly spreading delta variant. Fuel demand and road traffic from the US ...

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