Bloomberg Vaccine developers, electric-vehicle startups and a bankrupt car-rental company captured the imagination of individual investors in 2020 as Reddit chat rooms touted the so-called meme stocks as the next big winners. The wild swings reflected bets by individuals, many of them new to the market, who looked to brokerage apps like Robinhood Markets to pass the time during the ...

Bloomberg Russia plans to support a further gradual increase in Opec+ production at the next meeting in January, because crude prices are within an optimal range. “To restore our output, that we’ve reduced a lot, the price range of $45 to $55 a barrel is the most optimal,” Deputy Prime Minister Alexander Novak told reporters in Moscow. “Otherwise we’ll never ...

DUBAI / WAM Dubai’s Supreme Committee of Crisis and Disaster Management, in its meeting stressed the importance of following precautionary measures outlined by health authorities in the UAE and the World Health Organisation (WHO) to protect the community from Covid-19. The meeting was chaired by His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum. The committee’s statement came as ...