ABU DHABI / Emirates Business Abu Dhabi’s burgeoning filmmaking industry and its position as a prominent production hub was highlighted at CABSAT in Dubai this week, which was attended by twofour54 executives Paul Baker, Issa Aghabi and Yusuf Buti. Paul Baker, Executive Director of Film and TV Services was a guest speaker on a panel discussion titled: “Challenges, trends, growth ...

Bloomberg Mario Draghi unleashed his most audacious stimulus package yet, unexpectedly testing the lower bounds of all the European Central Bank’s interest rates, expanding its monthly bond purchases by a third and signaling it may pay lenders to borrow its cash. The 25-member Governing Council, meeting in Frankfurt on Thursday, cut the rate on cash parked overnight by banks by ...

Bloomberg Euro-area government bonds surged after the European Central Bank unexpectedly cut all its interest rates and expanded its monthly bond purchases. Spanish 10-year yields dropped the most in five months with the decision boosting peripheral debt relative to the higher-rated peers. ECB officials cut the central bank’s deposit rate by 10 basis points to minus 0.4 percent, and its ...