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Escalating chaos again proves incapable of derailing S&P 500

Bloomberg First it was a shouting match of a presidential debate that raised doubts about the sanctity of the electoral process, then news Donald Trump had fallen ill with Covid-19. The S&P 500’s verdict on such a nerve-wracking week? Up 1.5%. Even with the decline on the president’s diagnosis, stocks managed enough buoyancy over the first four days to come ...

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Sheikh Zayed Grand Mosque, Founder’s Memorial reopen

Abu Dhabi / WAM The Ministry of Presidential Affairs, in coordination with the National Emergency Crisis and Disaster Management Authority (NCEMA) announced the re-opening of the Sheikh Zayed Grand Mosque (SZGM) both in Abu Dhabi and Fujairah as well as the Founder’s Memorial in the UAE capital, to visitors from Sunday. The reopening will pursue a high-standard system of precautionary ...

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Oil declines as virus fears fuel further economic uncertainty

Bloomberg Oil falls in New York and the global benchmark Brent plummeted to the lowest level since June after President Donald Trump’s positive Covid-19 diagnosis combined with labour market weakness heightened concerns over an economic recovery. US crude futures declined 4.3% and Brent slid below $40 a barrel in volatile trading. A top World Health Organisation (WHO) official said the ...

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