Bloomberg Alphabet Inc. is defying political taboos with record stock buybacks as mass unemployment and economic uncertainty boosts scrutiny for the long-controversial practice. S&P 500 companies are set to reduce buybacks by an estimated 50% this year, according to Goldman Sachs. Yet, the Google parent company bought $8.5 billion of its own shares in the first quarter alone. That’s the ...

DUBAI / WAM The Emirates Food Security Council, in conjunction with the Ministry of Energy and Industry, has revealed that 568 factories in the UAE produce 5.96 million tonnes of food and beverage (F&B) products annually, with 2.3 million tonnes comprising essential food items. Releasing a statement to highlight the efficiency of the UAE’s food production landscape, the council announced ...

Bloomberg Oil jumped for a second day as global production cuts deepened and signs of a fledgling demand recovery emerged. Futures in New York rose by as much as 18%. Norway said it will participate in oil-output cuts for the first time since 2002, joining other major producers in reining in supply. Data on Wednesday showed a surprise surge in ...