Bloomberg In the equity market, fear of missing out seems to be overshadowing fear of all that’s wrong with the economy. Goldman Sachs Group Inc. says pessimism will soon get the upper hand and send the S&P 500 Index down almost 20% in the next three months. Fiscal and monetary support over the past few weeks of the coronavirus pandemic ...

Bloomberg Oil pared last week’s gain as fears of a potential resurgence in global coronavirus cases countered tentative signs of a demand recovery. Futures fell 2.3% in New York to trade near $24 a barrel. China put Shulan, a city near the North Korean border, in lockdown over the weekend, while in the US, the White House was hit with ...

DUBAI / WAM The Federal Authority for Government Human Resources announced that the Eid al-Fitr holiday for federal entities in the UAE will begin on Friday, Ramadan 29 (corresponding to May 22) until Shawwal 3, 1441 H, which is yet to be declared. The authority offered greetings on the occasion to the people of the UAE and Arab and Islamic ...