BLOOMBERG European stocks fell as the 10-year yield on Treasuries hit 5% for the first time since 2007. Europe’s Stoxx 600 index sank 0.4% and S&P 500 equity futures edged lower. The yield on the US 10-year note rose nine basis points as investors bet signs of a strong economy will keep interest rates higher for longer. Oil slipped to ...

BLOOMBERG In the ballroom of the five-star Shangri-La Singapore hotel, Anthony Tan celebrated a triumph for the country’s up-and-coming tech scene. “Today we shine a spotlight on Southeast Asia!” he told the adoring crowd. His company, Grab, the region’s answer to Uber, was about to make its stock market debut. Tan had launched Grab Holdings Ltd in 2012, just as ...

ABU DHABI/ WAM Abu Dhabi Fund for Development (ADFD) participated in the inauguration ceremony of the Gudule General Hospital in Juba, South Sudan. The AED36.73 million (US$10 million) project was funded by ADFD from a UAE development grant. This initiative aims to support the healthcare sector in South Sudan by establishing a 60-bed hospital containing modern equipment to meet the ...