DUBAI/ WAM Dubai International Financial Centre (DIFC), in collaboration with Refinitiv, a London Stock Exchange Group business and one of the world’s largest providers of financial markets data and infrastructure, today published a report titled “Drivers of Innovation in Financial Services”, revealing a five-year outlook for innovation in the financial services industry. Following the initial wave of innovation sparked during ...

BLOOMBERG Even before the European Union targeted imports of cheap Chinese electric vehicles, their makers faced another big challenge: winning over consumers who don’t know or necessarily trust their brands. At the heart of their strategy is the traditional dealership model that European carmakers have been exiting in favour of direct sales. BYD, Xpeng, Great Wall Motor and others hope ...

BLOOMBERG The pound weakened and UK stocks rallied after British inflation slowed unexpectedly, catching traders off guard as they prepare for the Federal Reserve’s policy decision later. Sterling fell as much as 0.5% against the dollar to its lowest level since May as traders bet that the Bank of England is nearing the end of its hiking cycle, with only ...