DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) has announced the scheduled launch date for the first mission of the Payload Hosting Initiative (PHI)-Demo. The mission is set to launch on June 27, 2023, at 15:34 GST from Russia’s Vostochny Cosmodrome aboard the Soyuz-2 rocket. The PHI-Demo mission is a joint initiative between MBRSC and the United Nations ...

BLOOMBERG The jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. A surge in purchases by Chinese residents, driven by pent-up demand after three years of pandemic restrictions and optimism that the economy would quickly rebound, is starting to slow — yet another sign that the recovery is losing momentum. China vies with India ...

BLOOMBERG Stocks fell with US Treasuries as the second-quarter (Q2) rally met resistance from economic headwinds and signs that positioning is overbought.The chemical industry led declines in Europe after Lanxess AG slumped as much as 15% on a profit warning, dragging shares of peers including BASF SE lower. Drug maker Sanofi gained the most since March after a favourable arbitration ...