BLOOMBERG Healthcare stocks are heading for their worst annual performance relative to the broader market in almost 25 years as a new class of weight-loss drugs looks set to reorder the market for a host of existing profitable treatments. The group — which includes the likes of Pfizer Inc and CVS Health Corp — is one of the worst performers …

BLOOMBERG European Central Bank (ECB) President Christine Lagarde reiterated that borrowing costs will remain elevated for as long as needed to tame consumer prices — even as the economy struggles. “Our future decisions will ensure that the key ECB interest rates will be set at sufficiently restrictive levels for as long as necessary,” Lagarde told lawmakers in the European Parliament. …

AJMAN / WAM HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, issued Emiri Decree No 9 of 2023 regarding the establishment of the Ajman Government Media Office. The establishment of the office aims to boost the emirate’s stature and its media identity and reach globally, and reinforce transparency by providing accurate and reliable information …