BLOOMBERG European shares climbed, bolstered by record profits at Switzerland’s UBS Group AG and expectations central banks’ rate-tightening cycle may be nearing an end.UBS Group’s more than 7% surge helped the Stoxx 600 benchmark trim its monthly retreat. The lender posted the biggest-ever quarterly profit for a bank as a result of its emergency takeover of Credit Suisse Group AG. …

BLOOMBERG August may just have marked the darkest hour before dawn for China’s battered equity markets, with some investors saying that Beijing’s recent efforts to boost confidence will bear fruit in the coming days. The CSI 300 Index, benchmark of onshore Chinese shares, lost 6.2% this month to cap its biggest decline October. Down over 8% each, Hong Kong’s benchmark …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan awarded the First Class Medal of Independence to Jiri Slavík on the occasion of the end of his tenure as ambassador of the Czech Republic to the UAE. Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, presented the medal to Ambassador Slavík during …