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Dubai South, Chinese firm sign pact

DUBAI / WAM Dubai South has signed an agreement with Beijing New Aerotropolis Holdings Co, China, to establish a comprehensive framework for nurturing cooperative relations, encouraging mutual growth in areas like economic development, urban land-planning, job creation, training, and sustainability. The agreement was signed by Zhigang Liu, Chairman of Beijing New Aerotropolis, and Mohsen Ahmad, CEO of the Logistics District, ...

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Indian stocks head for record high, boosted by foreign inflows

BLOOMBERG Indian equities headed for fresh all-time closing highs as foreign funds piled into the market, lured by the promise of faster economic growth and an extended pause on interest rates. Equities rebounded from this year’s lows touched in March as global funds, disappointed by China’s uneven recovery, increased holdings of Indian stocks to capitalise on one of the fastest ...

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Technology shares sink in Europe; GameStop plunges

BLOOMBERG European technology shares fell the most in two weeks on worries that central banks will keep driving interest rates higher. ASML Holding NV lost 1.8%, the biggest drag on the Stoxx 600 on Thursday. In the US pre-market, GameStop Corp plunged 18% after firing its chief executive and reporting sales that fell short of estimates. Technology stocks, which tend ...

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