BLOOMBERG Bitcoin may be closer to bursting out of a period of unusually low volatility if chart patterns and the token’s history are any guide. Some gauges of how much the largest digital asset swings around dropped toward a record low in the past month as Bitcoin hovered around $30,000. The lull coincided with a cooling in the token’s 2023 …

BLOOMBERG European stocks rallied, led by a bounce in Italian banks, as investors weighed Rome’s backtracking on part of its windfall tax on lenders. The FTSE MIB Index was up 1.9% after dropping the most in over a month on Tuesday, as Italy said the impact of the tax may be limited for some banks and that the levy won’t …

DUBAI / WAM Dubai’s Real Gross Domestic Product (GDP) grew 2.8 percent year-on-year in the first quarter of the year to reach AED111.3 billion surpassing average global growth rates for Q1 2023. The surge maintains the robust momentum of growth achieved in 2022, when the emirate experienced a 4.4 percent expansion of the economy. HH Sheikh Hamdan bin Mohammed bin …