BLOOMBERG Morgan Stanley is preparing a fresh round of job cuts amid a renewed focus on expenses as recession fears delay a rebound in dealmaking. Senior managers are discussing plans to eliminate about 3,000 jobs from the global workforce by the end of this quarter. That would amount to roughly 5% of staff excluding financial advisers and personnel supporting them ...

BLOOMBERG Banks in the euro zone curbed lending more than anticipated after borrowing costs jumped and turmoil gripped the financial sector, reinforcing calls for the European Central Bank (ECB) to slow the pace of its interest-rate hikes. Credit standards “tightened further substantially” in the first quarter, according to the ECB’s Bank Lending Survey. “The tightening for loans to firms and ...

ABU DHABI / WAM The UAE continues its pioneering efforts to combat climate change through various institutions that have implemented diverse initiatives to reduce greenhouse gas emissions, increasing investment in clean energy, and launching various projects in the renewable energy sector.In this report, the Emirates News Agency (WAM) will highlight the efforts of the Environment Agency — Abu Dhabi (EAD) ...