Bloomberg European stocks and US equity futures slumped as an unexpectedly strong US jobs report raised the prospect of more rate hikes from the Federal Reserve. Concern over US-China geopolitical tensions also weighed on sentiment. The Stoxx Europe 600 index dropped more than 1% after closing on February 3 in a bull market, with the technology and real estate ...

  Bloomberg India’s weighting in MSCI’s emerging-market benchmark dropped after the brutal selloff in Adani group’s stocks, giving away its second spot to Taiwan after a rally in the latter’s market. As of the end of January, Taiwan’s weighting in the MSCI Emerging Markets Index rose to 14.2%, behind leader China’s 31.2%, while India’s fell to the third spot with ...

  Dubai / WAM The World Government Summit 2023 will be held in Dubai from February 13-15, under the slogan “Shaping Future Governments”. The summit witnesses the participation of presidents, governments, ministers, officials, heads of international organisations and companies, thought leaders, global experts and prominent business leaders from the private sector. Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs ...