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Shares drop after Microsoft signals darker tech outlook

  Bloomberg Equity markets slipped on Wednesday after tech giant Microsoft Corp. and a slew of other major firms forecast slowing earnings, while lackluster US business activity data reminded investors of the likelihood of recession in the world’s biggest economy. Contracts for the Nasdaq 100 fell more than 0.5%, after a two-day rally in the underlying index ground to a ...

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Bitcoin eyeing first two-day drop of 2023

  Bloomberg Bitcoin is flirting with its first back-to-back drop since the start of the year following a poor revenue outlook from technology bellwether Microsoft Corp. that dented wider investor sentiment. The largest token fell as much as 2.5% and was trading at about $22,650 as of 6:11 am in London on Wednesday after edging lower in US hours. A ...

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President appoints Abu Dhabi Executive Council members

  Abu Dhabi / WAM In his capacity as the Ruler of Abu Dhabi, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a resolution to appoint members of the Abu Dhabi Executive Council. The resolution stipulates the appointment of Mohamed Ali Al Shorafa, member of the Abu Dhabi Executive Council, as the Chairman of the Department of ...

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