Meta Platforms Inc shareholders are paying dearly for its spending on the metaverse: The Facebook parent’s market value has collapsed by a whopping $520 billion in the past year, and now it’s on the brink of getting booted from the ranks of the 20 largest US companies. The punishment shows no signs of easing anytime soon. Meta’s stock is down ...

Chinese stocks in Hong Kong extended their recovery from a rout earlier this week, as investors focused on a slew of earnings and awaited further policy guidance following the Party congress. The Hang Seng China Enterprises Index, a gauge of Chinese equities trading in Hong Kong, climbed 0.5%. The third day of advance helped pare losses from a historic 7.3% ...

Abu Dhabi / WAM The European Union (EU) organised a webinar titled “EU-GCC Webinar on Energy Efficiency in the Building Sector: A Key Driver for Net-Decarbonisation”. Held in the context of the EU Climate Diplomacy Weeks 2022 and ahead of COP27, the webinar brought together around 100 European and Gulf policymakers, representatives of the private sector, including industrial and building ...