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Stocks, futures decline on pervasive economic fears

  Bloomberg Stocks in Europe fall along with US futures and commodities amid ever-louder warnings that Federal Reserve monetary tightening may lead to an economic downturn. The Stoxx Europe 600 Index retreated while contracts on the Nasdaq 100 extended declines to 2% and those on the S&P 500 also dropped, pointing to a reversal from Monday’s bounce in the main ...

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Bitcoin sinks again as risk-off mood returns on recession fears

  Bloomberg Bitcoin resumed a fall on Wednesday, moving in tandem with weakening stocks amid mounting concerns about a global recession. The largest cryptocurrency declined as much as 4.3% to $19,947, and was holding right around the key $20,000 level as of 9:08 am in London. Ether falls by a maximum 5% to $1,066.02. Shiba Inu, the 14th-biggest cryptocurrency by ...

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Abu Dhabi all set to launch new industrial strategy in two weeks

  Abu Dhabi / WAM Mohamed Ali Al Shorafa Al Hammadi, Chairman of the Abu Dhabi Department of Economic Development, announced that Abu Dhabi will launch a new industrial strategy in two weeks, which will include four strategic pillars. In his statement to the Emirates News Agency (WAM) on the sidelines of the “Make it in the Emirates” forum held ...

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