Recent Posts

US futures surge on Biden-Putin summit

  Bloomberg US equity futures rise and Asian stocks pared losses on Monday as traders evaluated the possibility of a summit on Ukraine between President Joe Biden and his Russian counterpart Vladimir Putin. Nasdaq 100, S&P 500 and European contracts erased falls to climb about 1%, while an Asia-Pacific equity index came off its lows but stayed in the red. ...

Read More »

UAE offers condolences over Brazil flood, landslide victims

ABU DHABI / WAM The United Arab Emirates has expressed its sincere condolences and solidarity with Brazil over the victims of floods and landslides that have hit the Brazilian state of Rio de Janeiro, killing scores of people, leaving tens of injured and missing, and triggering widespread damage. In a statement, the Ministry of Foreign Affairs and International Cooperation expressed ...

Read More »

India gets $20b in investment proposals for chip production

  Bloomberg India has received proposals worth $20.5 billion from five companies to manufacture semiconductor fabs and display fabs locally, according to a government statement. Companies including Vedanta in joint venture with Foxconn, Singapore-based IGSS Ventures pte, and ISMC have proposed $13.6 billion investments for manufacturing the chips, which are used in a wide array of products ranging from 5G ...

Read More »
Send this to a friend