Bloomberg South Korea’s benchmark stock index erased its gain for the year on renewed outflow of foreign funds amid worries that the new Covid-19 variant could hamper the global economic recovery. The equity benchmark falls 2.4%, with losses accelerating in the afternoon following a Financial Times that Moderna Inc’s CEO said existing vaccines may struggle against the omicron strain. The ...

Abu Dhabi / WAM On the occasion of the Commemoration Day, President His Highness Sheikh Khalifa bin Zayed Al Nahyan said that the UAE will remain indebted to its heroes who sacrificed their very souls for the sake of their homeland. “The sacrifices of our martyrs will remain indelible in the conscience of homeland and our national memory. Their heroic ...

Bloomberg Oil pared gains in volatile trading after rebounding from one of its biggest daily drops as traders weighed the risks to demand from the omicron variant of Covid-19 and the potential response by Opec and its allies. Futures in New York were up about 3.5% on Monday after earlier rallying as much as 7%. The World Health Organisation warned ...