ABU DHABI / WAM An evacuation plane carrying 178 nationals from seven countries arrived in the UAE this afternoon from Sudan, which has experienced clashes since mid-April. The plane carried the most vulnerable groups of the sick, children, the elderly, and women, as the UAE has placed them at the top of its priorities. Among those evacuated onboard the flight ...

BLOOMBERG British households and businesses pulled almost £11 billion ($13.8 billion) out from banks in March as panic spread from the collapse of Silicon Valley Bank (SVB) and the takeover of Credit Suisse Group AG. Households took out almost $6.32 billion (£5 billion) from bank accounts in the first decline in deposits in almost five years, Bank of England (BOE) ...

BLOOMBERG At least three nationwide Chinese banks lowered deposit rates, following a similar move by their smaller rivals in April as lenders battle shrinking margins. Mid-sized national banks including China Zheshang Bank Co, Hengfeng Bank Co and China Bohai Bank Co said they lowered deposit rates as much as 30 basis points on some tenors. After the adjustment, these lenders ...

BLOOMBERG Toronto-Dominion Bank (TD Bank) and First Horizon Corp have agreed to terminate their previously announced merger amid uncertainty about the possibility of regulatory approvals. The lenders said in a statement that they “entered into a mutual agreement” to terminate their 2022 merger. TD will make a $200 million cash payment to Memphis-based First Horizon, on top of a $25 ...

BLOOMBERG Australian bank margins have hit the peak and earnings are going to become harder to eke out, National Australia Bank Ltd (NAB) Chief Executive Officer (CEO) Ross McEwan warned. Speaking to Bloomberg Television after a record half-year profit failed to ease investor nerves about the bank’s outlook, McEwan said a decline in the share price was “somewhat expected.” “The ...

BLOOMBERG Morgan Stanley said it’s in talks with US prosecutors and regulators to resolve a probe into its block trading practices. “The firm is currently engaged in discussions regarding potential resolution of the investigations by the enforcement division of the US Securities and Exchange Commission (SEC) and the US Attorney’s Office for the Southern District of New York into various ...

GENEVA / WAM The United Nations Conference on Trade and Development (UNCTAD) will host the third UN Trade Forum on May 8-9 to identify trade policies that can help countries grow their economies while tackling pressing global challenges and accelerating progress towards achieving the UN’s Sustainable Development Goals. The forum will give particular attention to developing countries, which have been ...

ABU DHABI / WAM Corniche Hospital, part of the Abu Dhabi Health Services Company (Seha) — a subsidiary of the PureHealth Group — the UAE’s largest integrated healthcare platform, has launched a new, exciting model of care in its outpatient obstetric clinics — Al Heba Clinics — to commemorate the International Day of the Midwife. Part of the vision of ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has announced the signing of three memorandums of understanding (MoUs) with the Nuclear Power Operations Research Institute, the China National Nuclear Corporation Overseas and the China Nuclear Energy Industry Corporation. The signings of the MoUs were attended by Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of Enec. ...

ABU DHABI / WAM The UAE has welcomed the start of talks between representatives of the Sudanese Armed Forces and the Rapid Support Forces in Jeddah. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) commended the role of the Kingdom of Saudi Arabia and the United States of America and their efforts to ensure the dialogue ...