BLOOMBERG Deutsche Bank AG’s rates traders received some of the biggest increases in bonuses as Germany’s largest bank unveiled compensation details. The business, which saw revenue jump five-fold last quarter amid rapid increases in central bank interest rates, saw the largest gain in variable compensation within the securities unit, according to people familiar with the matter. Currency traders and the ...

BLOOMBERG Credit Suisse Group AG is escalating efforts to win back clients with deposit rates that are significantly higher than rivals as a run of senior banker departures adds urgency to its campaign to recoup assets. After unprecedented outflows in the fourth quarter, the Zurich-based lender has raised three-month rates to as much as about 6.5% for new money of ...

BLOOMBERG China sent the most warplanes near Taiwan in nearly two months, a move that comes as the US approved the sale of $619 million worth of arms to the democratically run island. Some 17 J-10 and four J-16 fighter jets were detected in the southwestern part of the island’s air-defense identification zone in the 24 hours to early Thursday, ...

BLOOMBERG Secretary of State Antony Blinken held a brief encounter with his Russian counterpart on the sidelines of the Group of 20 summit in India, their first in-person meeting since Russia’s invasion of Ukraine a year ago. The top US diplomat pressed Foreign Minister Sergei Lavrov to move towards a peace deal with Ukraine and advocated for US citizens detained ...

BLOOMBERG Vladimir Putin called an attack in a village near the border with Ukraine “a terrorist act,” hours after scrapping plans to travel to southern Russia on Thursday over the episode. “They crossed into the border zone and opened fire on civilians” who were in a vehicle, Putin said in comments at the start of a televised video conference with ...

ABU DHABI / WAM Emirates Red Crescent (ERC) and Q Holding PJSC signed a cooperation agreement to strengthen their partnership in humanitarian fields. The agreement outlines mechanisms for coordination and cooperation between the two parties and Q Holding’s role in supporting the ERC’s humanitarian and development efforts in the UAE and abroad. It also aims to promote corporate social responsibility ...

ABU DHABI / WAM Emirates Water and Electricity Company (Ewec) has, for the first time, met 80% of total power demand in Abu Dhabi using renewable and clean energy from its solar and nuclear energy plants. In the process, Ewec supplied approximately 6.2 gigawatts (GW) of the total 7.7GW system power demand. The significant achievement to meet 80% of total ...

DUBAI / WAM DMCC – the world’s flagship free zone and government of Dubai Authority on commodities trade and enterprise – has partnered with Digital Wave Finance (DWF) Labs, a global digital asset market maker and multi-stage web3 investment firm, to offer a new $5 million growth platform for web3 and blockchain businesses at the DMCC Crypto Centre. As a ...

BARCELONA / WAM e& on Thursday received the Brand Finance Telecoms 150 2023 award as the most valuable portfolio of telecom brands in the Middle East and Africa. e& has undergone a significant transformation, resulting in remarkable business growth and sustained stakeholder confidence. The transformation into a global technology and investment group has seen e &’s portfolio of brands grow ...

BLOOMBERG GSK Plc’s vaccine for respiratory syncytial virus (RSV) won the support of a key panel of US regulatory advisers for use in people aged 60 and older, as the drugmaker races against Pfizer Inc to bring to market the first vaccine for RSV. The panel of 12 outside  advisers to the Food and Drug Administration (FDA) voted unanimously that ...