BLOOMBERG Apple Inc has abruptly shut down one of its retail stores in Charlotte, North Carolina, after the mall where it’s located suffered at least three shootings in recent months. The company informed the store’s employees that the location would be closing immediately, according to people with knowledge of the matter. The store was open for business and a copy ...

BLOOMBERG Swedish home prices have yet to hit a bottom as one of the world’s most severe housing routs is about to enter its second year. Soaring consumer prices and a string of interest-rate increases have dealt a heavy blow to the Swedish economy, which is particularly sensitive to rising borrowing costs. The country’s households have some of the highest ...

BLOOMBERG Elon Musk’s latest master plan for Tesla Inc fell flat as the electric-car maker shared scant details about next-generation models that will underpin its next phase of growth. The almost four-hour presentation was long on calculations of what the sustainable energy transition will require, along with boasts about manufacturing and engineering efficiencies. But Musk and the executives who joined ...

BLOOMBERG Stock markets worldwide extended losses on Thursday, as US 10-year Treasury bonds topped 4% for the first time since November in a sign that the Federal Reserve’s warnings of higher-for-longer interest rates are finally sinking in. Europe’s Stoxx 600 equity index retreated 0.5%, having fallen to three-week lows as hotter-than-forecast German inflation data pushed money markets to bet on ...

BLOOMBERG Shares of Adani group companies climbed on Thursday as block trades in some of the conglomerate’s stocks suggested institutional investors were buying after a prolonged rout. Flagship Adani Enterprises Ltd. erased an early loss of 10% as 36.8 million shares, equalling 3.2% of its equity, changed hands in two block trades. A series of block deals also punctuated early ...

DUBAI / WAM Investopia 2023 announced the launch of its newly innovative investment platform “Marketplace”, with the aim of enhancing the UAE attractiveness to foreign investments in various economic and commercial sectors, in particular the new economy sectors, and with the aim to position the UAE as a leading investment destination on the regional and global level. The launch will ...

ABU DHABI / WAM The first political consultation committee between the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Ministry for Foreign and European Affairs and Trade of the Republic of Malta took place virtually. The meeting was chaired by ambassador Lana Zaki Nusseibeh, Assistant Minister of Foreign Affairs and International Cooperation for Political Affairs and Permanent ...

BLOOMBERG Oil dipped after hot inflation data led traders to anticipate that central bankers are likely to stay hawkish for the coming months, offsetting hopes for higher demand from Asia. West Texas Intermediate dropped below $76.50, reversing earlier reached gains after China and India released strong manufacturing and oil-sales data. Crude has weakened this year as the prospect of tighter ...

ABU DHABI / WAM The Central Bank of the UAE has released figures showing that the total investments of banks operating in the country reached a historic high of AED528 billion at the end of December 2022. This represents an 11.5% annual increase or AED54.5 billion compared to the same period in the previous year, when total investments were AED473.2 ...

BLOOMBERG The plan for greater US military access in the Philippines has drawn opposition from politicians who raised concerns the Southeast Asian nation might be embroiled if tensions with China over Taiwan escalate. Senator Imee Marcos, the president’s sister, said the move to allow American troops in more Philippine sites is geared at bolstering the US’ possible defense of Taiwan ...