Blog Layout

Myanmar junta frees over 3,000 prisoners in New Year amnesty

Myanmar

BLOOMBERG Myanmar’s military rulers have announced the release of more than 3,000 prisoners as part of a holiday amnesty, a week after one of the deadliest air strikes carried out by the junta since it seized power. The State Administration Council (SAC) announced the move, which included the release of 98 foreigners, as part of the traditional New Year state ...

Read More »

G-7 displays united front on China after Macron controversy

Macron g 7

BLOOMBERG Top diplomats from Group of Seven (G-7) nations sought to project unity on China and other issues after French leader Emmanuel Macron stirred unease across the bloc with a conciliatory tone on a recent trip to Beijing. “The last day has only reinforced the convergence of views that we have on the approach to the most important issues of ...

Read More »

UN calls for ‘immediate’ ceasefire in Sudan, as death toll mounts

Sudan un

NEW YORK / WAM Clashes intensified across Sudan on Monday, as top UN officials urged rival military factions to protect civilians and respect the country’s international obligations. “I strongly condemn the outbreak of fighting that is taking place in Sudan and appeal to the leaders of the Rapid Support Forces (RAF) and the Sudanese Armed Forces (SAF) to immediately cease ...

Read More »

Nuclear powers pledge to push Putin out of uranium markets

Lead pix nuclear

BLOOMBERG Nuclear powers within the Group of Seven (G-7) nations pledged to end Russia’s dominance over global atomic-fuel markets, potentially cutting off a critical source of geopolitical currency for Russian President Vladimir Putin more than a year after his invasion of Ukraine. Canada, France, Japan, the UK and US committed to jointly dislodge Russia from global nuclear supply chains. Even ...

Read More »

Euro area’s blue-chip index eyes highest level since 2007

German share price index dax graph is pictured at the stock exchange in frankfurt

BLOOMBERG The euro area’s blue-chip index is finally set for its highest close since the global financial crisis. The Euro Stoxx 50 gained as much as 0.3% on Monday, putting it on track to close at its highest level since December 2007, before trading little changed in London. TotalEnergies SE, Airbus SE and Prosus NV outperformed. The gauge got a ...

Read More »

Morgan Stanley strategist sees US stock rally at risk

Side lead

BLOOMBERG The rally in the S&P 500 has been driven by only a handful of stocks, putting the index at risk of fresh lows if bond yields rise, according to Morgan Stanley’s Michael Wilson — one of the most bearish voices on Wall Street. The percentage of stocks outperforming the S&P 500 on a three-month rolling basis is the lowest ...

Read More »

Harmony Medical Group holds iftar party, celebrates accreditation in global healthcare

Harmony

ABU DHABI / GULF TIME Harmony Medical Group, which specialises in dentistry, and pioneers in the health scene in the UAE capital, Abu Dhabi, held a special iftar party at the Four Seasons Hotel, Al Maryah Island, Abu Dhabi. The event was attended by Their Excellences: Sheikh Ahmed bin Hamdan bin Mohammed Al Nahyan, and Sheikh Nasser bin Mohammed Al ...

Read More »

Take your family to the moon this Eid at OliOli

Family

DUBAI / GULF TIME Celebrations are starting early at OliOli(R) with the return of the iconic Museum of the Moon, to mark the last days of Ramadan and the joyous Eid al Fitr. The 5-meter replica of the moon, created by world-renowned artist Luke Jerram, will take over OliOli(R)’s Creative Lab, where families are invited to bask in the glory ...

Read More »

Regional US banks weigh costly bond sales as depositors exit

A bank of america corp. bank branch ahead of earnings figures

BLOOMBERG Beleaguered US regional banks are assessing whether bond sales to replace lost deposits are worth the cost, as credit investors weigh whether they’re worth the risk. The arrival of quarterly bank earnings reports has spurred speculation on which financial institutions will brave an unpredictable bond market. Average corporate note yields jumped above 6% in the past 12 months and ...

Read More »
Send this to a friend