Bloomberg Stocks and US equity futures dropped, while bonds fell Tuesday as euro-zone inflation accelerated to a fresh all-time high, intensifying the debate at the European Central Bank (ECB) about how rapidly to raise interest rates. S&P 500 and Nasdaq 100 contracts slipped at least 0.3%. Europe’s Stoxx 600 Index was set to snap four days of gains, retreating from ...

  Bloomberg Global investors returned in earnest to China’s stock markets in May, erasing much of the year’s earlier outflows, as investors bet that policy support and the emergence of key cities from Covid-lockdowns will spark a revival. They added 16.9 billion yuan ($2.5 billion) of Shanghai and Shenzhen shares via trading links this month, narrowing year-to-date outflows to just ...

  Abu Dhabi / WAM The UAE on Monday strongly condemned the storming of Al Aqsa Mosque courtyard by extremist settlers under the protection of Israeli forces. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) reiterated its firm position on the need to provide full protection for Al Aqsa Mosque and halt serious and provocative violations ...

  Abu Dhabi / WAM Adnoc Drilling company on Monday announced it has signed a Sale and Purchase Agreement (SPA) to acquire an additional two premium offshore jack-up drilling units. The investment is central to the company’s enterprising expansion strategy and forms part of its three-year guidance on capital expenditure. Adnoc Drilling’s fast-tracked fleet expansion programme keeps the company firmly ...

  Abu Dhabi / WAM The UAE expressed its sincere condolences and solidarity with the Federative Republic of Brazil over the victims of torrential rains and floods that struck several states in the country, killing dozens of people, necessitating the evacuation of tens of thousands, and causing severe damage. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed its ...

  Abu Dhabi / WAM Aldar Properties announced on Monday that five tech startups had been awarded pilot projects as part of the second cycle of its equity-free accelerator programme, Scale Up, alongside strategic partner Majid Al Futtaim Communities. The five selected businesses specialise in the rapidly evolving technologies of spatial and artificial intelligence, blockchain, NFT applications and data analytics, ...

  Dubai / WAM The brain drain is a direct challenge for future development, especially in the technological industries monopolised by a handful of companies in an ever-growing chip market now worth more than $600 billion and projected to grow 29 percent yearly, says a report published by the World Government Summit Organisation (WGS) in partnership with the Technology Innovation ...

  Dubai / WAM Emirates SkyCargo, a leader in the global airfreight industry, received delivery of a new Boeing 777F, increasing its dedicated freighter fleet to 11 aircraft. From Boeing’s Paine Field in Seattle, A6-EFT headed to Hong Kong to pick up its first load before touching down at its new home, Dubai World Central, with a full load of ...

  Abu Dhabi / WAM Mubadala Health on Monday announced the signing of a memorandum of understanding (MoU) with the Abu Dhabi Early Childhood Authority (ECA) to provide world-class expertise from across its extensive network of healthcare entities in service of families across Abu Dhabi. The partnership will see both entities collaborate on various initiatives designed to safeguard and support ...

  Dubai / Gulf Time Continuing its expansion spree in the GCC, Allen Overseas (Allen) opened two new academic centres in the UAE – Abu Dhabi and Sharjah, through which it aims to provide high-quality test-prep coaching to K12 students and help them achieve their highest potential. Reciprocating the students’ increasing demand, the institute has launched its biggest centre in ...