Bloomberg Singapore’s central bank further tightened monetary settings and raised its inflation forecast, sending currency higher, as it seeks to fight cost pressures that threaten recovery from pandemic. The Monetary Authority of Singapore, which uses exchange rates as its main policy tool, said that it’s taking steps to strengthen the local dollar, which will help slow inflation momentum as ...

Bloomberg European stocks gained as a flurry of corporate earnings reassured investors that profits can overcome economic hurdles. The Stoxx Europe 600 climbed 0.4% in London. Banking and technology shares soared, tracking a rally in US stocks. Miners underperformed as metals fall. ASML Holding NV advanced after saying demand for its chip-making machines outstripped supply in the second quarter. Danone ...

Bloomberg Netflix Inc shares are on course to lose about $40 billion in value on Wednesday after the streaming giant reported its first customer decline in more than a decade. Shares in the company fell as much as 26% premarket trading, extending its plunge this year to 57%. If the losses hold, Netflix is poised to become the worst-performing stock ...

  Al Ain / WAM Zaki Anwar Nusseibeh, Cultural Advisor to His Highness the President of the UAE and Chancellor of the United Arab Emirates University, has said that Zayed Humanitarian Day is a highlight in the history of the UAE and serves as a marker of the humanitarian work of the nation, which extends beyond its borders to the ...

  Dubai / Gulf Time Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a memorandum of understanding (MoU) with Terminus group, a leading international artificial intelligence of things (AIoT) smart solution provider and an official premier partner of the Expo 2020 Dubai, to strengthen the company’s trade-related digital infrastructure projects in the UAE and its expansion into ...

  ABU DHABI / WAM The UAE on Tuesday sent a plane carrying 30 metric tonnes of food and relief supplies to Afghanistan to meet the immediate basic food needs of Afghan people, particularly women and children. The aid comes in response to the exacerbated living conditions in many countries already suffering from a deteriorating humanitarian situation. Issa Salem Al ...

  Abu Dhabi / WAM Khalifa Fund has announced the launch of the F&B Innovation Lab 2.0, in partnership with the F&B Manufacturers Business Group (FBMG), Mintel – the knowledge partner, Tate & Lyle – technical partner, Federal Youth Authority – youth partner, as well as leading industry F&B manufacturers. The activities of the lab will commence on April 20 ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) is implementing its updated Smart Grid Strategy 2021-2035, which features a high standard of resilience and agility that keeps pace with development and rapid changes to ensure the continuity of the organisation’s excellence and global leadership. Saeed Mohammed Al Tayer, MD and CEO of Dewa, praised the team’s efforts, which ...

Ras Al Khaimah / WAM Ras Al Khaimah Tourism Development Authority (Raktda) has further added to its credentials as an employer of choice with a top ten ranking on the Best Workplaces List of 2022 – small & medium organisations. Awarded by the Great Place to Work, the global authority that recognises high-trust, high-performing workplace cultures, Raktda is the category’s ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) is implementing its updated Smart Grid Strategy 2021-2035, which features a high standard of resilience and agility that keeps pace with development and rapid changes to ensure the continuity of the organisation’s excellence and global leadership. Saeed Mohammed Al Tayer, MD and CEO of Dewa, praised the team’s efforts, which ...