Bloomberg Standard Chartered Plc is preparing further job cuts as the emerging markets lender continues a restructuring that was postponed by the onset of the pandemic. The London-headquartered bank is expected to cut several hundred staff next month across its global businesses, with the reductions focused on more junior employees, according to people familiar with the matter. The bank has ...

Bloomberg Resurgent coronavirus outbreaks will vex central bankers on five continents this week as they weigh the threat of more damage to growth against the hope that mass vaccinations will reopen economies. Institutions meeting from Tokyo to Frankfurt to Ottawa are pondering the prospect of another lost quarter amid renewed lockdowns to contain the pandemic. Most are likely to maintain ...

Bloomberg A stronger US dollar is proving to be an early test for emerging-market currencies on the eve of Joe Biden’s inauguration. The greenback gained over the last two weeks, buoyed by the president-elect’s proposal for a $1.9 trillion stimulus package. Most developing-nation currencies have slumped in that span, and history suggests further pain may be in store. MSCI Inc.’s ...

Bloomberg India’s equity benchmark falls in line with its regional peers, and is now set for a second day of declines. That slump will put the S&P BSE Sensex even further away from the key 50,000 level it was looking to breach last week. The benchmark slid 1% to 48525.55 as of 11:59 am in Mumbai, with four stocks falling ...

Bloomberg Markets were mildly risk-off on Monday as investors weighed strong economic data from China, US President-elect Joe Biden’s stimulus plans and surging coronavirus trends. Carrefour SA tumbled 5.8%, leading Europe’s Stoxx 600 lower, after Canada’s Alimentation Couche-Tard Inc. abandoned talks on a $20 billion merger. The dollar ticked higher, oil prices were weaker and US equity futures dipped. Asian ...

ABU DHABI / WAM The Ministry of Energy and Infrastructure is cooperating with federal and local authorities to achieves goals 6,7 and 11 of the Sustainable Development Goals (SDGs), through implementing projects and initiatives aimed at making cities and communities comprehensive, safe, flexible and sustainable by 2030, in line with the UAE Centennial 2071 and the ministry’s contributions to the ...

ABU DHABI / WAM The Abu Dhabi Department of Finance (DoF) on Sunday announced an AED 6 billion supply chain financing initiative to support a variety of sectors, as a key initiative in its commitment to support small and medium enterprises (SMEs). The first phase of this initiative is in partnership with the National Health Insurance Company (Daman) and First ...

Abu Dhabi / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to President Vladimir Putin of Russia on the death of the Russian Ambassador to the UAE Sergei Kuznetsov. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

Dubai / WAM du, from Emirates Integrated Telecommunications Company (EITC), and Etisalat, from Emirates Telecommunication Group Company, have announced the finalisation of their master developer agreements (MDA) with Emaar Properties. As part of new partnership, both operators will, through the Taawun infrastructure deployment initiative, cover Emaar’s major projects, providing essential telecommunications infrastructure. Customers will be able to choose their retail ...

ABU DHABI / WAM Khalifa University of Science and Technology (KU) has announced the signing of a research agreement, which will be co-funded by Aldar properties and Sandooq Al Watan, to develop economical, reusable and disposable contact lenses for those suffering from colour blindness. The project team will include researchers from Khalifa University who are currently working in collaboration with ...