SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, President of the American University of Sharjah (AUS), has emphasised the importance of celebrating the invaluable contributions of women to their communities. In her message to the AUS community on International Women’s Day, Sheikha Bodour said, “Empowering women means empowering societies and nations and opening doors of possibility for communities to ...

DUBAI / WAM etisalat by e& UAE and IBM have announced that IBM will leverage IBM sustainability software to help advance etisalat by e& company’s environmental, social and governance (ESG) strategy. etisalat by e& is committed to monitoring, benchmarking, and enhancing its economic, environmental, and social performance. This effort aims to define clear ESG goals and the roadmap to achieve ...

BLOOMBERG Russia launched a devastating bombardment against cities across Ukraine, killing at least five people and casting hundreds of thousands more into sporadic blackouts with a new mix of weapons that mostly evaded air defenses. The barrage extended Russian President Vladimir Putin’s five-month campaign of air strikes targeting civilian infrastructure including the energy grid, hospitals, schools and residential buildings. At ...

BLOOMBERG North Korea fired a suspected short-range ballistic missile after the influential sister of the state’s leader threatened the US with severe consequences if it goes ahead with joint military drills with South Korea. South Korea’s Joint Chiefs of Staff said in a text message to reporters the missile was fired at around 6:20 pm on Thursday from the western ...

BLOOMBERG Apple Inc is reshuffling management of its international businesses to put a bigger focus on India, according to people with knowledge of the matter, a sign of the nation’s growing importance. The shift will mark the first time that India becomes its own sales region at Apple, which has seen demand surge in the country. That will give the ...

BLOOMBERG India may sell as much as 250 billion rupees ($3 billion) of green bonds in the next fiscal year and plans to include longer maturity debt to the offering, according to people familiar with the matter. There is a demand for papers of 30- to 40-year tenor, particularly from insurance companies, to fund projects with a longer gestation period, ...

BLOOMBERG China’s consumer and producer prices remained subdued in February as food and commodities costs eased, suggesting the country’s reopening won’t be adding to global inflation pressures. The consumer price index rose 1% last month from a year earlier, the National Bureau of Statistics (NBS) said, the lowest level since February 2022 and well below estimates. Less volatile core inflation ...

BLOOMBERG Singapore’s top trade official said the city-state is willing to facilitate a dialogue between the US and China to repair their relationship, as he described growing tensions between the world’s biggest economies as detrimental to the world. US-China tensions “have serious consequences for the rest of the world,” Gan Kim Yong, Singapore minister for trade and industry, told Bloomberg ...

BLOOMBERG Emerging-market shares have value as bonds are losing their buffer because of US rates volatility, according to analysts at Goldman Sachs Group Inc. With rising nominal interest rates, local fixed income securities “no longer appear to have much cushion” with fluctuations in US rates, strategists led by London-based Kamakshya Trivedi wrote in a note. MSCI Inc.’s index of developing ...

BLOOMBERG Global stocks retreated on Thursday, and Treasury yields held near the key 4% mark as investors priced the likelihood of higher interest rates and a looming US recession. Futures on the S&P 500 slipped 0.3% and those on the rate-sensitive Nasdaq slid 0.6%. Chipmakers Nvidia Corp and Advanced Micro Devices Inc fell about 0.7% in pre-market trading, while Tesla ...