Bloomberg US futures retreat amid mixed earnings reports, while stocks caught up with late advances on Wall Street spurred by a sanguine rates outlook. Oil extended an advance. Contracts on the three major US gauges fell, following Tuesday’s rally after Federal Reserve Chair Jerome Powell refrained from pushing back against investor optimism. Chipotle Mexican Grill Inc. dropped in premarket ...

Bloomberg Masayoshi Son is now personally on the hook for about $5.1 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, as losses mounted at its core Vision Fund venture capital arm. Son, whose stake in SoftBank grew in recent months, also owns portions of the company’s key investment vehicles. While these holdings have ...

  Dubai / Gulf Time MaximiliaN London, which was founded in London in 1999, presents a varied collection of fine jewelries for Valentine’s Day. The collection contain new additions which reflect the aesthetic and nuanced designs created by elite artists, designers and jewelers from all over the world, who share one passion which is Gemstones. MaximiliaN London produces a collection ...

  Dubai / Gulf Time Danube Sports World, the newest venture under the prestigious Danube Group, is all set to become the region's favourite indoor sports destination. The facility officially opened its doors to sports and fitness enthusiasts in Dubai on February 4 with a grand event that was attended by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance ...

  ABU DHABI / WAM The UAE has expressed its sincere condolences and solidarity with the Republic of Chile over wildfires affecting several areas of the country, which resulted in numerous deaths and injuries. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed its sincere condolences and sympathy to the Chilean government and the families of ...

SHARJAH / WAM The first Emirati-Thai Business Council was launched during the UAE-Thai business forum, organised by the Federation of UAE Chambers of Commerce and Industry (FCCI). The forum discussed ways to boost economic relations between the two countries. The Sharjah Chamber of Commerce and Industry (SCCI) hosted the meeting in conjunction with a visit from a Thai business delegation ...

Dubai / WAM DP World’s Group Chairman and CEO, Sultan Ahmed Bin Sulayem, called for unlocking private sector infrastructure investments in Africa, to address challenges faced by the continent’s development. Speaking at the 2nd Dakar African Infrastructure Financing Summit in Senegal, he said that the cost of moving goods domestically around Africa is five times higher than in the US ...

  Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, has signed a memorandum of understanding (MoU) with Astral Aviation Ltd to expand the partnership between the two parties and enhance the cooperation between Abu Dhabi and Nairobi, further growing Etihad Cargo’s reach into the African market. Through the comprehensive MoU, Etihad Cargo’s customers will ...

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ordered the provision of $100 million for the relief of those affected by the earthquakes in the sisterly Syrian Arab Republic and the friendly Republic of Turkiye. His Highness’s initiative includes providing $50 million to the brotherly Syrian people affected by earthquakes, in addition to ...

Abu Dhabi / WAM Mohamed Al Ahmedi, CEO of Ducab Metals Business, has said that the company aims to promote products that bear the “Made in the UAE” brand by exporting 95 percent of its products to more than 55 markets around the world. In a statement to the Emirates News Agency (WAM), Al Ahmedi highlighted the company’s ambition through ...