Forget the open road. The true emblem of the contemporary United States is the “stroad” — those high-volume, hybrid arteries that are not quite walkable streets, not quite high-speed roads. Lined on both sides by parking lots and strip malls, they are the commercial lifeblood of conventional suburban development. They may also be the answer to America’s housing affordability ...

  It’s a future investors in China must learn to live with: The expanding list of Chinese companies subject to US sanctions or procurement controls. As the US and European Union impose sweeping economic penalties on Russia over its invasion of Ukraine, China Inc can easily become collateral damage, too. The US government has already put Beijing on notice. US ...

  Bloomberg Citigroup Inc, in the midst of overhauling its businesses in Russia when the country went to war, has seen efforts to sell a consumer-banking unit there stall and is helping some employees transfer abroad. The moves show how Vladimir Putin’s invasion of Ukraine has quickly made the future less certain for many of Citigroup’s roughly 3,000 workers in ...

  Bloomberg Equity-index futures and European stocks fell amid concern US inflation may have accelerated for a sixth month, with investors turning to the European Central Bank to gauge policy makers’ response to the war in Ukraine. Contracts expiring this month on the S&P 500 and Nasdaq 100 indexes slid at least 0.2% each after US stocks posted the biggest ...

  Bloomberg Bitcoin dropped back below $40,000, erasing almost all the gains sparked by optimism about US President Joe Biden’s executive order to put more focus on the crypto sector. The largest cryptocurrency declined as much as 7.2% to $38,894, falling for the first time in three days. Ether dropped as much as 5% to $2,574. Most of the top ...

  Bloomberg Gold extended losses after posting the biggest decline in 14 months as risk sentiment improved following indications that Ukraine is ready for a diplomatic solution with Russia. Bullion is paring some of its gains this year as demand for haven assets eases following remarks from a top foreign policy aide to President Volodymyr Zelenskiy. The official said Ukraine ...

  ABU DHABI / WAM Abu Dhabi’s agricultural production has achieved remarkable growth in terms of volume and value, with the total value of agricultural production reaching about AED13.7 billion in 2020, with an increase of 12 percent compared to 2019, growing at a compound annual growth rate of 6.5 percent for 2017-2020. Statistics collected by the Abu Dhabi Agriculture ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, issued the Dubai Virtual Asset Regulation Law aimed at creating an advanced legal framework to protect investors and designing much-warranted international standards for virtual asset (VA) industry governance that will promote responsible business growth, under prudential ...

  DUBAI / WAM The UAE and Italy signed a judicial cooperation agreement covering extradition rules. The agreement was signed at Expo 2020 Dubai by Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice, and Marta Cartabia, Italian Minister of Justice. The agreement enhances the legal and judicial cooperation between the two friendly countries, complementing their previously signed agreements ...

  SHARJAH / WAM Last year, the Sharjah Airport served more than seven million passengers with more than 57,000 aircraft movements, and approximately 1.2 million passengers in December, consistent with the pre-pandemic levels. The Sharjah Airport Authority intensified efforts to strengthen its ambitious goals at various levels, launching numerous services and operations, attracting new airlines, initiating major programmes, and strengthening ...