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UAE reports 930 new recoveries from Covid-19

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 384,622 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

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DCD, FDF conclude first phase of VR initiative for seniors

  DUBAI / WAM The Department of Community Development (DCD) in Abu Dhabi has concluded the first phase of the Virtual Reality (VR) initiative for the elderly, in cooperation with the Family Development Foundation (FDF). The experiment witnessed the participation of senior citizens and residents and was designed to explore the impact of VR and modern technology in strengthening communication ...

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Shell says trading results in gas stronger, but oil weaker

  Bloomberg Royal Dutch Shell Plc said its natural gas trading business overcame supply disruptions to post “significantly higher” earnings for the fourth quarter, but the unit that buys and sells oil fared much worse. It’s the latest in a series of mixed performances from an energy giant that’s under pressure on all sides from activist investors, to pension funds ...

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Greece to help people pay higher energy bills

  Bloomberg Greece is extending measures designed to help households and businesses pay their power and gas bills in January as the surge in energy prices shows no sign of let up. “The government will support households, farmers and also businesses against the global turmoil in energy prices for another month,” Prime Minister Kyriakos Mitsotakis said on Friday. While the ...

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The West needs to think beyond Vladimir Putin

  The riots in Kazakhstan that brought down its government on January 5 are just the latest sign of tension under the muddy ice crust into which the core post-Soviet authoritarian regimes have congealed — the same crust that broke in Ukraine in 2014, cracked but held in Belarus in 2020 and grew so thick in Russia last year that ...

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Finance hubs are becoming obsolete

  Stand on the steps of The Royal Exchange in the heart of the City of London and you can picture the churn of people 200 years ago or more in what was becoming the world’s preeminent financial hub. Stock jobbers, traders and financiers would stream between its great limestone columns with the Bank of England to one side and ...

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Three steps to yield financial happiness

The New Year could bring a new you. Despite what the poets say, money, or at least financial security, can be one of the most important steps toward happiness. On the other hand, money mismanagement and debt can result in financial anxiety, which can cloud decision making and lead to a bad cycle. There are three basic moves those who ...

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Apple’s $3trn valuation should unnerve investors

  Apple Inc became the first publicly traded company valued at $3 trillion, touching the historic milestone briefly after a weeks-long rally in its stock price. Yet for investors looking for a surefire bet as 2022 gets under way, the sudden surge ought to give them pause. The climb has been striking. Since mid-November, as major stock indexes have stayed ...

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Airbus facing $340 million lawsuit over bribery scandal

  Bloomberg Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed to properly disclose a sprawling corruption scandal and subsequent settlement. The lawsuit, filed in the Netherlands, was served against the French aircraft maker, its auditors as well as current and former executives, according to an emailed statement sent ...

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Meme stocks surge with retail investors dipping back in after slump

  Bloomberg Renewed retail investor demand and quarterly results from Bed Bath & Beyond Inc. weren’t enough to lift beaten down meme stocks as the group resumed declines after a volatile session. A basket of so-called meme stocks tracked by Bloomberg extended a three-day losing streak even as Bed Bath & Beyond jumped 8% after its adjusted gross margin in ...

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