Bloomberg British homeowners have enjoyed a $4 trillion untaxed wealth windfall from rising property values over the last 20 years that is unlikely to be repeated, with the bulk of riches going to the well-off, the over 60s and those living in London. In a report calling for gains to be taxed, the Resolution Foundation said the surge in ...

  Bloomberg Apple Inc shares fall, with the iPhone maker retreating in the wake of a recent advance that brought it within striking distance of what would be a historic $3 trillion market valuation. The stock closed down 2.1% at $175.74. This was Apple’s biggest one-day percentage loss since the broad market selloff on November 26, and it resulted in ...

  Bloomberg China Mobile Ltd, the country’s largest wireless carrier by revenue, has received approval from regulators to list in Shanghai after being removed from the New York Stock Exchange due to an investment ban ordered by former President Donald Trump. The state-run enterprise got the nod from the China Securities Regulatory Commission to issue A-shares, according to a filing ...

Bloomberg Stocks gained on Tuesday as traders prepared for this year’s last central bank meetings later this week. Treasuries and the dollar were little changed. Miners led gains in Europe’s Stoxx 600 Index, while US contracts rose after S&P 500 slid from a record and the tech-heavy Nasdaq 100 underperformed. MSCI Inc’s Asia-Pacific share index falls for a third session, ...

Dubai / WAM Chairing the last cabinet meeting scheduled for 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that the UAE has accomplished, in a short period of time, major achievements, assumed leading global ranks in various sectors, confirming that the UAE is moving into the ...

  Abu Dhabi / WAM Mubadala Investment Company and Abu Dhabi Gaming (AD Gaming), signed a memorandum of understanding (MoU) to build a robust gaming and esports ecosystem in Abu Dhabi and the UAE. The agreement reflects the ambition of the two entities to support high-value products, creative industries and new technologies as part of Abu Dhabi’s diversification agenda. With ...

  Abu Dhabi / WAM UAE-Mexico bilateral trade has witnessed an approximate 38 percent upsurge in the past five years (2016-2020), a senior Mexican official told the Emirates News Agency (WAM), adding that Mexico wants to be a strategic partner for the UAE in agri-food sector. “The bilateral trade between 2016 and 2020 registered an average annual growth rate of ...

  ABU DHABI / WAM The Abu Dhabi Investment Office (Adio) connected with hundreds of global business leaders, entrepreneurs and innovators in a series of six inaugural events organised by its international office network to discuss expansion opportunities to the UAE capital. Adio’s offices in London, Paris, Beijing, Seoul, New York and San Francisco each organised an event targeted at ...

  Dubai / WAM DP World, the world’s leading provider of smart logistics, and the Government of the Democratic Republic of the Congo (DRC), have signed the Collaboration Agreement for the development of the deep-sea port at Banana. In the presence of Félix-Antoine Tshisekedi, President of the DRC, the agreement was signed in Kinshasa by Cherubin Okende Senga, Minister of ...

  Abu Dhabi / WAM Chimera Capital Ltd, an ADGM regulated fund manager and a wholly owned subsidiary of Chimera Investment LLC (the Abu Dhabi-based private investment firm managing a diversified portfolio of listed and private equities around the world), announced on Monday that it has closed its first venture capital fund at $75 million. Chimera Global Fund I LP ...