Bloomberg The European Central Bank (ECB) finally delivered on its promise to boost the pace of emergency bond-buying to combat the economic threat from higher yields. Net purchases settled last week climbed by 21.1 billion euros ($25.2 billion), the most since the start of December. German bonds held marginally higher on the day, with 10-year yields dropping one basis point ...

Bloomberg China’s equity benchmark edged back towards its 2021 low, briefly piercing through a key support level as traders sold everything from electronic cigarette stocks to raw-materials firms amid broader concerns over earnings and valuations. The CSI 300 Index falls 1% to close at 5,009.25 points, extending its decline from this year’s peak to nearly 14% just days after the ...

Bloomberg European stocks dropped on Tuesday as a planned lockdown in Germany amid a resurgence of virus cases cast doubt on the region’s nascent economic recovery. The Stoxx 600 Index falls 0.5%, dragged lower by travel shares and cyclicals as Chancellor Angela Merkel put Germany into hard lockdown over Easter to try to defuse another wave of infections. The move ...

ABU DHABI / WAM Mubadala Investment Company (Mubadala) and Snam, one of the world’s leading energy infrastructure operators, signed on Monday a Memorandum of Understanding (MoU) to collaborate on joint investment and development initiatives on hydrogen. As part of the agreement, the two companies will carry out a number of assessment activities, including technical and economic feasibility studies to explore ...

Abu Dhabi / WAM The UAE is to increase the efficiency of the three most energy-consuming sectors (transport, industry and construction) by 40 per cent, Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure has said. In a statement he made on Monday following the launch of the national water and energy demand management programme by the cabinet, Al ...

DUBAI / WAM DMSat-1, the emirate’s first nanometric environmental satellite, developed by Dubai Municipality in collaboration with the Mohammed Bin Rashid Space Centre (MBRSC), reached its orbit 550 km above Earth, following its successful launch from the Baikonur Cosmodrome in Kazakhstan aboard the Soyuz 2.1a space rocket. The first signal from DMSat-1 was received at MBRSC’s mission control centre at ...

DUBAI / WAM Moro Hub (Data Hub Integrated Solutions LLC), a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (Dewa), deployed Google Cloud’s Anthos, from its first solar-powered Green Data Centre in the region. Google Anthos is a hybrid and multi-cloud platform designed to enable cloud migration, application moderni- -sation, multi-cloud, and hybrid cloud management. ...

ABU DHABI / WAM The 13th session of the Abu Dhabi-Singapore Joint Forum (ADSJF) was held virtually on Monday under the co-chairmanship, and in attendance of, Khaldoon Al Mubarak, Chairman of the Executive Affairs Authority of Abu Dhabi and S Iswaran, Minister-in-Charge of Trade Relations, Singapore. Ambassadors of both countries were also present, in addition to officials and senior representatives ...

DUBAI / WAM DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics and the Premier Global Trade Partner of Expo 2020 Dubai, and Zayed University (ZU), a leading educational institution in the UAE, have signed a MoU. The MoU provides for showcasing artworks by talented students at DP World’s Flow Pavilion throughout Expo 2020 Dubai from October ...

Abu Dhabi / WAM Abu Dhabi Health Services Company, (Seha), the UAE’s largest healthcare network, has signed an agreement with EIDO Healthcare UK, the global leader in patient information to support the consent process, as part of its drive towards elevating patient care and experience. As part of the agreement, EIDO Healthcare will provide Seha healthcare facilities access to a ...