Bloomberg Online shoppers in the US are expected to drop a record-busting $12.7 billion on Cyber Monday — the busiest e-commerce day of the year — presenting a valuable opportunity for retailers whose websites, customer service departments and delivery operations can withstand the period of crushing traffic. Amazon.com Inc, Walmart Inc, Target Corp, Best Buy Co and others have been ...

Bloomberg US futures slipped and European stocks steadied on the last day of the month after record-breaking rally in global equity markets. Oil extended a retreat on signs of discord among Opec+ ministers. The rotation that sent stocks to all-time highs showed signs of a slight reversal, with technology companies holding firm, while small-caps, banks and energy producers were broadly ...

Bloomberg South Africa’s main stock benchmark index dropped for a second day, down 1.1% by 9:42 am in Johannesburg, the biggest intraday decline in more than a week, as market giant Naspers Ltd joined diversified miners and banks in pulling the main gauge lower. Risk-off sentiment was evident in early trade, with 91 of the 141 listed companies declining, while ...

Bloomberg Iraq hasn’t asked for an exemption from Opec+ limits on the country’s oil output for fear that an increase in production might cause crude prices to fall, Oil Minister Ihsan Abdul Jabbar said, according to state-run newspaper Al-Sabah. The results of the Opec+ coalition’s output-cuts deal have been positive and stabilising for the oil market, given the impact the ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) has approved a grant of AED257 million ($70 million) provided by the UAE government to fund the development of more than 2,000 residential housing units that is part of the urban redevelopment of one Albania’s leading economic centres that sustained major damage from recent earthquakes. This grant supporting the Albanian ...

Abu Dhabi / WAM The Abu Dhabi Global Market Academy (ADGMA), the Abu Dhabi Digital Authority (ADDA), and the Abu Dhabi School of Government (ADSG) have entered into a Memorandum of Understanding (MoU) to advance the Abu Dhabi government’s digital transformation agenda and move forward in the emirate’s digital literacy strategy through putting in place curated development programmes. Through the ...

ABU DHABI / WAM Etihad Airways will commence another service from China, with flights from Beijing to Abu Dhabi, capital of the United Arab Emirates, from December 7. The service will operate with a weekly flight using a Boeing 787 Dreamliner, featuring Etihad’s award-winning Business and Economy cabins. Etihad resumed services between Abu Dhabi and Shanghai in late July this ...

ABU DHABI / WAM A 5.0 magnitude earthquake on Richter scale was recorded in south Iran at a depth of 10 km at 8:24 UAE local time, according to the NCM National Seismic Network. The National Center of Meteorology National Seismic Network affirmed that no tremors were felt in the UAE after an earthquake shook Iran on Sunday morning and ...

ABU DHABI / WAM The Authority of Social Contribution (Ma’an) announced the launch of two fundraising campaigns on its pioneering contribution platform, while fostering awareness of efforts to promote organ donations and support orphans, with the goal of raising AED15 million. As Abu Dhabi’s official fundraising site, Ma’an’s contribution platform is dedicated to harnessing the nation’s generosity and supporting the ...

ABU DHABI / WAM The Abu Dhabi Government’s participation in Gitex Technology Week 2020, taking place through December 10 at the Dubai World Trade Centre, features the attendance of 23 government entities, in addition to academic institutions and a group of the world’s major technology giants. During the exhibition, the Abu Dhabi Government is showcasing 88 initiatives and innovative digital ...