Bloomberg Vodafone Group Plc beat estimates and expects sales to recover from a first half when Covid-19 lockdowns sent mobile roaming income tumbling. Vodafone’s organic service revenue fell 0.4% in the financial second quarter that ended on September 30, better than the 2.3% average estimate of analysts compiled by Bloomberg. Europe’s second-biggest phone company nudged up its outlook, seeing full-year ...

Bloomberg A global stock rally powered by hopes that new Covid-19 vaccines will bolster economic growth paused on Tuesday as investors weighed the near-term spread of the virus. The Stoxx Europe 600 Index fluctuated at the open, while S&P 500 futures retreated a day after the underlying benchmark closed at an all-time high on news that Moderna Inc’s vaccine was ...

Bloomberg Indian stocks rose as favourable initial results for a second Covid-19 vaccine fanned optimism of an exit from the pandemic. The S&P BSE Sensex climbed 0.7% to 43,959.75 in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude. Both gauges extended gains from all-time high closing levels. Strategists at brokerages including Goldman Sachs, Morgan Stanley, and ...

Bloomberg Japan’s Nikkei 225 Stock Average may surpass 30,000 yen by the end of next year as corporate earnings improve amid an easy monetary policy and overseas demand for equities, according to a strategist at Daiwa Securities Co. Companies will post profits in fiscal 2021 as people and companies adapt to life with coronavirus, vaccines are developed and economic activity ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and General Supervisor of the ‘Dubai: Capital of Islamic Economy Initiative’ said that the UAE has accumulated extensive expertise in the field of Islamic Economy and established a robust fintech infrastructure that places it in a strong position ...

ABU DHABI / WAM Abu Dhabi Ports, part of ADQ, have signed a MoU with DNV GL, a consultancy of independent maritime and energy experts, to accelerate the sustainable development of Abu Dhabi’s maritime ecosystem. Under the terms of the agreement, both companies agree to work together in advancing the digital transformation and further economic development of Abu Dhabi’s maritime ...

ABU DHABI / WAM The Federal Authority for Nuclear Regulation (FANR), of the UAE and the Nuclear and Radiological Regulatory Commission (NRRC), of Saudi Arabia convened a meeting to explore and strengthen mutual collaboration. Both parties discussed potential cooperation in regulatory aspects related to nuclear safety, nuclear security, nonproliferation, legal and regulatory framework, emergency preparedness and response. The meeting was ...

DUBAI / WAM The Mohammed Bin Rashid Aerospace Hub (MBRAH), the region’s first aerospace hub, has completed 70 percent of its infrastructure development, a top executive told Emirates News Agency, WAM. The industry partners have completed 30 percent of their projects in the Hub, Tahnoon Saif, CEO of MBRAH, revealed in an exclusive interview. The MBRAH, based in Dubai South, ...

Bloomberg Oil rose in New York as Moderna Inc reported its Covid-19 vaccine is highly effective against the virus. Moderna’s shot had 94.5% efficacy in a preliminary analysis of a large, late-stage clinical trial. That followed similar positive news for a vaccination being developed by Pfizer Inc. last week, buoying risky assets globally. The full impact of a vaccine on ...

Abu Dhabi / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, launched a global call for tolerance, entitled, “Call for Tolerance,” at 11:16 on Monday, as part of the UAE’s celebration of the International Day for Tolerance and on the sidelines of the National Festival for Tolerance and Coexistence organised by the Ministry of Tolerance and ...