Bloomberg With job cuts mounting and costly furlough programs that can’t last forever, Europe is at risk of a devastating increase in unemployment that won’t be easy to reverse. Economies across the continent are recovering and company sentiment is brightening, but it’s a different story when it comes to hiring. After months of crisis, the outlook remains too uncertain for ...

Bloomberg In a global market where hardly anything made sense this year, one trend seems to be supported by economic reality: Asian stocks’ outperformance versus the rest of the world driven by the region’s better containment of the coronavirus. The MSCI Asia Pacific Index is set to beat the S&P 500 and the MSCI Europe Index for a second straight ...

Bloomberg China took a further step in integrating its fragmented bond markets, a move which analysts say could reduce complexity and attract foreign investors. Bond traders on interbank market and stock exchanges can now trade bonds listed on both venues, the People’s Bank of China and the China Securities Regulatory Commission said in a joint statement Sunday. The regulators will ...

Bloomberg To best observe the real-world impact of Federal Reserve largesse in the stock market, maybe focus on its fringe. That is, places occupied by companies whose lease on life is weakest: small-cap firms that don’t make any money. Since equities bottomed around the time Fed Chair Jerome Powell pulled out all the stops to shore up markets, shares of ...

Bloomberg Crude clung to losses amid a combination of weak economic data and signals that a recovery in consumption may be slowing. Futures posted a 0.4% decline in New York. Although strength in US equities pushed oil up from the lows of the session, futures were unable to rally amid a flurry of disappointing data points. In the US, consumer ...

Bloomberg European Union (EU) leaders meeting in Brussels for a second day are closing in on a deal for a 750 billion-euro ($860 billion) stimulus package after the Dutch government indicated support for the direction of the negotiations. A new proposal unveiled on Saturday, which would keep the overall size of the fund the same but reduce the amount distributed ...

Bloomberg World Bank President David Malpass called on Group of 20 leading economies to extend the current suspension of debt repayments by the poorest countries through the end of 2021 and broaden the scope to deal with the global pandemic. The virus and worldwide recession will lead to rising poverty in impoverished nations and debt burdens for some countries are ...

Dubai / WAM Bilateral trade between the UAE and China will continue to surge in the coming years due to the strong trade relations and people-to-people synergies between the two countries as they transition to the digital economy. High-level panelists at the first China-UAE Economic and Trade Digital Expo, hosted by the UAE’s Ministry of Economy and China Council for ...

SHARJAH / WAM Sharjah Electricity and Water Authority (Sewa) joined the membership of the International Organisation for Electrical Energy Systems (Sigri) which was founded in 1921 in the French capital Paris, and is concerned with energy affairs of production, transport and distribution, aiming to improve the future of networks. The membership will contribute to enhancing participation and knowledge exchange among ...

Abu Dhabi / WAM The UAE leaders reviewed the Hope probe’s pre-flight preparations days before its historic launch to Mars from Japan’s Tanegashima Space Center in the first ever Arab interplanetary mission. Through a video meeting, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed ...