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Bloomberg Kim Jong Un’s sister warned that upcoming US-South Korea military drills could jeopardise talks with Seoul, raising doubts about a diplomatic breakthrough less than a week after both sides announced a resumption of communications. Kim Yo Jong said the plan to hold annual allied exercises this month “seriously undermines” efforts to restore ties, according to the official Korean Central ...

Bloomberg Nonfungible tokens have shot to popularity in the past year. Shopify Inc’s move to facilitate sales might bring them even further into the mainstream. NFTs have become popular in industries from sports memorabilia to fashion and art, where their ability to provide authentication and uniqueness is prized. Last week, Shopify started allowing merchants on its platform to sell NFTs ...

Bloomberg Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year. Diego Parrilla, who manages the $250 million Quadriga Igneo fund, said there isn’t widespread awareness of the long-term damage that’s been caused by ultra-loose ...

Bloomberg Germany is poised to widen Covid-19 vaccinations to include all 12-17 year-olds, stepping up efforts to spur its flagging inoculation drive. The move was set to be agreed on Monday goes beyond advice published by the government’s independent vaccine commission. The authority, known as STIKO, recommends inoculating those in that age group who have pre-existing conditions that put them ...

Bloomberg Ferrari NV largely met expectations with its last set of earnings before the supercar maker installs a new chief executive from outside the auto industry as it goes through a period of dramatic upheaval. Adjusted earnings before interest, taxes, depreciation and amortisation rose to 386 million euros ($459 million) during the second quarter, Ferrari said, compared with an average ...

ABU DHABI / WAM Adnoc Logistics and Services (Adnoc L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and Adnoc’s goal to maximise value from every barrel of oil it produces, processes, ships and ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decision No (26) of 2021 on the Board of Directors of the Mohammed Bin Rashid Space Centre (MBRSC) and Decision No. (27) of 2021 on the Board of Trustees of the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity ...

ABU DHABI / WAM Mubadala Petroleum published on Sunday its 2020 Annual Sustainability Report, detailing the company’s approach and impact on key Environment, Social, and Governance (ESG) parameters across its portfolio of assets. As a result of a targeted strategy that embeds its footprint as a responsible, affordable, and long term provider of energy, the company has recorded a 25 ...

Bloomberg Exxon Mobil Corp’s knockout second-quarter results did little to entice investors because much of the extra cash coming from soaring energy and petrochemical prices will be used to pay down debt rather than reward shareholders. The oil giant and rival Chevron Corp swung to their biggest profits since pre-pandemic days, fuelled in large part by stellar performances from their ...

Bloomberg The final session for Malaysia’s special parliament sitting on Monday has been postponed indefinitely because of an outbreak of Covid cases, likely easing pressure on embattled Prime Minister Muhyiddin Yassin amid mounting calls for him to resign. The deferment follows an assessment by the health ministry, which found the parliament building to be at risk of a spread in ...