Finance
-
US Lawmakers push for moratorium extension on digital trade
Lawmakers in the United States want the US Trade Representative (USTR) to press for an extension of the WTO’s digital…
Read More » -
LIC shares slump after debut as India’s biggest IPO
Shares of the state-owned Life Insurance Corporation of India (LIC) were set to open at an 8% discount from their…
Read More » -
Morgan Stanley warns of Global Economic slowdown
Due to concerns from the Russia-Ukraine war and China’s COVID-19 spike, Wall Street Investment-banking giant Morgan Stanley expects global economic…
Read More » -
Non-oil foreign trade rises 15% in Abu Dhabi to $16.74 billion
In the first quarter of 2022, Abu Dhabi’s non-oil international trade was $16.74 billion (AED 61.522 billion), up 15% over…
Read More » -
The US Dollar at a two-decade high before inflation data
The US dollar ($) remains at a two-decade high. Investors await new inflation data to determine how aggressively the Federal…
Read More » -
US Senate passes NOPEC bill despite backlash from oil producers
The NOPEC (No Oil Producing and Exporting Cartels) Act was passed by a Senate subcommittee on Thursday with a 17:4…
Read More » -
US FTC to probe Twitter for antitrust violations
Elon Musk’s $44 billion Twitter acquisition is allegedly being investigated by the US Federal Trade Commission (FTC) for possible antitrust…
Read More » -
Central Bank of the UAE and other Gulf banks raise rates following the US Federal Reserve
Following the US Federal Reserve’s decision to increase rates, the Central Bank of the UAE (CBUAE) has decided to raise…
Read More » -
Uber remains optimistic despite posting $5.9 billion loss
Uber, the ride-hailing and delivery service, has lost $5.9 billion (£4.7 billion), owing to its investments in other businesses. However,…
Read More » -
IBM CEO Arvind Krishna Elected to Federal Bank of New York’s Board
Arvind Krishna, Chairman and Chief Executive Officer of IBM (International Business Machines Corporation), has been elected to the Federal Reserve…
Read More »