European and US stocks climbed on Friday as investors kept a watch on developments at a G20 summit in Japan, where US President Donald Trump and Chinese counterpart Xi Jinping are due to hold key trade talks.
Stock markets rallied on Monday after US President Donald Trump’s top economic adviser hailed “positive” trade talks with Chinese negotiators.
Wall Street’s main indexes fell on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit warning from Amazon added to the gloom.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Sheikh Mohamed witnessed the signing of the UAE-Indonesia Comprehensive Economic Partnership Agreement, alongside Joko Widodo. Under the trade deal, over 80% of UAE exports will gain immediate duty-free access to Indonesia.
AD Ports Group on Thursday announced that it has reached an agreement to acquire a 70 per cent equity stake in International Associated Cargo Carrier BV,
Four Chinese airlines said on Friday they will buy a total of 292 planes from Airbus in a $37 billion windfall for the aviation giant, as the industry rebuilds after the coronavirus pandemic.