People visit a Huawei booth at an exhibition during the World Intelligence Congress in Tianjin, China, on Thursday. Reuters
European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade.
Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei. In Europe, the broader Euro STOXX 600 climbed 0.6%,
Investors took a huge sigh of relief on Friday due to positive developments across the globe on Friday. Markets have swiftly reversed the sharp falls seen at the start of the week.
European and US stocks and oil prices recovered on Friday on US stimulus hopes, after Asian equities experienced wild swings, with traders closing out a week of carnage for world markets as the coronavirus pandemic fuels fears of a global recession.
Dubai Chamber of Digital Economy – one of the chambers operating under Dubai Chambers – recently held a meeting with Equiti Group at its headquarters, which aimed to explore new ways to boost the growth of digital economy sectors.
The German economy grew slightly in the first quarter from the previous one, data showed, with higher investments offset by the twin impacts of war in Ukraine and COVID-19 that experts predicted would weigh more heavily in the three months to June.
Drydocks World has signed a contract with Malaysia-based Yinson Production to upgrade, refurbish, and convert a floating production storage and offloading (FPSO) vessel. The contract with Yinson Production, which designs, constructs, and operates