Traders work on the floor at the New York Stock Exchange. Reuters
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.
World shares were trading in a narrow range on Thursday after major US indexes hit record highs in a pre-Independence Day rally, buoyed by the easing of trade tensions between the US and China.
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.
China’s factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as US tariffs and weaker domestic demand ramped up pressure on new orders for goods.
Oil prices reached their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half of 2021.
The Sharjah Chamber of Commerce and Industry (SCCI) organised on Tuesday a workshop to familiarise its employees with the businesses available for foreign ownership and the legal forms
Enoc Link, the digital mobile fuel delivery service for businesses in the UAE by Enoc Group, on Tuesday announced that it has signed an agreement with Expo 2020 Dubai to supply its fleet with more than 1 million litres of fuel.
Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (Dewa), on Tuesday signed a Managed Service Provider (MSP) agreement with Trend Micro, a global leader in cybersecurity solutions.