Traders work on the floor of the New York Stock Exchange.
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.
Stock markets tumbled across the globe and oil prices slumped Thursday after President Donald Trump banned all travel from mainland Europe to the United States for a month to fight the coronavirus pandemic, ramping up fears of worldwide recession.
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.
UAE’s health insurance industry has witnessed a sea-change over the last two years, with the uncertainties of the pandemic making everyone realise
The flight is the first direct passenger service from Abu Dhabi to Beijing since March 23, 2020. Following the inaugural flight, the regular weekly service will commence on July 6.
Oil prices gained for a fourth straight session as data showed a drawdown in US crude stockpiles, adding to ongoing worries of tight supply, which have offset concerns over a weaker global economy and demand.