People, carrying shopping bags, walk inside the King of Prussia shopping mall in Pennsylvania. Reuters
European and US stock markets slumped on Friday as investors dwelled on the prospect of rising US interest rates. Europe’s main bourses all fell nearly two per cent.
Global stock markets and Wall Street futures declined on Tuesday after a selloff in the US Treasury debt eased, helping to allay concern about a possible rise in interest rates.
Global stocks hit their highest levels in over three weeks on Tuesday, as investors bet the US Federal Reserve and other central banks’ meeting this week will keep policies accommodative
Global equity markets and gold slumped, while the dollar eased on Thursday after the Federal Reserve reminded investors of the long slog ahead for a full recovery that was reinforced by data showing persistently high claims for US unemployment benefits.
Etihad Rail has concluded, ahead of schedule, the knowledge transfer programme with Deutsche Bahn (DB), Europe’s largest railway operator and infrastructure owner.
The metaverse and blockchain ecosystems are set to transform Dubai as a hub of innovation and giving impetus to its great strides to become a pioneer and build on its smart city status.
Dubai-based Bedu, the UAE’s pioneer in Metaverse and Web3 technologies, announced the launch of its Metaverse Project 2117.