China’s economy grew a record 18.3 percent in the first quarter of 2021 compared with -6.8 percent decline in the first quarter of last year. It’s the biggest jump in the Gross Domestic Product (GDP) since China started keeping quarterly records in 1992. However, Friday’s figures are below expectations, with a Reuters poll of...
Read MorePfizer CEO Albert Bourla said people will “likely” need a booster dose of a Covid-19 vaccine within 12 months of getting fully vaccinated. His comments were made public Thursday but were taped on April 1. Bourla said it’s possible people will need to get vaccinated against the coronavirus annually. “A likely scenario is that there will...
Read MoreRoyal Dutch Shell said on Thursday that the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades. The disclosure is a rare admission by a major oil and gas company that...
Read MoreNew waves of Covid-19 infections could derail the economic recovery in sub-Saharan Africa, which is already forecast to lag the rest of the world this year amid limited access to vaccines, the International Monetary Fund (IMF) warned. In its regional economic outlook released on Thursday, the IMF said growth projections are subject to “greater-than-usual...
Read MoreThe United Aran Emirate (UAE’s) National Committee for Combating Money Laundering and Financing of Terrorism and Illegal Organisations (NAMLCFTC) adopted anti-money laundering and countering the financing of terrorism (AML/CFT) guidelines for financial institutions, designated non-financial businesses and professions, at its meeting Tuesday. The Committee approved six-risk assessment reports related to terrorism financing, trade-based money...
Read More…Profit rate comes at 3.375% Dubai Islamic Bank, the UAE’s largest Islamic lender, on Wednesday, sold $500 million in perpetual non-call 5.5 years additional Tier 1 Sukuk with a profit rate of 3.375 percent per annum. In a statement, the bank said despite the record low yield, the Sukuk was 5.6x oversubscribed with an...
Read MoreBitcoin breached the $64,000 level for the first time as traders turned their attention to Coinbase Global Inc.’s public debut. The token was volatile during the morning, trading up 1.4 percent at $64,100 as of 9:54 a.m. in London. The world’s largest digital currency has risen for seven straight sessions, its longest winning streak since the start...
Read MoreJohnson & Johnson said Tuesday it would proactively delay its vaccine rollout in the European Union following reports of rare but severe cases of blood clots in people who received the shot. “The safety and well-being of the people who use our products is our number one priority,” the company said in a statement on Tuesday....
Read MoreThe shooting on Sunday of Daunte Wright triggered unrest in Brooklyn Center, Minnesota, with police firing tear gas and rubber bullets to disperse angry protesters who kept to the streets into the early Monday morning hours. The attempted arrest of Wright, who police say was stopped due to expired car registration, occurred not far...
Read MoreSaudi Arabia oil giant Aramco on Friday entered into a $12.4 billion deal with a consortium of investors led by EIG Global Energy Partners that would give the investor group a 49 percent stake in Aramco’s pipeline assets, the two companies said. This is the first major deal by Aramco since its listing in...
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