UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
Blackstone Inc. has expanded its private credit facility for file-sharing platform Dropbox Inc. to $2.7 billion, just nine months after the initial deal, as part of the company’s efforts to strengthen its
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As Russia’s President Vladimir Putin celebrated new diplomatic victories this week—strengthening ties with India’s Prime Minister Narendra Modi, securing a “no limits” partnership with China’s Xi Jinping, and finalizing a long-anticipated Moscow-Beijing
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In Dubai, fortunes are being created at an unprecedented pace as new talent and capital flow into the city’s vibrant economy. Yet, according to Bloomberg, many of the largest individual wealth gains
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When an Abu Dhabi-based artificial intelligence company sought access to one of Europe’s largest data centres earlier this year, it turned to an unlikely intermediary—a former child actor turned investment banker. Zachary
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Bangladesh’s central bank is working to raise its foreign-exchange reserves to around $40 billion by the end of the fiscal year in June to stabilize the exchange rate, Governor Ahsan H. Mansur
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The Trump administration has revoked Taiwan Semiconductor Manufacturing Company’s (TSMC) authorisation to export American chipmaking tools to China without a licence, in the latest move to curb Beijing’s access to advanced technology,
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US technology shares fell sharply on Friday as disappointing earnings from a major chipmaker heightened investor worries about slowing growth in the artificial intelligence sector. The Nasdaq Composite dropped 1.2% in early-afternoon
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Temasek Holdings Pte, Singapore’s state-owned investment firm, will reorganize its S$434 billion ($338 billion) portfolio from April 1 as part of a major overhaul aimed at sharpening its strategic focus, Bloomberg News
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Didi Global Inc., China’s leading ride-hailing platform, has agreed to pay $740 million to settle a shareholder lawsuit related to its tumultuous 2021 initial public offering (IPO), Bloomberg News reports. The settlement
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Riyadh’s King Abdullah Financial District (KAFD), long criticized as a gleaming but empty skyline, is finally coming to life as Saudi Arabia pushes ahead with ambitious plans to become a regional financial
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