Author: Press Room

© Reuters. ABU DHABI – A new venture named Alpheya, based in the Abu Dhabi Global Market (ADGM), has secured a significant investment aimed at revolutionizing wealth management technology in the Middle East and North Africa (MENA) region. BNY Mellon (NYSE:), a leader in financial technology, together with investment firm Lunate, have injected $300 million into Alpheya to develop an end-to-end digital platform tailored for asset managers and investment houses in MENA. The client launch is anticipated for 2024. The initiative comes as a response to the increasing demand for integrated digital solutions that streamline client engagement processes such as…

designer491/iStock via Getty Images French specialty vaccine company Valneva (NASDAQ:VALN) announced on Monday that the European Medicines Agency (EMA) has accepted the marketing authorization application for its chikungunya vaccine for accelerated assessment. The EU regulator determined that all essential regulatory elements required for scientific assessment were included in the application. Valneva’s single-shot chikungunya vaccine candidate VLA1553 will go through an accelerated assessment, which reduces the timeframe for review from 210 days under the standard process to 150 days. No vaccine or treatments currently exist for for chikungunya, making it an unmet medical need. VLA1553 was approved in the US earlier…

© Reuters. FILE PHOTO: A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha By Samuel Indyk and Rae Wee LONDON (Reuters) -The U.S. dollar began the last week of November on the back foot and was on track for its biggest monthly drop in a year as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates. A postponed OPEC+ meeting, the release of the Federal Reserve’s tracked measure of inflation alongside consumer prices data in the euro zone and Australia fill this week’s…

President Biden sat down for an interview this past week with a radio host who has promoted the words of infamous antisemite Louis Farrakhan and whose show wished him “Happy Birthday” on social media earlier this year.”Happy Birthday to the honorable Minister Louis Farrakhan, who turned 90 years old today!” Radio host Rickey Smiley’s show posted on X, formerly known as Twitter, in May.White House deputy communications director Jennifer Molina announced on X last Tuesday that Biden recently taped three interviews, including one with Smiley, that “will reach 14 million Americans nationwide, across 140 markets.”Smiley’s Twitter accounts contain several posts promoting…

A pilot landed a flight in a city some 198 miles from its intended destination. Passengers said the pilot announced he had received the wrong flight path. United Nigeria Airlines claimed the flight was intentionally diverted because of poor weather. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A pilot on a Nigerian airline landed a plane in a city nearly 200 miles away from its intended destination, local news outlet The Cable reported on Saturday.United Nigeria Airlines — a private airline based in the West…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Julius Baer chief executive Philipp Rickenbacher said Switzerland’s second-biggest wealth manager would review its private debt business in the wake of the crisis engulfing Austrian property group Signa.According to people familiar with the matter, Julius Baer is one of the biggest lenders to Signa, a European luxury developer whose assets include a stake in KaDeWe, Germany’s most famous department store, and the Chrysler Building in New York.Shares in Julius Baer have dropped 16 per cent since it revealed last week that it…

5/5 © Reuters. People walk in front of the Polish Central Bank (NBP) building in Warsaw, Poland, September 8, 2022. REUTERS/Kacper Pempel/File Photo 2/5 (This story has been refiled with a change to the headline) By Pawel Florkiewicz, Gergely Szakacs and Marc Jones WARSAW/BUDAPEST (Reuters) – The central bank governors of Poland and Hungary are caught up in noisy disputes with opponents over their rate-setting policy, raising new hazards for investors willing to brave central Europe’s bitterly polarised politics. In Poland, governor Adam Glapinski stands accused of having tried to boost the economy with rate cuts to help his longtime…

3/3 © Reuters. FILE PHOTO: Workers select and pack items during Cyber Monday at the Amazon fulfilment center in Robbinsville Township in New Jersey, U.S., November 28, 2022. REUTERS/Eduardo Munoz 2/3 (Reuters) – As the year’s biggest U.S. online shopping day got underway on Monday, discount-seekers used their phones and laptops to snap up electronics, clothing, toys, jewelry, appliances and even personal care products. Heavy online traffic and transactions could add up to a record $12 billion outlay by U.S. shoppers on Cyber Monday, according to Adobe (NASDAQ:) Analytics. That would represent 5.4% more than last year, it said. Retailers…

London (UKX) -0.3% Germany (DAX:IND) -0.2% Sentiment among German exporters improved in November, although only a few sectors expected exports to increase, as per a Reuters report citing a survey by the Ifo economic institute. France (CAC:IND) -0.02% Bank of England Governor Andrew Bailey said getting inflation down to the central bank’s 2% target will be “hard work” as most of its recent fall was due to the unwinding of the jump in energy costs last year. The pan-European Stoxx 600 (STOXX) ticked 0.02% lower on Monday, days after the index reached its highest level since Sept. 20. Oil and…

A US tourist in South Korea was accused of vandalizing 155 places in Seoul.He’s accused of spray-painting the words “bruxism” or “brux” on storefronts and gates.The unnamed American told police he was trying to raise awareness of the condition, bruxism. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app An American tourist has been accused of spraying graffiti at 155 locations in Seoul’s central Yongsan district, police said on Monday.The Yongsan police department said it arrested an unnamed American man in his 30s who arrived in October…