Dubai’s young muezzins were all smiles as they received a special envelope from none other than Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

TOKYO – The dollar consolidated on Wednesday ahead of a key inflation report later in the day, while the yen remained a whisker away from what markets believe to be the line in the sand for Japanese authorities to intervene.

The tech-heavy Nasdaq Composite Index, boosted by chips, enjoyed a more substantial advance, with the S&P 500 nominally higher

Those countries — ranging from China, the world’s second-largest economy, to default-prone Argentina — have become so embedded in the global economy, particularly via trade and commodity value chains, that they are “no longer simply on the receiving end of global shocks”

Europe’s broad STOXX 600 index rose 0.6% recovering after a drop the day before and heading back towards a record high, while MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7%

Finance ministry officials said in a briefing the government would aim to cut an extra 10 billion euros ($11 billion) in public spending in 2024