Dubai / WAM Emirates Transport has announced the launch of ‘Emirtas’, a new service offering last mile solutions, to add to its profile of services supporting the logistics sector in the UAE. Faryal Tawakul, Acting CEO of Emirates Transport, stated that the launch of the service comes in line with the rapid changes taking place in all business sectors in ...

On the eve of President Joe Biden’s summit with Vladimir Putin, the Russian president once again reminded the world why most Western leaders don’t trust a word he says. In an interview with NBC, Putin deployed his familiar arsenal of lies and counter-accusations. The attempted murder of opposition leader Alexey Navalny? Not me. Election meddling in 2016? Fake news. And ...

As lockdowns end, people are spending less on stuff and more on having a good time. A fortnight at the beach will suffice for most, but the ultrawealthy face the pressure to be more imaginative and to get more bang for their bucks. A space flight ticks many of the right boxes. Over the weekend Jeff Bezos’s space company Blue ...

When misfortunes multiplied during the coronavirus pandemic, observers seized on a four-letter word signaling end of days for the largest state with one-eighth the US population and 14% of its gross domestic product. “California doom: Staggering $54 billion deficit looms,” the Associated Press concluded a year ago in May. “California Is Doomed,” declared Business Insider two months earlier. ”Is California ...

As things stand, the global tax proposals recently announced by the Group of Seven’s finance ministers and endorsed at the weekend’s G-7 summit raise more questions than answers. The group’s governments say they’ve agreed on two linked initiatives — first, to set a common minimum corporate tax rate of at least 15%; second, to apportion the profits made by some ...

Bloomberg China lashed out at the US, calling the country “very ill indeed,” after President Joe Biden secured support from European allies to present a more united front against Beijing. Foreign Ministry spokesman Zhao Lijian criticised Biden’s efforts during summits of the Group of Seven and North Atlantic Treaty Organization (Nato) in recent days. The response was the latest sign ...

Bloomberg China’s air force sent 28 aircraft close to Taiwan, the largest sortie this year, ratcheting up military pressure on the government in Taipei as it seeks to strengthen ties with the US. The 28 People’s Liberation Army aircraft, including 14 J-16 and six J-11 fighters, were detected in Taiwan’s southwestern air defense identification zone, Taiwan’s defense ministry said in ...

Bloomberg The European Union (EU) drummed up 107 billion euros ($130 billion) of orders for its debut bond sale under the recovery fund, the first sign that investor appetite is robust for the AAA-rated securities. Danske Bank A/S and ABN Amro Bank NV expect the EU to raise 10 billion euros or more from the sale of 10-year debt, with ...

Bloomberg Nordea Asset Management says it’s trying to slow the flow of cash into its global climate fund amid seemingly insatiable demand for clean assets. To “protect the interests of all shareholders and to ensure the continued efficient management of the fund,” Nordea plans to cap daily subscriptions and conversions at 1 million euros, effective June 25, it said on. ...

Bloomberg The Czech Republic should kick off interest-rate increases this month to prevent the factors driving global inflation from sending consumer prices spiralling out of control, central banker Tomas Holub said. The country is among a handful of EU states taking a hawkish stance in debate over whether surging inflation is temporary and outside of central banks’ influence or a ...