Bloomberg Canadian Imperial Bank of Commerce, National Australia Bank Ltd. and Bank Leumi Le-Israel Ltd. formed an alliance to develop technologies faster and cheaper amid an industrywide shift toward digital banking. The three lenders agreed to share information, co-develop products and services and swap employees in areas of payments, digital banking, cyber security and emerging financial technology, according to ...

  Guess what? A President Trump could adopt his new trade agenda without any authorization from Congress — and this could trigger a global trade war and a deep U.S. recession. Policies that promise to make us stronger economically could do the opposite. That’s the main take-away of a study by the Peterson Institute, a Washington think tank, of the ...

  Even during the presidential primaries it was obvious that traditional TV advertising wasn’t working as well as it once did: Four Republican candidates were outspending Donald Trump but losing to him, and Bernie Sanders spent more on TV spots than Hillary Clinton. Now, with the general election campaign in full swing, the efficiency of TV ads remains in doubt. ...

  If the most famous U.S. government secret revealed by Edward Snowden had been the only one he divulged, deciding whether he deserves a pardon from President Barack Obama would be a tougher call. Snowden famously disclosed in 2013 that the National Security Agency had been collecting Americans’ electronic metadata in bulk. The program was authorized only by a dubious ...

  The global spotlight on the refugee crisis has been prompted by the unprecedented migrant wave, not seen even during World War II. And the wave isn’t ebbing. Instead, it continues to grow and has brought in its wake a tsunami-like impact. How far the New York Declaration adopted at the recent UN Summit for Refugees and Migrants would help ...

  What a moment for President Obama to deliver his valedictory address to the U.N. Tuesday — defending the liberal international order at a time when it’s under severe stress around the world. Obama’s speech was preceded by some sickening reminders of how global security is fraying: The day before, a Syrian, or perhaps Russian, airstrike had ravaged a U.N. ...

  Self-driving cars got a green light from the U.S. government this week, but still have their own challenges: erratic human drivers, compromised visibility, unexpected route changes. Here’s one they won’t face until they catch on: zoning. As soon as self-driving cars are readily available, proponents will run into political battles over land use, a challenge familiar to urbanism advocates. ...

The idea that the world is awash in savings — one factor driving the theory of secular stagnation — is, on the surface, a persuasive one. Too bad it may not be true. Yes, the postwar generation is wealthier than any before it. But the ultimate value of any investment depends upon being able to convert it into cash and ...

  DUBAI / Emirates Business A novel strategy — the agglomeration business model — can help SMEs in the UAE and the GCC region to grow their businesses on a fast-track basis, according to an expert. Callum Laing, a Singapore-based entrepreneur and author who successfully deployed the business model along with his partners in Singapore, will reach Dubai by the ...

  Sharjah / Emirates Business The UAE Board on Books for Young People (UAEBBY) and the Goethe-Institut Gulf Region had sent two UAE authors to attend the International Literature Festival Berlin (ilb), which concluded recently in the German Capital Berlin. The move to send the two children’s book authors, Maitha Al Khayyat and Noora Al Khouri, to participate in the ...