Donald Trump: “We’ve got to get rid of the $19 trillion in debt.” Washington Post: “How long would that take?” Trump: “I would say over a period of eight years.” – March 31 Fortune: “You’ve said you plan to pay off the country’s debt in 10 years. How’s that possible?” Trump: “No, I didn’t say 10 years.” – April 19 ...

  With mounting pressure from Euro creditors, International Monetary Fund (IMF) and Greek trade union, the Greek parliament voted on a controversial tax and pensions overhaul on Sunday amid protests against the unpopular reforms in Greece. Leftist Prime Minister Alexis Tsipras, whose grass-root supporters object to the reforms, pragmatically backs the package of painful measures demanded by the terms of ...

  Justin Fox In the spring and summer of 2007, as the first tremors of the coming financial earthquake were making themselves felt, just under 8.4 million people were working in the U.S. financial sector. This April, according to today’s employment report, that number was 8.25 million. That’s not much of a decline. Viewed in the context of the decades-long ...

  A widely anticipated trip by U.S. President Barack Obama to Vietnam later this month has raised expectations to unprecedented levels among the boffins in the politburo. Relations between the old Cold War foes have never been better, and that should be a concern to China. Ties struck a friendly peak last July when Vietnam’s Communist Party General Secretary Nguyen ...

  BLOOMBERG Saudi Arabian stocks advanced as investors judged the government shakeup that ushered in a new central banker and oil minister would help the kingdom reduce its dependence on crude. Gulf stocks ended their longest losing streak in almost two months. The Tadawul All Share Index rose as much as 1.2 percent before closing 0.2 percent higher at 6,672.48 ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.32% to close at 4483.18 points. Accordingly the Market Capitalization has gained AED 2.29 billion attaining AED 727.23 billion. A total of 235.9 Million Shares were traded with a total value of AED 320.01 million during the trading session of 08-05-2016 through 4052 transactions. The number of companies ...

  ALKESH SHARMA / Emirates Business After beacons and self-automated kiosks, robotics is the next innovative kid on the block that is all set to bombard the world of smart airports in the coming months. Aviation experts maintain that an investment of upto $5 billion is expected to be made in the sector of aviation robotics in next three years. ...

  Dubai / Emirates Business The Smart Dubai Office (SDO) recently organized an introductory meeting at Dubai Department of Economic Development (DED) as part of its general plan based on working jointly and combining efforts with the founding strategic partners to make a success of the SDO’s initiative aimed at firmly establishing Dubai as the smartest city on earth by ...

  Sunaina Rana / Emirates Business As digitalisation triggers a boom in almost all sectors in the economy, a recent study in the UAE — as part of global survey ‘Mobility, Performance and Engagement’ — stated that the rise in employee engagement can upgrade performance at the workplace with assistance from mobile strategy. According to the survey, access to the ...

  ABU DHABI / Emirates Business As the UAE rolls out its happiness movement with the newly-established Ministry of State for Happiness, focus is being shifted towards eradicating negativity, and everyone in the community has a role to play in making this happen, a report in the latest issue of the 999 Magazine says. The 999 Magazine, the official monthly ...