News

  Sharjah / Emirates Business Dr Sultan Al-Qasimi Centre of Gulf Studies is set to join the growing list of locations hosting performances from the Sharjah Light Festival (SLF), which is scheduled to dazzle the public for 10 days until February 11 – from 6pm to 11pm on weekdays and until midnight on weekends. The Festival is organised by the ...

  Bloomberg The software industry went on a shopping spree in 2016, and this year could be even busier, bolstered by the new president’s policies and what one analyst suggests could be a major deal by Google. The value of software deals in 2016 topped $115 billion for acquisitions closed or pending, according to data gathered by Bloomberg. That’s up ...

  WASHINGTON / AP The first US jobs report to be released since Donald Trump became president will reveal whether growing confidence among businesses fueled an accelerated pace of hiring in January. Economists remain watchful. They have forecast that the government will report that employers added a solid if unspectacular 175,000 jobs, according to data provider FactSet. That’s roughly in ...

  Bloomberg Planet Labs Inc., a startup that launches small satellites into orbit and sells the imagery, is acquiring the Terra Bella satellite business of Alphabet Inc. in a bid to take on larger industry incumbents. In return, Alphabet’s Google is taking a stake in the startup. Google has also agreed to purchase satellite images captured by Planet in a ...

  Bloomberg Maserati North America Inc. is recalling at least 39,381 Quattroporte, Ghibli, and Levante vehicles after discovering two defects that could lead to fires. Adjusting the front seats could potentially lead to electrical shorts and fires in those vehicles from model years 2014 through 2017, according to documents filed with the US National Highway Traffic Safety Administration. The company ...

  LONDON / AP Britain is leaving the European Union’s single market but wants a “frictionless” new trade relationship with the bloc, the government said in the most detailed account yet of its EU exit plans. In a bid to ease uncertainty around the UK’s exit from the European Union — and appease opposition demands for greater clarity — the ...

  Bloomberg OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal. The Organization of Petroleum Exporting Countries pumped 32.3 million barrels a day in January, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. The 10 members of the group ...

  Bloomberg The oil industry’s struggle through the worst slump in a generation showed signs of easing, with Royal Dutch Shell Plc managing to reduce its record debt for the first time since the downturn began. Rising oil prices and billions in cost cuts allowed Europe’s largest energy company and fellow giant Exxon Mobil Corp. to generate enough cash to ...

Bloomberg The exchange that’s home to Brent crude futures hired a consultant to discuss with traders, banks and other market participants measures to revamp how North Sea oil prices are calculated. Intercontinental Exchange Inc. (ICE) hired Energex Partners, founded by former Morgan Stanley oil traders, to discuss potential changes to the multi-layered North Sea market that includes both physical and ...

  ANKARA / Reuters Turkey’s growth will be below potential in 2016 and this year, the International Monetary Fund said, citing political uncertainty, strained relations with Europe and insecurity at home and in the region. The IMF said growth in 2016 would be 2.7 percent, below the government’s official 3.2 percent forecast, rising to just 2.9 percent in 2017, below ...