News

  Dubai / Emirates Business Al Fajer Emergency Medical Services, the UAE’s first non-hospital training centre for medical professionals accredited by the American Heart Association, signed a MoU with Australia-based Fink Engineering, the global leader in Hyperbaric chambers. This key partnership has been announced at the first participation of Al Fajer EMS at the Arab Health Congress 2017, reputed for ...

  Abu Dhabi / Emirates Business The UAE Space Agency will exhibit a range of cutting edge innovations and state of the art technology at the Global Space Congress – the region’s premier space event, which runs at The St. Regis Saadiyat Island Abu Dhabi on January 31 and February 1. The stand will include a 3D printing station which ...

  Bloomberg Germany is cursed by its own economic strength. For eight years, the nation of 83 million people has been the euro area’s growth driver. Now it’s at the forefront of the currency bloc’s reflation, with price increases potentially exceeding 2 percent, and dissatisfaction with the European Central Bank has morphed into outrage. Critics and media are slamming the ...

  Bloomberg A European proposal for a tax on financial transactions is trapped in limbo: financial realities won’t let it come to life while political opportunism is preventing a quick death. The tax initiative is being kept alive largely for domestic political reasons as German Chancellor Angela Merkel bids for a fourth term and France prepares for presidential elections this ...

  CHICAGO / AP Shoppers in Chicago will soon have to pay a checkout tax of 7 cents per bag at all retailers in the city unless they bring their own bags to stores. The tax, which starts Wednesday, is the city’s latest attempt to cut down on the use of disposable bags, which are usually given for free at ...

  Bloomberg It’s a good time to be Elon Musk. Shares of the billionaire’s Tesla Motors Inc. have surged 40 percent since December 1, putting the stock within reach of a 52-week high. The acquisition of SolarCity is complete. Musk’s sprawling Gigafactory is now producing battery cells. And the clean-energy evangelist has the ear of a surprising fellow in Washington: ...

  Bloomberg PetroChina Co., the country’s biggest listed oil and gas producer, said full-year net income in 2016 fell by as much as 80 percent, putting it on pace to report a record-low profit. The slump is due to lower international oil prices and domestic natural gas prices dropping “drastically” compared with the previous year, it said in a filing ...

  DALLAS / AP TransCanada has quickly filed a new application to build Keystone XL, one of two big oil pipelines being given a second chance by President Donald Trump. Former President Barack Obama rejected the Keystone XL in 2015. The Army halted construction of the Dakota Access pipeline last month. The move by Trump fulfills a campaign promise to ...

  Bloomberg Three months into a cash ban that has sucked out momentum from one of the world’s fastest-growing economies, Prime Minister Narendra Modi has little room to boost spending. While economists urge more investment in roads, ports and railways when the government presents its budget February 1, and maybe even direct cash transfers to boost consumption, a splurge carries ...

  Bloomberg North Korea’s 5 megawatt nuclear reactor at Yongbyon is showing a water plume, indicating that the plant is probably operating at the facility, a US research institute said. The facility, which had suspended operations in late 2015, is capable of producing enough plutonium to assemble one atomic bomb every year. Satellite pictures taken Jan. 22 show emissions from ...