News

KHDA to organise design-thinking workshop

  Dubai / WAM Wellbeing, positive education and the benefits of learning in nature will be the focus of a design-thinking workshop by the Knowledge and Human Development Authority (KHDA) on Saturday. The workshop will be held at the Wellbeing Campus of the Hatta Development Project, an eco-tourism and learning initiative recently announced by Vice President and Prime Minister of the ...

Read More »

SLC highlights legislative audit standards to 17 govt entities

  Abu Dhabi / Emirates Business The Supreme Legislation Committee in the Emirate of Dubai (SLC) hosted recently a panel discussion titled the ‘Legislative Audit Guidelines for Proper Implementation of the Legislation in force in the Emirate of Dubai.’ During the sessions, 17 participating local government entities gained valuable insights on the legislative audit. This includes the rules and measures ...

Read More »

‘OPEC deal no game changer as budget battle heats up’

  Bloomberg Russia’s finance minister is counting himself among the skeptics of OPEC’s agreement to cut production, if only to beat back efforts to raid a windfall as oil rallies. “Improvements in oil prices, in our view, aren’t structural in character,” Anton Siluanov told reporters in Moscow. “Rather, it’s a reaction to the limits on oil output adopted by OPEC ...

Read More »

Tata Motors turns key battle in biggest Indian proxy fight

  Bloomberg Tata Motors Ltd., the $22 billion producer of Jaguar sports cars and Land Rover sport utility vehicles, is shaping up as a key battleground in the fight for control of India’s biggest conglomerate. Tata Group is facing opposition to its plan to remove Cyrus Mistry from the automaker’s board after Glass Lewis & Co. and Institutional Shareholder Services ...

Read More »

Hong Kong property shares turn toxic as mortgage costs spike

  Bloomberg Hong Kong’s property developers are fast falling out of favor among investors as surging mortgage costs and punitive taxes threaten to choke home sales. A gauge of real estate companies traded on the city’s stock market has tumbled 13 percent this quarter, with developers accounting for half of the biggest losers on the benchmark Hang Seng Index, which ...

Read More »

Australia records biggest job gain this year

  Bloomberg Australia’s economy recorded its biggest monthly jobs gain this year, led by full-time employment, while a higher participation rate also signaled a healthier labor market. Employment jumped 39,100 from October, more than double economists’ forecast for a 17,500 gain. October jobs gain was upwardly revised to 15,200 from 9,800. Jobless rate rose to 5.7 percent from 5.6 percent. ...

Read More »

GM-SAIC venture under China anti-trust probe

  Bloomberg General Motors Co.’s joint venture in China with SAIC Motor Corp. is being investigated by the government for possible anti-trust violations, according to people familiar with the matter. Any action by the National Development and Reform Commission, which is conducting the probe, may be subject to changes, said the people, who asked not to be identified because the ...

Read More »

Takata restructuring delayed as bidders assess business

  Bloomberg Takata Corp.’s selection of a bidder is running behind schedule as the shortlisted companies embark on a more thorough review of the air-bag maker behind the biggest auto safety recall, according to people familiar with the matter. The successful bidder may only be named some time in the January-to-March quarter, the people said, asking not to be identified ...

Read More »

VW gains market share first time since ‘diesel scandal’

  Bloomberg Volkswagen AG gained market share in Europe for the first time since its diesel-cheating scandal erupted in September 2015, a sign that the German manufacturer is regaining consumer trust. The region’s biggest automaker accounted for 24.8 percent of car sales in November compared with 24.6 percent a year earlier, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said ...

Read More »

Eurozone economy robust as inflation pressures mount

  LONDON / AP The eurozone economy is ending 2016 robustly and inflation pressures are growing, a key survey showed on Thursday, in a combination that suggests the European Central Bank’s stimulus efforts are working. Financial information company IHS Markit said its purchasing managers’ index, a gauge of activity in the manufacturing and services sectors, held at 53.9 points in ...

Read More »
Send this to a friend