News

  Bloomberg Britain risks losing access to the European Union’s development bank when it leaves the bloc, adding to the economic harm caused by Brexit, according to Werner Hoyer, the bank’s president. The European Investment Bank lent Britain a record 7.8 billion euros ($8.7 billion) in 2015, part of a U.K. loan book of almost 50 billion euros. Projects funded ...

  Milton Keynes / AFP Driverless vehicles carrying passengers took to Britain’s streets for the first time on Tuesday in a landmark trial which could pave the way for their introduction across the country. The compact two-seater cars trundled along a pedestrianised zone in Milton Keynes, north of London, in a trial by Transport Systems Catapult (TSC) which plans to ...

  The Hague / AFP Dutch authorities said on Tuesday they have suspended plans to sue the US makers of Pokemon Go after the company deleted its virtual pets from a protected beach in The Hague. The so-called Pokestops and Pokegyms, which attract Pokemon and allow players to buy accessories to capture, treat and train the virtual monsters, “have been ...

  Frankfurt / AFP Sentiment among investors in Germany sharply improved this month from its post-Brexit doldrums, data showed on Tuesday, but analysts warned against overconfidence. The ZEW economic institute’s headline investor confidence index hit 6.2 points in October, an increase of 5.7 points over September and beating the 4.0 points analysts surveyed by Factset had predicted. Sentiment had hovered ...

  Geneva / AFP The UN health agency on Tuesday urged countries to start taxing sugary beverages as they fight against an obesity epidemic, pointing to evidence that price hikes can dramatically reduce consumption. The World Health Organization’s recommendations on sweetened beverages came as the world seeks to bring down whopping obesity rates, with one in three adults overweight. “There ...

  The US government reiterated its request that construction of an oil pipeline in North Dakota be paused, while authorities consider the impacts of its route on a Native American tribe. The Dakota Access Pipeline has been the subject of a months-long protest, in which Native Americans and their supporters have camped out in the state’s prairie lands to block ...

  DUBAI / Emirates Business Private sector companies in Dubai experienced another strong improvement in business conditions during September. This was highlighted by the seasonally adjusted Emirates NBD Dubai Economy Tracker Index posting 55.1, down fractionally from 55.7 in August but still well above the 50.0 no-change threshold. On average in the third quarter of 2016, the headline index signalled ...

  Dubai / Emirates Business Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, announced the launch of its ‘Reading Box’ initiative that hold its first event at The Dubai Mall. This interactive public initiative will run across Dubai from October 11 – 24 in support of the UAE Government’s Year of Reading ...

  Emirates Business DarkMatter, an international cyber security firm headquartered in the UAE, announces that its cyber governance and risk expert, Harshul Joshi, will participate in a Dubai Future Accelerators panel discussion entitled, “Cybersecurity in a Smart City”. The session will take place from 7-8pm on October 12 at the Dubai Future Accelerators auditorium in the Jumeirah Emirates Towers offices. ...

  Dubai / Emirates Business A majority of the accidents in the workplace are caused due to either a poorly trained or supervised workforce or badly-equipped workers, according to a senior Dubai Municipality official, who was speaking at the recent BOHS Worker Health Protection Conference held in Abu Dhabi recently. Raed Al Marzouqi, Head of Occupational Health and Safety at ...