News

  Bloomberg The Dunkirk liquefied natural gas terminal in France received its first cargo on Friday, boosting the nation’s import installations for the fuel to four, just as a wave of new supply hits the market. Madrid Spirit, a 285-meter-long tanker, delivered a commissioning cargo from Nigeria, Electricite de France SA, which owns 65 percent of the project known as ...

  London / AFP A wave of women are taking power in Britain: the country will soon have a female prime minister following the Brexit vote while Scotland and Northern Ireland already have women leaders. “Is this all a happy coincidence? Has the glass ceiling finally been smashed?” the Guardian newspaper asked this week. In the race to succeed David ...

  Washington / AFP US employers added new workers at a surprisingly strong rate in June after an unnerving stall in May, in a clear demonstration of economic resilience, the Labor Department reported. The much better-than-expected numbers gave a boost to markets in the US and Europe, which have been battered down by worries that Britain’s vote to withdraw from ...

  Bloomberg CBS Radio Inc., a division of CBS Corp., filed for an initial public offering as one of the nation’s oldest broadcasters prepares to leave the shrinking AM/FM radio business. The company filed for an initial offering of $100 million, a placeholder amount that’s used to calculate fees and will probably change. CBS Radio plans to take on debt ...

  New York / BLOOMBERG Shares of Juno Therapeutics plunged after regulators suspended a clinical trial of a leukemia treatment following two patient deaths last week. The two patient deaths occurred after Juno recently added fludarabine to its chemotherapy regime that accompanies its cell treatment for acute lympoblastic leukemia. Juno, in a statement released after markets closed on Thursday, said ...

  Washington / AFP The US automotive safety regulator said it was investigating complaints of brake failures on Harley-Davidson motorcycles that have resulted in reports of three crashes and two injuries. “Riders report sudden brake system failure occurring without warning,” said the National Highway Traffic Safety Administration, which has received 43 complaints. About 430,000 motorcycles are involved in the probe, ...

  Quito / AFP The International Monetary Fund said it approved a $364 million emergency loan to Ecuador after the country was hard-hit by an earthquake in April. The money will help the country steady its finances while it addresses the huge losses from the quake, which killed some 700 people. “The April 16 earthquake that hit Ecuador caused significant ...

  Bloomberg Currency traders are going back to basics, set to watch the performance of the U.S. economy more closely than political events to discern the dollar’s direction. A gauge of the greenback posted a weekly gain as a report showed the U.S. June jobs growth exceeded forecasts by more than 100,000, raising the likelihood of a Federal Reserve interest-rate ...

  Ritika Sharma / Emirates Business Banking apps and mobile wallets will soon surpass the traditional payment methods in the UAE as more and more customers seek comfort in cashless payment systems. A vast appetite for technological advancements in the payments industry is helping in making the country one of the leading countries in the world, when it comes to ...

  Sunaina Rana / Emirates Business Robots will no longer be just machines. As innovation drives many technological advancements around the world, IT company ASUS has come up with its first-ever tech-kid — ‘Zenbo’. The home robot has specific functions which include assisting senior family members with their health, giving reminders of important information, monitoring and alerting about emergency situations ...