Paris / AFP France’s main union said that striking transport workers had been instructed not to block football fans from reaching the Paris stadium for the Euro 2016 kick off. “All the supporters will be able to reach the Stade de France stadium this evening,” CGT union leader Philippe Martinez, adding that despite an ongoing train strike “there are ...
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Pound traders seek more security against drop before June 23 vote
Bloomberg Less than two weeks before the U.K. votes on whether to remain in the European Union, traders are piling into more options on the pound that protect against a decline versus a gain. The bias toward the downside, the most in at least 13 years, coincided with sterling depreciating for a second week as opinion polls signaled the ...
Read More »Brexit poll sees 10-Point ‘Leave’ lead two weeks before vote
Bloomberg The campaign for Britain to leave the European Union took a 10 percentage-point lead in a poll published late Friday, less than two weeks before the country votes in a referendum. The survey of 2,000 people by ORB for the Independent newspaper found 55% in favor of a so-called Brexit, up 4 points since a previous poll in ...
Read More »ECB’s foray into junk-rated bonds seen as ‘too little, too late’
Bloomberg Mario Draghi’s foray into corporate bonds with junk ratings was an “aggressive” effort in monetary stimulus, but it still may not be enough to jump-start the region’s economy, according to Putri Pascualy at Pacific Alternative Asset Management Co. “It was a very aggressive move,†Pascualy, managing director and credit strategist for Paamco, said of the European Central Bank ...
Read More »Mercedes-Benz to start selling plug-in fuel cell GLC sports utility vehicle in 2017
Bloomberg Mercedes-Benz will start selling a fuel-cell electric version of its GLC sport utility vehicle next year, an effort to broaden the appeal of the technology with the first publicly available battery that can be charged both with hydrogen and at a wall socket. Able to drive about 500 kilometers (310 miles) before recharging, the car is part of ...
Read More »ME to spend $212bn on IT
DUBAI / Emirates Business Under the theme “Reimagining Realitiesâ€, Gitex Technology Week 2016, from October 16-20, will highlight how technology can transform businesses through cutting-edge showcases, international keynotes and dignitaries from around the globe in attendance. Robotics and drones will demonstrate how the supply chain is evolving at the upcoming Gitex Technology Week, the largest technology exchange and marketplace ...
Read More »AW Rostamani wins ‘Call Center of the Year’ award
DUBAI / Emirates Business AW Rostamani Group scooped up a trio of awards at the recent eleventh annual Middle East Call Centre Awards event hosted by Insights Middle East, the authority in the region for the contact center industry. The coveted Call Center of the Year award was one of three award categories won by AW Rostamani. The accolade ...
Read More »du launches WiFi at WAFI Mall
DUBAI / Emirates Business du announced the launch of WiFi UAE at WAFI Mall in Dubai, UAE. Visitors to the mall will now have access to seamless, reliable and secure connectivity to access the internet, and the choice of premium or free WiFi including high-speed internet to browse government websites and apps. “In support of our leadership’s vision of ...
Read More »Unilever renews environmental partnership with Choithrams
Dubai / Emirates Business Unilever, one of the world’s leading FMCG companies and manufacturer of iconic brands such as Lipton and Lifebuoy, announced the renewal of its partnership with retail chain Choithrams, which operates over 37 stores in the United Arab Emirates. The announcement, which coincides with the World Environment Day, sees Unilever and Choithrams continue collaborating towards environmental ...
Read More »ePay bags ‘Smart ePayment Gateway Excellence Award’
Dubai/ Emirates Business The ePay service provided by Smart Dubai Government Establishment (SDG) bagged the 21st Middle East Smart Government and Smart Cities Excellence Award in the category of ‘Smart ePayment Gateway Excellence Award’, which is organized by the Middle East Excellence Awards Institute to recognize the strategic role played by government establishments, keep pace with the futuristic trends ...
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