News

  Elkhart / AFP President Barack Obama shifted into full election campaign mode, accusing Republicans of trying to dupe middle class American voters about the economy and prey on their fears. Democrat Obama ditched his suit jacket and rolled-up his shirt sleeves for an hour-long partisan political speech in a predominantly Republican district of Indiana, a battleground state in the heart ...

  Bloomberg Chile’s solar industry has expanded so quickly that it’s giving electricity away for free. Spot prices reached zero in parts of the country on 113 days through April, a number that’s on track to beat last year’s total of 192 days, according to Chile’s central grid operator. While that may be good for consumers, it’s bad news for ...

  Sunaina Rana / Emirates Business Ties between Peru and the UAE have seen a burgeoning growth over the past few years in terms of trade, investments and political relations. According to Alvaro Silva-Santisteban, Director of the Trade, Tourism & Investment Office Peru, UAE, the total exports from Peru to the UAE have increased by 700% from 2011 to 2014, ...

  DUBAI / Emirates Business The Community Management Week (CMW), a pioneering event that brings five dedicated shows under one banner, ended on a high note recently with the signing of new major business deals and engagements with thousands of visitors and professionals who witnessed a range of sustainable and cutting-edge community management solutions from the inter-related shows. Organized by ...

  ALKESH SHARMA / Emirates Business The UAE is witnessing a huge influx of tourists, reaching for business as well as leisure purposes. Considering the extent of commercial activities in the country, pressure on the ecosystem is bound to surge manifold in the coming years, affirm industry experts. Notably, the corporates in the Emirates have started making a sustainable contribution ...

  ABU DHABI / Emirates Business The Abu Dhabi Sports Council (ADSC) has teamed up with the Abu Dhabi National Exhibitions Company (ADNEC) to organise the Abu Dhabi Sports Festival — a two-month celebration of sports and community. The first month will see exciting football and volleyball tournament action. Victorious teams will walk away with up to AED 300,000 (USD ...

  Dubai / Emirates Business The Foreign Exchange and Remittance Group (FERG) — comprising businesses engaged in money exchange and remittances — held its scheduled Midyear General Meeting (MGM) at the Shangri La Hotel, Dubai. The MGM was an occasion for FERG members to network and exchange views while participating in setting the organisation’s strategy and agenda for the latter ...

  Bloomberg U.K. Prime Minister David Cameron and opposition Labour Party leader Jeremy Corbyn returned to the front line to make the case for staying in the European Union as the anti-Brexit campaign attempted to maintain momentum three weeks out from Britain’s referendum. The pound dropped earlier this week as successive polls showed a swing in favor of “Leave,” suggesting ...

  Bloomberg Rallies in the pound are proving tough to sustain as recent opinion polls puncture investor confidence that the U.K. will choose to remain in the European Union in the June 23 referendum. Sterling rose versus the dollar on Thursday after dropping the previous two days as surveys released this week signaled the ‘Leave’ camp pulling ahead of the ...

  Netherlands / AFP US delivery giant FedEx now owns over 98 percent of Dutch rival TNT, the two companies announced on Thursday as they move to complete a key $4.4 billion tie-up after winning EU approval. The deal unveiled in April 2015 came two years after the European Commission, the European Union’s powerful executive arm, had torpedoed a bid ...