Sharjah / Emirates Business Students in Sharjah buttoned up their lab coats and fired up their Bunsen burners for a carnival of science organized by Sharjah Science Museum. The Sharjah Science Carnival is taking place from April 17-21 at various locations in Sharjah, including schools, the Sharjah Science Museum, and the Maktaba at Al Qasba. Students are conducting a ...
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Gove attacks Cameron’s case for EU as Tory splits deepen
Bloomberg U.K. Justice Secretary Michael Gove attacked Prime Minister David Cameron’s case for Britain staying in the European Union, demonstrating the depth of divisions in the governing Conservative Party. Gove, one of Cameron’s closest political allies before the two decided to back different sides in the June 23 referendum, is set to use a speech in London to belittle ...
Read More »Swedish central bank gains backing for revised inflation target
Bloomberg The Riksbank may finally get what it wants after the country’s key economic players backed calls for Sweden’s central bank to be granted more time to reach its inflation target when aggressive interest cuts risk causing havoc to the economy. In response to a review of the Riksbank commissioned by parliament, most institutions also called for the bank ...
Read More »Euronext to plot ways to block deal creating European Titan
Bloomberg Stock exchange operator Euronext NV is evaluating how to create roadblocks to a merger between its London- and Frankfurt-based competitors because of concern the deal would marginalize its own role in European trading, according to people familiar with the matter. Euronext is working with advisers, including consultants and lawyers, as it prepares to argue to regulators in Brussels ...
Read More »Spain to miss deficit target in 2016 as growth slows
Bloomberg Spain is set to miss its deficit target as a cooling global backdrop holds back economic growth, Acting Economy Minister Luis de Guindos said on Tuesday as he presented the budget plan to parliament. The deficit will be 3.6 percent of gross domestic product this year, missing a target of 2.8 percent. That means Spain would require an ...
Read More »Britons in France lose sangfroid as ‘Le Brexit’ fear looms large
Bloomberg For Britons in France, the upper lip is stiff no more. Louise Garavaglia, who has lived in France for more than two decades, is rushing to apply for a French passport before the June 23 “Brexit†referendum in the U.K. and has no time for “wait and see.” For his part, Paris-based financial consultant Paul Johnson-Ferguson is getting ...
Read More »Signs of recession flash in US jobs data
Bloomberg As the economy again started off the year on a sour note, the glass-half-full crowd pointed to the strength of the U.S. jobs market as a reason not to worry. As long as payrolls are racking up monthly gains of 200,000 or more, the economy remains in fine fettle, or so the optimists would have it. Take a ...
Read More »UnitedHealth profit beats estimates, fuelled by Optum unit
Bloomberg UnitedHealth Group Inc., the biggest U.S. health insurer, posted first-quarter profit that beat analysts’ estimates as results from its Optum technology and consulting business helped overcome losses on Affordable Care Act plans. Although selling Obamacare plans represents a small portion of UnitedHealth’s revenue, the business has been under scrutiny because of its widening losses. The insurer plans to ...
Read More »Argentina planning $15 billion bond sale in market return
Bloomberg Argentina plans to sell as much as $15 billion of bonds in its return to global bond markets after more than a decade of isolation, setting the stage for the biggest emerging-market sovereign sale since at least 1999. The nation reduced the yields it was initially offering investors after surveying potential buyers about their interest in the sale. ...
Read More »Peru keeps 4.25 pc rate as inflation retreats amid sol’s rally
Bloomberg Peru kept borrowing costs unchanged for a second month as slowing inflation and a rally in the sol give policy makers more time to gauge the impact of earlier rate increases. The central bank board, led by bank President Julio Velarde, maintained the key rate at 4.25 percent, matching the forecasts of 11 of 14 economists surveyed by ...
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