News

Dubai / WAM Emirates Post Group (EPG) has said that its ‘Tejari Box’ service offers many value-additions to owners of multiple trade licenses, allowing them to rent a single P.O. Box for all trade licenses issued in the same emirate, provided they are under the same owner’s name. Chief Commercial Officer of EPG, Ibrahim Bin Karam, said that the Tejari ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) and an economic delegation from the People’s Republic of China, have discussed ways to develop and strengthen economic relations between the two countries in general and Sharjah Chamber in particular. The two sided also discussed the possibility of laying the foundations for the establishment of cooperative relations between the ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) has released its first set of tutorial videos that use sign language to showcase DEWA’s three major services to support hearing-impaired customers. The move supports the Smart Dubai initiative, launched by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and DEWA’s commitment ...

Bloomberg The Bank of Canada may be forced to throw cold water on a rally in the Canadian dollar that’s threatening to derail the country’s economic growth. The central bank’s interest-rate decision this week will need to factor in a currency that’s gained the most among developed nations since policy makers helped get the rally going at their Jan. 20 ...

Bloomberg Brazil’s real strengthened, defying a slump in emerging-market currencies, as reports that President Dilma Rousseff could be directly implicated in a widening corruption scandal fueled speculation she’ll be ousted. Investors who think that a new government would be better positioned to lift the country out of its economic morass sent the real up 0.4 percent to 3.7722 per dollar ...

Bloomberg Chile’s inflation rate fell for the first time in three months in February after the economy expanded at the slowest pace in almost six years. Consumer prices rose 4.7 percent from the year earlier, the National Institute of Statistics said on Tuesday in a report on its website, compared with 4.8 percent the month before. The median estimate of ...

Bloomberg Finance ministers from Mexico, Colombia, Chile and Peru met investors in New York in an attempt to reassure the markets of the stability of their economies after a slump in commodity prices and economic malaise in Brazil. The four countries, which formed the Pacific Alliance in 2011 to integrate their economies, explained to investors how they’ve have been responding ...

Bloomberg Not many people in Brazil look back on the crisis-plagued years from the late 1980s to the early 1990s as a golden era. But the people of Franca do. The country’s capital for men’s footwear is among large sections of Brazil that watched their manufacturing sectors atrophy in the emerging-market frenzy and commodities boom of the 2000s. Now the ...

Beijing / Bloomberg China’s exports saw their heaviest fall in nearly seven years in February, diving more than a quarter as feeble global trade offset the weaker yuan and raised pressure on Beijing to ramp up domestic demand. The below-forecast reading is the latest data to raise fears of a “hard landing” in China and comes days after Beijing cut ...

Tokyo / DPA The number of foreign technical intern trainees who fled from workplaces last year reached the highest level ever at 5,803, greatly surpassing the previous year’s figure, according to a Justice Ministry survey. The government believes that poor working conditions have resulted in the incidents in many cases. To counter this situation, the government plans to take legislative ...