Dubai / Emirates Business Digitalks, Middle East’s first digitally-focused conference series ended on a high note, with an impressive line-up of visitors and international participants tackling the most pressing issues facing the digital communications industry on Wednesday. The launch of Digitalks brought together some of the most accomplished and creative minds in the business, providing a new platform for industry ...
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Macron balks at price-tag for Paris’s grand transport plan
Bloomberg A massive extension of the Paris metro system that would see miles of tunnels dug around the French capital is becoming one of President Emmanuel Macron’s biggest headaches. The $47 billion infrastructure project, dubbed ‘Grand Paris,’ will involve building 200 kilometres of track and 68 stations but it’s being delayed because the government can’t decide which of the lines ...
Read More »UK labour market unexpectedly strong as employment rises
Bloomberg The UK labour market displayed unexpected resilience in the three months through November as employment jumped and wage growth ticked higher. The number of people in work rose 102,000 to a record high, confounding market expectations that employment would fall. Basic pay growth quickened to 2.4 percent, the highest in almost a year, though it still lags well behind ...
Read More »US: The trade war is just starting
Bloomberg Billionaires, world leaders and investors are gathered in Davos, Switzerland, for the World Economic Forum’s annual meeting to hobnob and discuss topics ranging from the global economy and harassment, to the risks and opportunities of artificial intelligence. Not to mention hear a speech by US President Donald Trump. The second day at Davos saw German Chancellor Angela Merkel, French ...
Read More »India’s steelmaker mulls buying rivals’ assets
Bloomberg JSW Steel Ltd., India’s biggest producer, is interested in snapping up two struggling rivals, Bhushan Steel Ltd. and Monnet Ispat & Energy Ltd., as part of an industry-wide wave of consolidation sparked by a new bankruptcy law designed to clear-out distressed assets. The Mumbai-based company will partner with Japan’s JFE Holdings Inc., which holds a 15 percent stake in ...
Read More »There can be only losers in washing machine war
Bloomberg To understand why President Donald Trump slapped a global tariff on washing machine imports rather than singling out offending countries, it helps to follow the years-long cat-and-mouse game between US officials and South Korean manufacturers LG Electronics and Samsung Electronics. In 2011, US rival Whirlpool Corp. accused the two Asian companies of dumping machines made in South Korea and ...
Read More »Russia responsible for Syrian chemical use, says Tillerson
Bloomberg Russia should stop blocking United Nations efforts to investigate alleged violations of a 2013 accord to remove chemical weapons from Syria, US Secretary of State Rex Tillerson said. As the party ultimately responsible for chemical weapons use by the Syrian regime, Russia should at least abstain during UN Security Council votes, Tillerson said in Paris at the end of ...
Read More »Sheikh Mohammed reviews progress of Dubai Creek Tower
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, reviewed the progress of Dubai Creek Tower, the global icon in the heart of the 6 square kilometre Dubai Creek Harbour. His Highness was accompanied by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of ...
Read More »Aga Khan praises charitable, humanitarian works of UAE
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received Aga Khan IV, Imam of the Shia Ismaili Muslims, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. During the meeting, Sheikh Mohammed and Aga Khan exchanged ...
Read More »Expo 2020 Dubai launches first global marketing drive
DUBAI / WAM Expo 2020 Dubai has launched its first international marketing campaign, using hands to demonstrate the power of human collaboration. Using bold colours and the dexterity of dozens of hands, the campaign visuals create the illusion of easily recognisable objects, such as the Burj Khalifa, a lightbulb, Earth and wind turbines. The launch comes with 1,000 days to ...
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