Uncategorized

  Bloomberg The risk of record borrowings is turning Indian bond investors skeptical going into the government’s budget on Wednesday, just as foreign funds exit the market at the fastest pace since 2013. Primary dealers have rescued two of the last four sovereign-debt auctions, as Prime Minister Narendra Modi’s administration is expected to announce an unprecedented 6.25 trillion rupees ($92 ...

  Bloomberg US President Donald Trump’s proposed tariff on Mexican goods has the country’s oil industry considering just how much it needs the American market. A 20 percent border tax to build a wall between Mexico and the US means Canadian oil-sands competitors will enjoy a leg up and US motorists will suffer higher prices at the pump due to ...

  Bloomberg British households reined in their borrowing in December, casting further doubt over the strength of consumer spending this year. Unsecured lending rose by 1 billion pounds ($1.2 billion), the least since May 2015 and well below the expectations of economists. On an annual basis, credit growth slowed to 10.6 percent from 10.8 percent in November, the Bank of ...

  Abu Dhabi / Emirates Business The Dubai Airport Freezone Authority (DAFZA) is showcasing its comprehensive corporate packages designed to drive regional and global business growth during its participation at Arab Health 2017, the latest edition of the Middle East’s largest healthcare exhibition and medical congress running from January 30 to February 2 at the Dubai International Convention and Exhibition ...

  WASHINGTON / AP In an extraordinary public showdown, President Donald Trump fired the acting attorney general of the United States after she publicly questioned the constitutionality of his refugee and immigration ban and refused to defend it in court. The clash Monday night between Trump and Sally Yates, a career prosecutor and Democratic appointee, laid bare the growing discord and ...

  Bloomberg President Donald Trump’s clash with Silicon Valley over immigration is about to become even more contentious. After the new president banned refugees and travelers from seven predominantly Muslim countries, Google, Facebook, Salesforce, Microsoft and others railed against the move, saying it violated the country’s principles and risked disrupting its engine of innovation. Trump’s next steps could strike even ...

  Bloomberg Thousand of Google employees staged protests over President Donald Trump’s executive order on immigration, revealing rising tension between the technology industry and new administration. More than two thousand employees of Google parent Alphabet Inc. participated across several offices. At Google’s Mountain View, California, headquarters, Chief Executive Officer Sundar Pichai and co-Founder Sergey Brin — both immigrants — spoke ...

  AL AIN / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended graduation ceremony of the 41st batch of graduates at the Zayed II Military College in Al Ain. The ceremony began upon the arrival of His Highness at the college headquarters. Following the playing of the ...

  Dubai / WAM The Ministry of Economy on Monday signed an agreement and a Memorandum of Understanding with two government institutions to sustain its successes and accelerate growth in patent registrations. The agreement was signed with the Telecommunications Regulatory Authority (TRA) represented by the ICT Development Fund (ICT-DF) to finance the registration of additional 200 patents in information and communications ...

  Dubai / Emirates Business Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), launched the Free Electrons programme, a global energy accelerators programme that provides an integrated framework to promote international cooperation and support innovation, to identify solutions to meet future global energy needs. The announcement was made at the Armani hotel in Dubai. ...