Bloomberg The red lines Britain has signalled it will adopt in Brexit talks are “fully incompatible†with its aspiration to keep membership in the single market, and there won’t be any negotiations until the U.K. triggers the process, Slovenia’s prime minister said. Miro Cerar, premier of the former Yugoslav Republic of 2.1 million people, echoed other EU leaders, saying ...
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Karlsruhe / AFP Germany’s top court on Wednesday heard complaints from some 200,000 citizens and campaigners who want to stop a planned EU-Canada free trade agreement set to be signed later this month. They are asking the Constitutional Court to prevent the government from endorsing the so-called CETA accord at a gathering of EU ministers next week, arguing that ...
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DUBAI / Emirates Business Consumers in the UAE appear to agree with the current real estate market sentiment that now is good time to buy property, according to statistics from compareit4me.com, the Middle East’s leading finance comparison site. Using data from its mortgage comparison platform, compareit4me can reveal that there was an 119.5% increase in the number of people ...
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Dubai / Emirates Business More than two-thirds of young national Arabs in the Gulf states still hope to land jobs with government, despite initiatives to encourage them to seek out careers in the private sector. This new finding from the eighth annual ASDA’A Burson-Marsteller Arab Youth Survey was unveiled by Sunil John, the CEO of ASDA’A Burson Marsteller, at ...
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Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince of Dubai and General Supervisor of Dubai Islamic Economy Development Centre (DIEDC), on Tuesday launched the ‘My Salaam’ portal and mobile app in Dubai on the sidelines of the Global Islamic Economy Summit (GIES) 2016. In a bid to further digitise the dynamic sectors spanning the ...
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Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, received Gaston Browne, the visiting Prime Minister of Antigua and Barbuda, and his accompanying delegation. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy ...
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Seoul / AFP Samsung on Tuesday suspended all production of its Galaxy Note 7 smartphone, halted sales worldwide and told customers to stop using the device, following reports that replacements for combustible models were also catching fire. The South Korean company’s latest efforts to contain a snowballing recall crisis that threatens to derail the powerhouse global brand came as ...
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Bloomberg Jera Co., a venture between two of Japan’s biggest power utilities, agreed to acquire EDF Trading Ltd.’s coal-trading business as part of a push to lower fuel costs and expand its overseas business. The Tokyo Electric Power Co. Holdings Inc. and Chubu Electric Power Co. venture signed a non-binding agreement to buy all of EDF Trading Australia Pty, ...
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Port-au-Prince / AFP Haiti faces a humanitarian crisis that requires a ‘massive response’ from the international community, the United Nations chief said, with at least 1.4 million people needing emergency aid following last week’s battering by Hurricane Matthew. The storm left at least 372 dead in the impoverished Caribbean nation, with the toll likely to rise sharply as rescue ...
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Bloomberg Britain risks losing access to the European Union’s development bank when it leaves the bloc, adding to the economic harm caused by Brexit, according to Werner Hoyer, the bank’s president. The European Investment Bank lent Britain a record 7.8 billion euros ($8.7 billion) in 2015, part of a U.K. loan book of almost 50 billion euros. Projects funded ...
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