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Could your next boss be a robot?

  RITIKA SHARMA / Emirates Business Smart machines are set to change the DNA of global workplaces and the UAE will lead the game, IT whizzes believe. After driverless cars, virtual offices and the Museum of Future leading global digital trends, the country is soon expected to become home to robo-bosses. You read it right! Don’t be surprised anymore if ...

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G20 countries face calls for action to boost growth

  AFP The world’s leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G20 finance ministers gathered Saturday, with Britain’s vote to leave the European Union threatening more disruption. Central bank chiefs and finance ministers from the world’s top 20 economies met in the southwestern Chinese city of Chengdu, and US ...

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US stocks up as commodities retreat on dollar strength

  Bloomberg U.S. stocks rose, sending the S&P 500 Index to a record, and the dollar strengthened as speculation mounted that central banks from Japan to Europe won’t be in a rush to add to unprecedented stimulus. Emerging-market assets and commodities retreated. The S&P 500 capped a fourth weekly gain as a preponderance of earnings reports topped estimates. Verizon Communications ...

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Husky hits snag in efforts to contain Saskatchewan oil spill

  Bloomberg Husky Energy Inc. is running into difficulty containing and cleaning up a 1,570-barrel oil pipeline spill that entered the North Saskatchewan River in Canada this week, after rising water levels compromised its initial plan to capture the release. The company responded when a sheen on the water indicated a spill, and discovered it was from the failure of ...

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Turkey extends police powers, shutters schools after botched coup

  Istanbul / AFP Turkey pushed on Saturday with a sweeping crackdown against suspects accused of taking part in the failed coup against President Recep Tayyip Erdogan, extending police powers to hold people in detention and shuttering over 1,000 private schools. A week after renegade soldiers tried to oust him with guns, tanks and F16s, Erdogan’s government has rounded up ...

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Munich gunman ‘obsessed’ with mass killings

  Munich, Germany / AFP The lone teenager who shot dead nine people in a gun rampage in Munich was “obsessed” with mass killers such as Norwegian rightwing fanatic Anders Behring Breivik and had no links to the IS group, police said on Saturday. Europe reacted in shock to the third attack on the continent in just over a week, after ...

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UAE concludes productive participation in UNCTAD 14

  Abu Dhabi / Emirates Business A UAE delegation led by the Ministry of Economy concluded its productive participation in the activities of the 14th UN Conference on Trade and Development held in the Kenyan capital of Nairobi from July 17 till 22, 2016. The group was headed by H.E. Juma Mohammed Al Kait, Assistant Undersecretary for Foreign Trade Affairs, ...

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ECB primed to act after Brexit shock

  Frankfurt / AFP The European Central Bank is ready, willing and able to help put the eurozone economy back on its feet, if needed, even if financial markets have held up so far to the shock of the Brexit referendum, president Mario Draghi said on Thursday. “If warranted to achieve its objective, the governing council will act by using ...

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Abu Dhabi Ports, Enjazat sign deal to open service desks

  Abu Dhabi / Emirates Business Abu Dhabi Ports the master developer, operator and manager of ports and Khalifa Industrial Zone (Kizad) in the emirate, entered into an agreement with Enjazat Services, a leading provider of value-added services in the emirate of Abu Dhabi, to set up dedicated service desks at Kizad. These desks at Kizad’s headquarters in Al Taweelah ...

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Experts call for smart lighting solutions

  Abu Dhabi / Emirates Business Innovative lighting technologies have drastically changed the future of the lighting industry. The influence of new trends such as smart lighting and connected lighting have reshaped various lighting categories – architectural, indoor, outdoor, residential and street lighting, to name a few. Further, industry reports indicate that the residential market is the largest market sector ...

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