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  Washington / AFP The unexpected downturn in the US jobs market has once again removed an interest rate hike from the table as the Federal Reserve meets on monetary policy this week. Analysts say the dismal May jobs report released on June 3, the worst in almost six years, and still-weak inflation will stay the hand of the Federal ...

  Bloomberg Brazil’s fiscal accounts were in worse shape than initially thought after the suspension of Dilma Rousseff, underscoring the challenge facing the country’s new economic team, acting President Michel Temer said. “It was surprising, in a negative way, what we encountered,” Temer told the Folha de S. Paulo newspaper in an interview on its website. “The fiscal accounts were ...

  Abu Dhabi / WAM e-Dirham, the national e-payment system initiated by the UAE Ministry of Finance (MoF) in collaboration with National Bank of Abu Dhabi (NBAD), was conferred with the Special Merit Award for Government to Business and Customer (G2BC) Engagement at the Armani Hotel, Burj Khalifa, Dubai. The award was given by Terrapin Middle East, the organiser of the ...

  Dubai / Emirates Business Dulsco, a regional leader in human resource solutions and waste management services, is contributing towards achieving the United Nations Sustainable Development Goals (SDGs). Recognizing the critical role education plays in eradicating poverty, the company has contributed to the construction of a school in Nepal as part of Dubai Cares’ “Adopt a school” initiative. Representatives from ...

  Abu Dhabi / WAM Solar Impulse 2 (Si2), the record-shattering solar-powered plane, touched down in New York City, completing the latest leg of its quest to circumnavigate the world without a drop of fuel. A representative from Masdar, Solar Impulse’s host partner, attended the arrival of the airport at John F. Kennedy airport. Commenting on the plane’s arrival in New ...

  Alkesh Sharma Emirates Business Airlines worldwide are spending more on technological advances to offer more personalised options for travellers. Right from booking the most comfortable seat to tracking luggage, printing boarding pass and getting regular updates on flight schedules, passengers are now able to control an array of things through their smart devices. According to The Airline IT Trends ...

  Dubai / Emirates Business The Department of Economic Development (DED) in Dubai has made eight new additions to the list of business activities licensed in the emirate, bringing the total number of activities to 2,133 from 2,125. The decision follows feedback on local market needs and the demand-supply situation gathered periodically from various industry sectors as part of facilitating ...

  WASHINGTON / AP Far from ending the two wars he inherited from the Bush administration, Barack Obama is wrestling with an expanded set of conflicts in the final months of his presidency, from Iraq and Afghanistan to Libya and Syria, with no end in sight. In Afghanistan, where a Taliban resurgence has upset Washington’s “exit strategy,” Obama is giving the ...

  Beirut/ AFP Western powers lashed out at Syria’s government, accusing regime forces of dropping barrel bombs on the town of Daraya hours after it received its first food aid in almost four years. The strikes, using crude unguided explosive devices, came as Arab-Kurdish fighters said they had encircled a stronghold of IS fighters in northern Syria, cutting off a ...

  Beijing / Bloomberg The International Monetary Fund’s No. 2 official urged China to take immediate steps to tackle rising corporate debt or risk “dangerous detours” during the country’s transition to a consumption-oriented economy. “Corporate debt remains a serious — and growing — problem that must be addressed immediately and with a commitment to serious reforms,” David Lipton, the IMF’s ...