Uncategorized

Britain’s tech startups eye continent as Brexit sows angst

  Bloomberg British technology startups are beginning to stress out over Brexit. Initially confident their industry wouldn’t be harmed by Britain’s break from the European Union, UK tech entrepreneurs are now girding for a bevy of challenges. A poll of 940 startup executives in the UK and other nations found that Brexit, which is set to be triggered in March, ...

Read More »

Education ‘key’ to country’s economic prosperity: WB

  Dubai / WAM In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, World Bank Group President Jim Yong Kim has launched a global education platform that gathers annually during the World Government Summit, with the aim of supporting education worldwide, and support children education among ...

Read More »

Mohamed, UN chief discuss global peace and stability

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received Antonio Guterres, Secretary-General of the United Nations, UN, at Al Bahr Palace. The Abu Dhabi Crown Prince welcomed Guterres and congratulated him on assuming his post as the UN Secretary-General, wishing ...

Read More »

UN Security Council meeting sought over NKorea missile test

  North Korea / AP The United States, Japan and South Korea have requested urgent diplomatic talks at the United Nations on Monday over North Korea’s latest ballistic missile launch, with Seoul condemning what it called “serious military and security threats” and predicting more such tests. A spokesman for the US Mission to the United Nations said that the meeting ...

Read More »

ADNOC to double sulphur production in UAE

  Abu Dhabi / Emirates Business The Abu Dhabi National Oil Company (ADNOC) plans to capitalise on increased sulphur processing capabilities, by doubling production and targeting new markets in Africa, Asia, South America and Australia, according to Omar Suwaina Al Suwaidi, ADNOC’s Gas Management Director. During his keynote speech, today, at the inaugural Middle East Sulphur Conference, Al Suwaidi said ...

Read More »

China tech tycoons see sinking healthcare dreams

  Bloomberg In 2014, billionaire Jack Ma, founder of online retail giant Alibaba Group Holding Ltd., declared his ambition to make China’s hospitals better, drugs cheaper and people healthier. Others in China’s tech universe were becoming equally bullish on health care, and that year alone, investment in the internet health sector surged about sevenfold to $1.4 billion. Since then, billionaire ...

Read More »

India inflation eases more than expected

  Bloomberg India’s inflation grew at its slowest pace on record even as the central bank unexpectedly held interest rates in its monetary policy review last week. Consumer prices rose 3.17 percent in January from a year earlier, the Statistics Ministry said in a statement in New Delhi on Monday. That’s slower than the 3.24 percent median estimate in a ...

Read More »

Germany firms zone in on global risks overshadowing economy

  Bloomberg Germany’s economy is running at full speed, yet some of its biggest companies are far from getting carried away about the future. Thyssenkrupp AG last week became the latest of the country’s top firms to intertwine words of caution in what’s shaping up to be a strong earnings season, joining peers like Siemens AG in warning against global ...

Read More »

Valentine’s chocolate gets cheaper as cocoa supply swells

  Bloomberg Buying your sweetheart a box of Valentine’s Day chocolates could be cheaper this year thanks to booming cocoa supplies. Growers are collecting bigger harvests in Latin America and in West Africa, which accounts for about 70 percent of global production. The output gains have pushed cocoa futures to the lowest since 2008, cutting costs for companies including Mondelez ...

Read More »

Trump, Brexit pose risk to euro-area economy outlook

  Bloomberg The election of Donald Trump in the US and the UK’s decision to leave the European Union are heightening economic risk in the euro area, the European Commission said, as it predicted growth would slow this year. In its first set of economic forecasts compiled since Trump’s victory and with the British government gearing up to officially trigger ...

Read More »
Send this to a friend