Bloomberg President Donald Trump and Russian President Vladimir Putin pledged cooperation in fighting the IS, the two sides said, as they seek to ease tension after Russia’s invasion of Ukraine, its support for Syria, and allegations that Russian hackers sought to sway the US election. “The positive call was a significant start to improving the relationship between the United ...
Read More »Uncategorized
Feb budget ‘critical’ for India amid cash ban
Bloomberg Three months into a cash ban that has sucked out momentum from one of the world’s fastest-growing economies, Prime Minister Narendra Modi has little room to boost spending. While economists urge more investment in roads, ports and railways when the government presents its budget February 1, and maybe even direct cash transfers to boost consumption, a splurge carries ...
Read More »Demand for tires in China makes gloves dear
Bloomberg Consumers across the globe donning gloves to do the dishes may soon feel the heat from rubber being burned on China’s roads. Surging car sales in China in the last few months have more than doubled the price of a little-known chemical called butadiene. The colorless gas, used for making synthetic rubber, has soared in tandem with rising ...
Read More »UAE, Burundi ink pact to pursue cooperation in sustainable devp
Abu Dhabi /Â WAM Dr Amal Abdullah Al Qubaisi, Speaker of Federal National Council (FNC), met with Nyabenda Pascal, President of the National Assembly of Burundi (NAB), and his accompanying delegation on Saturday. Dr Al Qubaisi discussed with the NAB President ways to enhance bilateral co-operation between the two countries, issues of mutual interest and means to strengthen parliamentary relations ...
Read More »Mohammed announces National Giving Retreat on February 1
Dubai / WAM In line with the President His Highness Sheikh Khalifa bin Zayed Al Nahyan’s declaration of 2017 as the national Year of Giving, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on saturday called for a national ‘Giving Retreat’ on February 1. The retreat will bring together over 100 cabinet ...
Read More »Trump bars refugees entry for 4 months, citing terrorism
WASHINGTON / AP President Donald Trump has barred all refugees from entering the United States for four months, and indefinitely halted any from Syria, saying the ban is needed to keep out “radical terrorists.” The order immediately suspended a program that last year resettled in the US roughly 85,000 people displaced by war, political oppression, hunger and religious prejudice. ...
Read More »Global tourism to reach 1.5bn by 2020
Dubai / Emirates Business A surge in consumer demand for knowledge of food origin and source is now a key factor for successful sales and marketing in the global food industry, according to the latest research. A survey by Opinion Matters found that a food’s ‘origin’ is now second on a consumer’s list, behind only sell-by dates, when it ...
Read More »India’s mobile phone price war triggers consolidation
Bloomberg Executives atop India’s mobile-phone industry foresee a consolidation that could knock Bharti Airtel Ltd. out of first place in the $26 billion market. The catalyst: free calls and industry debt that has ratcheted up to more than double revenue. Billionaire Mukesh Ambani escalated a price war in September, vowing to reorder the market and luring tens of millions ...
Read More »Gold exports to China soar in run-up to Lunar New Year
Bloomberg Gold exports to China soared in the run-up to the start of the Lunar New Year, with volumes increasing in December from major suppliers Switzerland and Hong Kong. More gold was sent from Swiss refiners to the world’s top consumer than in any month since at least January 2014, according to data on the website of the Swiss ...
Read More »Biggest USA takeover in China in decade hangs on board spat
Bloomberg Air Products & Chemicals Inc. has hit a bump as it attempts the largest US takeover of a Chinese firm in more than a decade, stymied by an extended boardroom battle at Yingde Gases Group Co. A divided board of the Hong Kong-listed firm failed to agree on a panel needed to review the offer, but has asked ...
Read More »