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Pound rises to one-month high as EU ‘remain’ camp gains momentum

  Bloomberg The pound rose to its strongest level in more than a month versus the dollar amid signs the “remain” camp is pulling ahead in the campaign over Britain’s membership of the European Union. Sterling touched a six-week high against the euro, after posting its longest winning streak in 10 months through Friday, as U.S. President Barack Obama backed ...

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Obama says he expects progress on Asia, Europe trade deals

  Bloomberg President Barack Obama said he expects the U.S. Congress to vote on a trade deal with Asia-Pacific nations after the primary season over, and that his administration will complete negotiations on a similar pact with the European Union by the end of his presidency. “When we’re in the heat of campaigns people are naturally going to worry more ...

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CHERNOBYL’S AFTERMATH

  Vienna / AFP Ukraine marks the 30th anniversary of the Chernobyl disaster today, when human error and flawed Soviet reactor technology led to the world’s worst nuclear accident. AFP looks at the steps taken since 1986 to improve nuclear safety around the world and — as Fukushima showed in 2011 — the challenges that remain. Only in the USSR? ...

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Yemen govt forces retake key port city from Qaeda

  Aden / AFP Yemeni troops have recaptured a key port city from Al-Qaeda militants who controlled it for a year, in what a Saudi-led coalition hailed on Monday as a major victory that saw more than 800 extremists killed. The assault on the southeastern city of Mukalla, home to some 200,000 people, was part of a wider counter-offensive against ...

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Obama: New US troops in Syria will be essential

  HANNOVER / AP President Barack Obama on Monday announced the deployment to Syria of an additional 250 US special operations forces to assist local troops who are trying to dislodge IS extremists, significantly broadening the American presence in the war-torn country. The move will bring the number of personnel to roughly 300, up from about 50 special operations forces ...

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ATM to open its doors in Dubai today

  DUBAI / WAM Arabian Travel Market (ATM) 2016, the region’s leading travel industry showcase, opens its doors on Monday for four days of business networking opportunities, insightful seminar sessions, leadership forums, and recognition of 12 months of industry achievement. Now in its 23rd year, the 2016 edition, which takes place at the Dubai International Convention & Exhibition Centre from ...

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VP issues law on Dubai financial markets

  Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Law No (4) of 2016 on the Dubai Economic Security Centre. The Centre aims to maintain Dubai’s position as a global financial and economic hub, ensure its financial stability and protect its investments ...

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Mashreq posts 4% rise in operating profit

  Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Sunday reported its financial results for the first quarter ending March 31. Mashreq’s CEO, AbdulAziz Al Ghurair, said: “Given the challenging market conditions, Mashreq has approached the 2016 fiscal year with a pragmatic outlook. We responded quickly to the early signs of the market ...

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Technology to boost employee-organisation relationship

  Sunaina Rana / Emirates Business Increasing role of social media sites in the domain of recruitments has been phenomenal. Considering the immense scope that the technology sector could open in the field of hiring, UAE-based organisations are putting much emphasis on refurbishing their online activities. While focussing on the role of technology in HR departments, delegates would primarily focus ...

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Beijing could electrify global rechargeable car market

  Beijing / AFP Electric cars have their highest-profile prophet in US-based entrepreneur Elon Musk and their widest adoption in Norway, but China’s vast auto market will decide their worldwide future, experts say. Top global brands will be fighting it out to electrify buyers at China’s premier car show opening on Monday in Beijing. The country is already the world’s ...

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