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Britons in France lose sangfroid as ‘Le Brexit’ fear looms large

  Bloomberg For Britons in France, the upper lip is stiff no more. Louise Garavaglia, who has lived in France for more than two decades, is rushing to apply for a French passport before the June 23 “Brexit” referendum in the U.K. and has no time for “wait and see.” For his part, Paris-based financial consultant Paul Johnson-Ferguson is getting ...

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Signs of recession flash in US jobs data

  Bloomberg As the economy again started off the year on a sour note, the glass-half-full crowd pointed to the strength of the U.S. jobs market as a reason not to worry. As long as payrolls are racking up monthly gains of 200,000 or more, the economy remains in fine fettle, or so the optimists would have it. Take a ...

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Clinton, Donald Trump tipped to win as New York goes to poll

  New York / AFP New York began voting on Tuesday in a high-stakes presidential primary tipped to hand Hillary Clinton and Donald Trump victories in the race to clinch the Democratic and Republican tickets to the White House. The former secretary of state, first lady and New York senator leads the polls by double digits over her Brooklyn-born challenger, ...

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Steep gap in banking technology calls for an immediate bridge: Experts

  Ritika Sharma / EMIRATES BUSINESS The breathtaking pace with which technology is changing the world is way too fast compared with the speed with which banks are embracing technology. As customers become more and more smartphone-dependent, banks should look for ways to collaborate with IT companies to understand and stay up-to-date with the latest changes in digital world. Retail ...

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China starts gold fixing to grow global market sway

  Beijing / Bloomberg China, the world’s biggest producer and consumer of gold, started a twice-daily price fixing on Tuesday in an attempt to establish a regional benchmark and bolster its influence in the global market. The Shanghai Gold Exchange set the price at 256.92 yuan a gram ($1,233.85 an ounce) at the 10:30 a.m. session after members of the ...

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30 dead, hundreds wounded as truck bomb rattles Kabul

  Kabul / AFP At least 30 people were killed and hundreds wounded when a Taliban truck bomb tore through central Kabul on Tuesday, triggering a fierce firefight, a week after the insurgents launched their annual spring offensive. The Taliban claimed responsibility for the attack in a densely crowded neighbourhood, which sent clouds of acrid smoke billowing into the sky ...

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UAE, Ethiopia to increase trade volume

  Abu Dhabi / WAM Dr. Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC), received Abdul Qader Rasqwa, Ethiopian Ambassador to the UAE, at the FNC headquarters. Rasqwa congratulated Dr. Al Qubaisi on her election to chair the FNC as the first woman to head an Arab parliamentary institution in the Middle East and at the Arab level. ...

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UAE, USA to boost defence, military cooperation

  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 the visiting Commander of United States (US) Central Command Joseph Votel, at Al Shati Palace. Sheikh Mohamed welcomed Votel and discussed with him friendship and co-operation between the UAE and ...

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World’s largest stand-alone Audi service center opens in Dubai

  Dubai / Emirates Business The world’s largest stand-alone Audi service center has been inaugurated in a VIP ceremony to commemorate the launch of a new standard bearer in car servicing and customer care. Al Nabooda Automobiles, the sole distributor of Audi in Dubai and the Northern Emirates hosted a VIP collection of government officials, dignitaries and loyal customers at ...

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Masdar puts sustainability research in spotlight

  ABU DHABI / WAM The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, inspired youth and visitors with innovation highlights and an exciting quiz competition during its participation at Think Science 2016. Organized under the patronage of His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign ...

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