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Trump, Clinton aim for sweeps of Northeastern primaries

  PHILADELPHIA / AP Donald Trump is aiming for a sweep of all five Northeastern states holding primaries on Tuesday, including Pennsylvania, leaving his rivals pinning their hopes of stopping the Republican front-runner on a fragile coordination strategy in the next rounds of voting. For Democratic leader Hillary Clinton, wins in most of Tuesday’s contests would leave little doubt that ...

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France wins $39bn Australia subs deal as Japan snubbed

  Bloomberg Australia snubbed a bid from Japan to award one of the world’s biggest defense deals to France’s DCNS Group, opting for a contract that will generate jobs in Australia and minimize a backlash from its major trading partner China. The French offer for the A$50 billion ($39 billion) contract to build 12 submarines trumped those by Japan’s Mitsubishi ...

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Bond market ramps up inflation view while Fed Reserve stays put

  Bloomberg Bond traders are signaling that even inflation expectations at 2016 highs won’t be enough to push the Federal Reserve to raise interest rates this week. Futures show the central bank will hold its benchmark unchanged when it meets on Tuesday and Wednesday as policy makers incorporate international events into monetary-policy decisions. The meeting will give policy makers a ...

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Brazil Real gains on impeachment momentum as Ibovespa weakens

  Bloomberg Brazil’s Real advanced on speculation that President Dilma Rousseff will be impeached and as the central bank refrained from moving to weaken the currency. Stocks dropped as a decline in oil and iron-ore prices dimmed the outlook for Brazilian producers. The currency strengthened 0.2 percent to 3.5582 per dollar, extending its gain this year to 11 percent, the ...

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Arabian Travel Market opens

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Monday inaugurated the Arabian Travel Market (ATM). Over 2,800 exhibiting companies and more than 100 new exhibitors will make their debut at ATM this year. During the visit, Sheikh Hamdan tours Emirates’ stand on the first ...

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Dubai to get driverless vehicles by 2030

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched on Monday the Dubai Autonomous Transportation Strategy, which aims to transform 25% of the total transportation in Dubai to autonomous mode by 2030, saving AED 22 billion in annual economic costs. He said, “Dubai is ...

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Digital fluency can close gender gap

  Sunaina Rana / Emirates Business To identify and better understand the role of digital fluency in workforce gender equality, a new report from Accenture stated the influence of digitalisation in the workplace and the increasing trend of women embracing the use of technology to become more knowledgeable, connected and effective, plays a key role in helping women achieve gender ...

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Global carmakers see rising competition at China show

Beijing / AFP Global carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world’s biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention. The flamboyant show, which alternates between the capital and commercial hub Shanghai, came after auto sales in China grew just ...

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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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