Beirut / AFP Washington and Moscow scrambled to salvage Syria’s shaky ceasefire on Tuesday as the country reeled from extremist bombings that killed more than 160 people in President Bashar Al Assad’s coastal heartland. A regime offensive outside the capital has severely strained an already fragile nationwide ceasefire between the regime and non-jihadist rebels intended to pave the way ...
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Obama’s Hiroshima visit to steal G7 talks thunder
Tokyo/ AFP The lacklustre global economy should take centre stage as world leaders gather in Japan this week, but with no agreement likely on igniting growth, Barack Obama’s visit to the atomic-bombed city of Hiroshima looks set to capture the limelight. A gathering Chinese slowdown, weak oil prices and the looming threat of Britain’s exit from the European Union ...
Read More »Obama to Vietnam: Embrace human rights
Hanoi / AFP US President Barack Obama told communist Vietnam on Tuesday that basic human rights would not jeopardise its stability, in an impassioned appeal for the one-party state to abandon authoritarianism. In a sweeping speech, which harked back to the bloody war that defined both nations but also looked to the future, Obama said that “upholding rights is ...
Read More »Strategic planning key to corporate resilience
ALKESH SHARMA / Emirates Business Middle East corporate sector needs to overhaul its in-house strategic planning activities and adopt the best practices to float smoothly even during crisis situation. Moreover, a stout strategic planning in place could capably address the recurring resilience concerns among the enterprises. Survey reports say that over 73 percent of the Middle East enterprises put ...
Read More »Brexit fears take toll on German investors’ confidence
Frankfurt / AFP Investor confidence in Germany fell unexpectedly in May as uncertainty over a possible exit by Britain from the European Union overshadowed strong growth data, a leading survey showed on Tuesday. While official data earlier showed that Europe’s biggest economy grew by 0.7 percent in the first three months —double the growth rate of the preceding quarter — ...
Read More »â€˜Leave EU’ would raise vacation costs for Britons: PM Cameron
Bloomberg Britons risk pushing up the cost of their vacations if they vote to leave the European Union, Prime Minister David Cameron said in his third warning in three days on how a so-called Brexit would hurt ordinary people in their pockets. An average eight-night, four-person trip to an EU destination would cost an extra 230 pounds ($330), based ...
Read More »LatAm’s Wall Street veterans draw bond funds
Bloomberg Latin America’s post-populist shift is persuading the world’s biggest emerging-market bond investors to put more money in the region, and there are signs that eastern Europe is paying the price. Franklin Templeton’s $51 billion Global Bond fund nearly doubled holdings in Brazil, Mexico and Colombia to more than 30 percent in the six months to March 31, according ...
Read More »DEWA to tender 3D-printed R&D labs at Solar Park
Dubai /Â WAM The Dubai Electricity and Water Authority (DEWA) released an Expression of Interest (EOI) for the construction of 3D-printed Laboratories, to conduct research on drones and 3D-printing technologies, at the Mohammed Bin Rashid Al Maktoum Solar Park, the largest single-site project in the world. The Solar Park will generate 1,000 megawatts (MW) by 2020 and 5,000MW by 2030. ...
Read More »Mohammed opens ‘Office of the Future’
DUBAI / WAM His Highness Sheikh Mohammed opened the ‘Office of the Future’, the first 3D-printed office in the world. The office space covers up to 250 square metres, while the exterior design reflects the most innovative forms of future work place. The design has been conceived to achieve a shift from the traditional form of work environments and ...
Read More »Obama lifts Vietnam arms ban to blunt China’s Asia influence
HANOI / AP US President Barack Obama on Monday lifted a half-century-old ban on selling arms to Vietnam, looking to bolster a government seen as a crucial, though flawed partner in a region that he has tried to place at the center of his foreign policy legacy. Obama announced the full removal of the embargo at a news conference ...
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