Bloomberg Mario Draghi has six months left to prepare a retreat from ultra-loose monetary policy, and he has a ready-made roadmap on hand. The US Federal Reserve’s experience of halting quantitative easing, raising interest rates and starting to shrink its balance sheet provides both a blueprint and a cautionary tale for the European Central Bank president. It’s an easy example ...

HARVARD / WAM The International Conference on Humanitarian Crises, which was held at Harvard Club of Boston, has hailed the UAE’s pioneering role in humanitarian field. The participants praised HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, for her role ...

NEW YORK / WAM United Nations Secretary-General Antonio Guterres has called for an independent and transparent investigation into clashes at the Gaza fence between Palestinians participating in the ‘Great Return March’ and Israeli security forces which resulted in at least 15 deaths and a large number of injured. The UN chief’s call for a probe came as the Security Council ...

HONG KONG / Reuters China is taking its first steps towards paying for imported crude oil in yuan instead of the US dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally. Shifting just part of global oil trade into the yuan is potentially huge. Oil is the world’s ...

Bloomberg Fifty-five years after starting natural gas production from Europe’s biggest field, the Netherlands have signed its death warrant. Output from the Groningen deposit will be cut by two-thirds from the year starting October 2022 and halt by 2030 to ensure the safety of people in the province of the same name after earthquakes linked to extraction, Economy Minister Eric ...

Bloomberg Exxon Mobil Corp., Total SA and Lukoil PJSC are among international companies interested to win rights to develop 11 oil and gas border fields as OPEC’s number two producer continues to build production capacity. Iraq plans to hold a bidding round on April 15 and award service contracts the same day for companies to develop 11 onshore and offshore ...

Bloomberg An upbeat shale patch, much to OPEC’s dismay, is hiring and ready to drill for more oil as producers are comfortably making a profit. But you have to be big if you’re competing in America’s prime spots. The vast majority of explorers surveyed for a Federal Reserve Bank of Dallas report said they could profitably drill a new well ...

Emirates Business Apple updated its most popular iPad with support for Apple Pencil plus even greater performance, starting at 1349 AED. The new 9.7-inch iPad and Apple Pencil give users the ability to be even more creative and productive, from sketching ideas and jotting down handwritten notes to marking up screenshots. The new iPad is more versatile and capable than ...

Bloomberg As Xiaomi Corp. heads toward a potentially huge initial public offering, the Chinese startup has announced a new flagship smartphone aimed squarely at the high-end users that flock to Apple and Samsung devices. The $500 Mi MIX 2S was unveiled in Shanghai by co-founder Lei Jun. Success for the new phone, which goes on sale in China on April ...

Bloomberg Alphabet Inc.’s Google is getting into self-driving cars in a new way. Gradient Ventures, an early-stage venture fund within Google, is leading a $6 million investment in a new company that’s building software to let humans control cars remotely. Scotty Labs, a nine-person startup, works on “teleoperations,” an emerging slice of the autonomous vehicle business that may grow more ...