Sunaina Rana EMIRATES BUSINESS The digital world has become the front runner in all the sectors worldwide. We notice that no longer can anyone be ignorant or unwilling to accept the advancement of technology. It has been witnessed that every department of an organisation requires digitalisation for their day-to-day operations. Though Human Resource plays a significant role in managing …
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Supplying standard scaffolding and formwork solutions
Our Correspondent EMIRATES BUSINESS Acrow Misr has been designing, developing, manufacturing and installing of formwork, falsework, scaffolding and steel structure Gulf Company is one of the leading companies in the manufacturing, design and rental formwork, and scaffolding in United Arab Emirates. For over 30 years, Acrow Misr has been designing, developing, manufacturing and installing of formwork, falsework, scaffolding and …
Read More »Russia may sell $11bn stake in Rosneft to China, India
Moscow / Bloomberg Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years. Russia is seeking buyers for 19.5 percent of state oil champion Rosneft OJSC and would prefer a joint deal with the two nations …
Read More »Japan returns to trade deficit
Tokyo / AFP Japan fell into a trade deficit in May, the first since January, the finance ministry said on Monday, as renewed yen strength pressured exports. Japanese exports fell for all major regions, including the nation’s biggest trading partner China, as concerns linger over a slowdown in the largest Asian economy as well as other emerging markets. The …
Read More »Thailand to offer more tax perks for foreign experts
Bangkok / Tribune News Service The Revenue Department is poised to offer a personal income tax exemption of 10-15 years to foreign experts as part of its relentless effort to draw inbound direct investment to jump-start private investment. The tax waiver would be offered to experts in specific fields that can help strengthen the country’s competitiveness. It is not …
Read More »Tesla prepares for South Korea debut in challenge to Hyundai
Seoul / Bloomberg Tesla Motor Inc. is preparing for its debut in South Korea as the US electric-car maker looks to challenge Hyundai Motor Co. at home. The maker of Model S sedans listed on its website four new positions for sales and engineering in South Korea and one recruiter for the country, who’ll be based in Japan. Tesla …
Read More »Toyota’s American robotics boss promises results within 5 years
TOKYO / AP The US robotics expert tapped to head Toyota’s Silicon Valley research company says the $1 billion investment by the giant Japanese automaker will start showing results within five years. Gill Pratt told reporters that the Toyota Research Institute is also looking ahead into the distant future when there will be cars that anyone, including children and …
Read More »Senate to vote on gun control, prospects for change bleak
WASHINGTON / AP Democrats get their long-sought votes on gun control a week after the massacre in Orlando, Florida, but election-year politics and the powerful National Rifle Association (NRA) dim any prospects for changes in the nation’s laws. The Senate was to vote on Monday night on four measures — two sponsored by Republicans, two by Democrats. All are …
Read More »Austrian court hears far-right election challenge
Vienna / AFP Austria’s highest court began a public hearing on Monday on a legal challenge to May’s presidential election brought by the far-right Freedom Party (FPOe), whose candidate only narrowly lost. The Constitutional Court’s open session was due to last four days and hear 90 witnesses. It aims to rule before the scheduled swearing-in of the election winner, Alexander …
Read More »Belgium remains on high alert after weekend arrests
BRUSSELS /Â AP Brussels remains on high alert with increased security after a weekend sweep which left three in jail facing terrorism charges. The MIVB metro system says a half dozen subway stations have reduced entry on request from authorities but all subway lines were running during the morning rush hour on Monday. On Saturday, authorities charged three men with …
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