Bloomberg Kevin Turner, who joined Citadel Securities as chief executive officer after a career that led from Wal-Mart cashier to the top-paying job at Microsoft Corp., is leaving the market-making firm just months after he was hired. Peng Zhao, previously global head of market making, replaced Turner as CEO, said company spokesman Zia Ahmed. When it was announced in ...

  Dubai / Emirates Business Today we live in a world where we can complete our most routine, yet often time consuming tasks, be it doing the laundry, booking transportation, scheduling a delivery, or merely ordering food, with the touch of a button. And in a market where there is a distinct appreciation for convenience, this is proving to be ...

  Dubai /Emirates Business Etihad ESCO, the leading energy management services provider established by DEWA, has submitted a tender for the largest rooftop solar PV project in the region. Etihad ESCO will design and install the most comprehensive energy efficiency solutions and rooftop solar PV panels for a total of 640 villas in Hatta. The housing projects are developed under ...

  Abu Dhabi / Emirates Business The ‘UAE Summit of Marine and Maritime Leaders’ and the ‘Abu Dhabi Maritime Youth Summit for Empowering Emirati Youth Leaders in Maritime Domain’ have successfully concluded in Abu Dhabi. They were held under the patronage of HE Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of the Federal Transport ...

  Dubai / Emirates Business Al Fajer Emergency Medical Services, the UAE’s first non-hospital training centre for medical professionals accredited by the American Heart Association, signed a MoU with Australia-based Fink Engineering, the global leader in Hyperbaric chambers. This key partnership has been announced at the first participation of Al Fajer EMS at the Arab Health Congress 2017, reputed for ...

  Abu Dhabi / Emirates Business The UAE Space Agency will exhibit a range of cutting edge innovations and state of the art technology at the Global Space Congress – the region’s premier space event, which runs at The St. Regis Saadiyat Island Abu Dhabi on January 31 and February 1. The stand will include a 3D printing station which ...

  Bloomberg Germany is cursed by its own economic strength. For eight years, the nation of 83 million people has been the euro area’s growth driver. Now it’s at the forefront of the currency bloc’s reflation, with price increases potentially exceeding 2 percent, and dissatisfaction with the European Central Bank has morphed into outrage. Critics and media are slamming the ...

  Bloomberg A European proposal for a tax on financial transactions is trapped in limbo: financial realities won’t let it come to life while political opportunism is preventing a quick death. The tax initiative is being kept alive largely for domestic political reasons as German Chancellor Angela Merkel bids for a fourth term and France prepares for presidential elections this ...

  CHICAGO / AP Shoppers in Chicago will soon have to pay a checkout tax of 7 cents per bag at all retailers in the city unless they bring their own bags to stores. The tax, which starts Wednesday, is the city’s latest attempt to cut down on the use of disposable bags, which are usually given for free at ...

  Bloomberg It’s a good time to be Elon Musk. Shares of the billionaire’s Tesla Motors Inc. have surged 40 percent since December 1, putting the stock within reach of a 52-week high. The acquisition of SolarCity is complete. Musk’s sprawling Gigafactory is now producing battery cells. And the clean-energy evangelist has the ear of a surprising fellow in Washington: ...