Dubai / Emirates Business Under the unlimited support of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and President of Hamdan Bin Mohammed Smart University (HBMSU), and the close follow up of the Board of Trustees, the university has received Pearson recognition in education. The achievement complements HBMSU’s leadership in driving innovation, creativity and ...

  Washington / AFP In 1890, the psychologist William James wrote that there was “no more miserable human being than one in whom nothing is habitual but indecision.” Indecision is certainly not the habit of Federal Reserve policy makers. But as a divided Fed gathers next week to consider interest rates, they may yet again revise positions that have repeatedly ...

  Bloomberg World Bank President Jim Yong Kim said continued uncertainty following the U.K.’s vote to leave the European Union could hurt global growth. “We actually thought the U.S. was solid, the euro zone seemed to be getting better, even Japan seemed to be doing a little bit better,” Kim told Bloomberg Television on Sunday on the sidelines of the ...

  Chengdu / AFP Britain could unleash a government stimulus package this autumn to counter the negative effects of its vote to leave the European Union, its finance minister said Sunday. “We have the option of a fiscal response, and we will do that on our normal timetable around the autumn statement,” Philip Hammond told reporters on the sidelines of ...

  Bloomberg Canada is keen to maintain a strong trade relationship with the U.K. after the country voted to leave the EU, Finance Minister Bill Morneau said. Morneau, speaking to reporters on a conference call after a meeting of Group of 20 officials in China, said he had a “positive discussion” with U.K. Chancellor of the Exchequer Philip Hammond on ...

  Bloomberg Hershey Trust Co., the $12 billion charity that controls the Hershey chocolate company, reached a tentative agreement with the Pennsylvania attorney general, a move that would reform the governance practices of the controversial organization. “We have reached an agreement in principle and are working on the final details in productive discussions with the office of the attorney general,” ...

  Brussels / AFP The EU should suspend structural funds to Spain and Portugal after they failed to rein in their debt, according to a letter from the European Commission seen by AFP on Saturday. Eurozone finance ministers agreed this month to impose unprecedented sanctions against Spain & Portugal for overstepping the bloc’s budget deficit limits. The penalties would be ...

  Bloomberg Bearish bets against Mobileye NV are receding after the maker of chips and software for driverless cars said it would team up with BMW AG and Intel Corp. to deliver fully-autonomous cars by 2021. Traders cut short interest on Mobileye, at one point the world’s most-shorted software stock, to 17 percent of shares outstanding last week, near the ...

  Istanbul / Bloomberg Turkey’s government is setting up an inner cabinet to oversee the implementation of the state of emergency it declared after last week’s botched coup, ramping up the effort to purge the influence of its accused mastermind from all walks of Turkish life. Prime Minister Binali Yildirim will chair the council composed of ministers including justice, interior, ...

  Kathmandu / AFP Nepal’s K.P. Sharma Oli resigned as prime minister on Sunday, minutes before facing a no-confidence motion in parliament he was certain to lose, plunging the impoverished nation into fresh turmoil. His political rivals, former Maoist rebels, called for the vote against Oli after they deserted his fragile ruling coalition, accusing him of reneging on past deals and ...