Bloomberg All three of the remaining Republican presidential candidates said at a CNN Town Hall in Milwaukee that they no longer feel beholden to the “loyalty pledge” they signed in September not to run as a third party candidate and to support the party’s presidential nominee. When asked point blank if he would pledge his support to the nominee, Trump ...

Republican peculiarities in this political season are so numerous and lurid that insufficient attention is being paid to this: The probable Democratic nominee’s principal credential, her service as secretary of state, is undermined by a debacle of remarkable dishonesty. Hillary Clinton’s supposedly supreme presidential qualification is not her public prominence, which is derivative from her marriage, or her unremarkable tenure ...

Southern Africa is reeling under an unprecedented dry spell. The region’s worst drought in over three decades has unleashed a severe hunger crisis. It is also taking a huge toll on economy. Ethiopia will miss the targeted economic growth due to the agriculture mayhem, caused by the El Nino weather phenomenon. Food imports are stuck in port logjams and the ...

Catherine Putz SPECIAL TO EMIRATES BUSINESS Afghan refugees have returned to the headlines as European countries pursue avenues to send many of those waiting for asylum back to Afghanistan. A larger number reside in Pakistan and Iran, where they are stuck in the limbo of refugee camps. Meanwhile, many of those who have already returned remain in a difficult situation, ...

Markets had a predictable immediate reaction to comments by Federal Reserve Chair Janet Yellen on Tuesday that they interpreted as relatively dovish signals about the thinking of the world’s most important central bank. Within minutes of her remarks, risk assets rose, government bond yields fell, the dollar weakened and the VIX declined. Sustaining this trend will require two policy signals, ...

On March 24, Singapore unveiled an expansionary fiscal budget as part of the city-state’s ongoing drive to increase productivity, cope with economic headwinds, and ready itself for future disruptive technologies such as robotics and information and communications technology (ICT). A sizable part of the budget is also aimed at building a “caring and resilient society.” In other words, there is ...

Michael R. Bloomberg / Joe Biden One of the most frightening words a patient can hear from a doctor is “cancer.” We know it from the experience of our families and friends, and the millions of Americans who hear it directly from their doctors each year. In President Barack Obama’s final State of the Union address, he compared the effort ...

Inequality is, without a doubt, the hot topic in econ circles these days. Economics conference seminars on the subject are standing-room-only. Columns and blog posts about inequality are widely read and discussed, and Thomas Piketty’s book was a bestseller. But the question of how best to measure the phenomenon continues to be a contentious topic of debate. The most common ...

BLOOMBERG Stocks jumped around the world after Federal Reserve Chair Janet Yellen reasserted the central bank’s gradual approach to raising interest rates. Commodities climbed as the dollar extended its worst month in more than five years. Yellen’s signal that weakening world growth calls for a slow approach to tightening policy ignited gains for shares from Shanghai to Frankfurt after U.S. ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 1.30% to close at 4482.71 points. Accordingly the Market Capitalization has gained AED 9.31 billion attaining AED 727.15 billion. A total of 0.54 Billion Shares were traded with a total value of AED 0.74 billion during the trading session of 2016-03-30 through 6705 transactions. The number of companies which ...