President Donald Trump, who has received unprecedented support from America’s gun lobby, seems determined to make it easier to export firearms and harder to keep track of whether they’re destined for terrorists or rogue regimes. He proposes to do this by shifting oversight of the export of semi-automatic and non-automatic firearms, as well as of various gun components and some ...

Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession strikes, what can the world’s central banks do? With interest rates low and their balance sheets still loaded with assets bought to fight the 2008 crisis, do they have the tools to respond? The Great Recession ...

As nearly a billion Indians are going to the polls this month and next, no one doubts jobs will be central to their vote. We just can’t agree on whether the employment picture is rosy or dark. While the government cites payroll data to claim significant job creation, the opposition holds up a leaked preliminary report that pegged unemployment in ...

BlackRock used to be able to skip over market mayhem. Now it seems as if the ground is shifting under it. The S&P 500 Index rose 13% in first quarter, a big snap back from 2018, when it was down 6%. BlackRock’s earnings did fall last year, but world’s largest asset-management firm was still able to produce a relatively impressive ...

It’s hard to find anyone who is, at least publicly, in favour of Deutsche Bank AG’s merger with Commerzbank AG. Even one adviser on the deal privately acknowledged what most observers suspect: putting together the two ailing German banks will only create a bigger lender with exactly the same problems. That’s not exactly an endorsement of what would be Europe’s ...

ABU DHABI / WAM In his capacity as Ruler of Abu Dhabi, President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued a law amending provisions of Law No. 19 of 2005 concerning real estate sector in Abu Dhabi. The new law stipulates amendments to Articles 3 and 4 of the ‘Real Property Law’. Article 3 (i) stipulates the ...

Abu Dhabi / WAM The International Monetary Fund (IMF) has forecast the UAE’s nominal gross domestic product (GDP) to grow 4.7 percent to AED 1.673 trillion ($460 billion) in 2019, compared to AED 1.589 trillion a year ago. The GDP growth is reflective of the economic diversification efforts made by the country, according to the Washington-based fund. Driven by remarkable ...

Bloomberg Emirates NBD PJSC posted a 15 percent increase in first-quarter profit as lending rose and margins improved at Dubai’s biggest bank. First-quarter profit rose to AED2.74 billion ($747 million) from AED2.39 billion, the bank said in a statement. The mean estimates of three analysts compiled by the lender was for a profit of AED2.5 billion. The rise in profit ...

Emirates Business Economic activity in the UAE is set to accelerate to 2.2% in 2019, up from an estimated 1.7% in 2018, according to ICAEW’s latest Economic Insight report. This will be buoyed by a pick-up in non-oil activity, rising public spending at the Federal and Emirate levels, higher investment ahead of the highly anticipated Expo 2020 and continued regional ...

Bloomberg Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering selling as much as 25 percent of its refinery business in a deal that could fetch at least $10 billion, people with knowledge of the matter said. Reliance is sounding out potential investors including state-owned Saudi Arabian Oil Co (Aramco) to gauge the interest, according to the people, who asked ...