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Serb president delays Kosovo deadline to give a better shot

Bloomberg Serbian President Aleksandar Vucic said a deal with Kosovo, the biggest hurdle to his country joining the European Union, isn’t imminent as both sides remain far apart, forcing him to delay his goal to unveil the proposal within weeks. Vucic said more time was needed to get world powers — including the EU and the US — to pressure ...

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Trump’s travel ban reaches high court amid claims of Muslim bias

Bloomberg The US Supreme Court will directly confront President Donald Trump’s travel ban for the first time with arguments being made in a case that could redefine the president’s power to control the nation’s borders. Four months after letting the ban take full effect during the litigation, the justices were expected to weigh opponents’ contentions that the policy unconstitutionally singles ...

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Stocks turn mixed as optimism ‘hijacked’ by rates; dollar rises

Bloomberg US stocks pared losses as investors mulled the impact of rising US bond yields and disappointing earnings. The dollar resumed its rally, climbing to the highest in three months. “The sharp sell-off in rates has hijacked market sentiment,” Mark McCormick, the North American head of foreign-exchange strategy at Toronto-Dominion Bank, wrote in a note to clients. “The 3% level ...

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Metal markets regain strength as aluminum supply becomes steady

Bloomberg After three weeks of intense volatility, metal markets seem to be calming down. Aluminum steadied after a four-day selloff that accelerated after the US decision to ease sanctions against United Co. Rusal. Nickel advanced as the Philippines moved forward with a plan to limit the area of land miners are permitted to exploit. Most other metals were little changed. ...

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Dubai records 4.7mn international overnight visitors in Q1

DUBAI / WAM Dubai’s tourism sector rallied strongly, steadily picking up pace through the first three months of 2018 in light of growing currency pressures as it continued to retain and grow share across global markets. Welcoming 4.7 million international overnight tourists from January-March 2018, the emirate posted a stable 2 percent increase in traffic versus the same period last ...

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Macron’s pitch to Trump on ‘new’ Iran N-deal surprises EU allies

Bloomberg French President Emmanuel Macron is pushing the limits of international diplomacy, as his last-ditch appeal to salvage the Iran nuclear deal wrong-footed European allies and was met with intransigence by US President Donald Trump. Macron, who has sought to cultivate a personal bond with Trump, made his Iran pitch the centerpiece of his visit to the White House. If ...

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UAE calls for action against countries that support, finance terror

New York / WAM The UAE has urged United Nations’ agencies and Member States to take collective action to identify countries that support and finance terrorism and hold them accountable. This call was made at the UN High-Level Meeting on Peacebuilding and Sustainable Peace by Zaki Nusseibeh, Minister of State and Head of the UAE delegation to the meeting. “An ...

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Workshop on blockchain tech, cryptocurrencies held

Dubai / WAM The Dubai Business Women Council (DBWC) in cooperation with the American University in Dubai, has organised a workshop at the Dubai Chamber of Commerce and Industry on blockchain technology and cryptocurrencies. The workshop is part of the council’s efforts to enhance the knowledge of its members on the latest topics and issues related to business and entrepreneurship. ...

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UAE, Kenya sign MoU on domestic employment

Dubai / WAM The UAE and Kenya have signed a Memorandum of Understanding (MoU), which aims to promote cooperation in the area of domestic employment. The MoU, which is complemented by a cooperation agreement on domestic workers, was signed by Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, and Ukur Yatani Kanacho, Minister of Labour and Social ...

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