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May 29, 2016 Politics
New Delhi / AFP Police said on Sunday they arrested five Indians accused of assaulting Africans in New Delhi, after African diplomats urged the Indian government to ensure the safety of their nationals living in the country. A Delhi deputy police commissioner Ishwar Singh said altercations and scuffles took place on Thursday night after locals became offended by Africans playing ...
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May 29, 2016 Politics
Kiev / AP Seventeen people died when a makeshift home for elderly people outside the Ukrainian capital Kiev caught fire in the early hours of Sunday, the latest tragedy to shake the conflict-riven country. The fire tore through the two-storey shelter for the elderly which is in the village of Litochky, located some 50 kilometres (31 miles) north of ...
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May 29, 2016 Politics
Caracas / AFP Venezuelan officials and opposition foes have held separate secret meetings in the Dominican Republic with a group of ex-world leaders seeking a way out of political crisis, officials said, as an ex-military reserve leader was shot dead. Representatives of both sides of Venezuela’s political standoff met former Spanish prime minister Jose Luis Rodriguez Zapatero, former Dominican ...
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May 29, 2016 Politics
Vienna / AFP Austria’s far-right is probing “countless†cases of fraud in last week’s presidential election that saw its candidate lose by a narrow margin, the party chief was quoted as saying on Sunday. “We are going to get the countless indications (of irregularities) looked at by an independent, neutral body and then decide†whether to challenge the result, Freedom ...
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May 29, 2016 Opinion
INCIRLIK AIR BASE, Turkey Here’s a positive move by Turkey, a country that often seems to be heading in the wrong direction: Despite Ankara’s severe misgivings, it is allowing the US military to fly daily bombing missions from here against the IS — in support of a Syrian Kurdish militia called the YPG that Turkey regards as a terrorist threat. ...
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May 29, 2016 Opinion
The internet has undoubtedly revolutionized the way we live and think. Most importantly, it has transformed the communication and information technologies, ease of doing business, education and advanced them to an unprecedented level of excellence and performance. Having said this, the very instrumental tool that has been the powerful driver of global economic growth is now being used by ...
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May 29, 2016 Opinion
Sara Hsu SPECIAL TO EMIRATES BUSINESS Foxconn, the Taiwanese technology-assembly company infamous several years ago for its spate of worker suicides, has replaced more than half its Kunshan, China workforce with robots. While this reduces Foxconn’s labour costs and H-R headaches, it also pushes down employment for migrant workers, and does not bode well for ongoing changes in China’s ...
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May 29, 2016 Opinion
The just-published book “Concrete Economics,†by University of California-Berkeley professors Brad DeLong and Stephen S. Cohen, needs an expanded sequel — 900 pages long, with charts, data, theory and an exhaustive list of historical case studies. That book would become the Bible of the New Industrialist movement that is just beginning to grope its way out of the ashes ...
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May 29, 2016 Opinion
The Diplomat SPECIAL TO EMIRATES BUSINESS The Group of Seven’s (G7) failure to endorse coordinated action on global growth will do little to revive a faltering world economy. However, with progress on trade and tax the first such summit held in Asia for eight years may yet achieve more than the typical talkfest. On Friday, the G7 wrapped up ...
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May 29, 2016 Opinion
As China’s “go global†policy picks up steam, foreign governments have become increasingly skeptical about the intentions of Chinese state owned enterprises (SOEs) and their effects on the host nation’s economy. From slapping anti-dumping duties and tariffs on main Chinese products, to strong-arming Beijing’s leadership to implement tougher regulatory standards, China’s “peaceful rise†is increasingly being challenged by the ...
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