May, 2016

• 8 May

  73 killed in Afghan road crash inferno

  

    Ghazni / AFP At least 73 people were killed on Sunday when two buses and an oil tanker burst into flames in a head-on collision in eastern Afghanistan, health officials said, in one of the worst road accidents in the war-battered nation. Many of the dead, including women and children, were burned beyond recognition and dozens of others were ...

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• 8 May

  Militants kill 8 Egyptian police in Cairo suburb

    CAIRO / AP Militants opened fire on a microbus filled with plainclothes police in a Cairo suburb early Sunday, killing eight of them, including an officer, in an attack claimed by a local IS affiliate. The attack was the deadliest in the heavily policed capital since November, when gunmen attacked a security checkpoint, killing four policemen. That attack was ...

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• 8 May

  3 Spanish journalists return home after Syria kidnapping ordeal

  

    Madrid / AFP Three Spanish freelance journalists who were kidnapped in Syria nearly 10 months ago returned to Spain on Sunday to be reunited with their families. The trio, all experienced conflict zone reporters, arrived at the Torrejon air base near Madrid on a flight from Turkey, the government said in a statement. Antonio Pampliega, Jose Manuel Lopez and ...

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• 8 May

  Who will follow Trump off the cliff?

  

  Donald Trump: “We’ve got to get rid of the $19 trillion in debt.” Washington Post: “How long would that take?” Trump: “I would say over a period of eight years.” – March 31 Fortune: “You’ve said you plan to pay off the country’s debt in 10 years. How’s that possible?” Trump: “No, I didn’t say 10 years.” – April 19 ...

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• 8 May

  Eurozone must give Greece another chance

    With mounting pressure from Euro creditors, International Monetary Fund (IMF) and Greek trade union, the Greek parliament voted on a controversial tax and pensions overhaul on Sunday amid protests against the unpopular reforms in Greece. Leftist Prime Minister Alexis Tsipras, whose grass-root supporters object to the reforms, pragmatically backs the package of painful measures demanded by the terms of ...

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• 8 May

  The finance industry is no longer where the jobs are

    Justin Fox In the spring and summer of 2007, as the first tremors of the coming financial earthquake were making themselves felt, just under 8.4 million people were working in the U.S. financial sector. This April, according to today’s employment report, that number was 8.25 million. That’s not much of a decline. Viewed in the context of the decades-long ...

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• 8 May

  Vietnam positioning to impress ahead of Obama’s visit

    A widely anticipated trip by U.S. President Barack Obama to Vietnam later this month has raised expectations to unprecedented levels among the boffins in the politburo. Relations between the old Cold War foes have never been better, and that should be a concern to China. Ties struck a friendly peak last July when Vietnam’s Communist Party General Secretary Nguyen ...

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• 8 May

  Saudi shakeup helps end gulf stocks’ worst streak in 2 mths

  

    BLOOMBERG Saudi Arabian stocks advanced as investors judged the government shakeup that ushered in a new central banker and oil minister would help the kingdom reduce its dependence on crude. Gulf stocks ended their longest losing streak in almost two months. The Tadawul All Share Index rose as much as 1.2 percent before closing 0.2 percent higher at 6,672.48 ...

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• 8 May

  Emirates Securities Market up by 0.31 percent

  

    ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.32% to close at 4483.18 points. Accordingly the Market Capitalization has gained AED 2.29 billion attaining AED 727.23 billion. A total of 235.9 Million Shares were traded with a total value of AED 320.01 million during the trading session of 08-05-2016 through 4052 transactions. The number of companies ...

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• 8 May

  Robots: The next big thing in aviation

  

    ALKESH SHARMA / Emirates Business After beacons and self-automated kiosks, robotics is the next innovative kid on the block that is all set to bombard the world of smart airports in the coming months. Aviation experts maintain that an investment of upto $5 billion is expected to be made in the sector of aviation robotics in next three years. ...

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