March, 2016

• 15 March

  Being adaptive helps you fight crisis

  

  Ritika Sharma / Emirates Business Being adaptive, working in unison and devising innovative strategies can play a key role in fighting crisis situations that result from extremism or terrorism activities, global experts suggested. Accepting that emergency circumstances cannot be predicted exactly beforehand, industry leaders urged that there is a need to look beyond conventional measures to cope up with such ...

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• 15 March

  Museum of the Future Foundation holds global blockchain meeting

  

  Dubai / Emirates Business Dubai Museum of the Future Foundation organized the second meeting of its Global Blockchain Council to discuss a number of initiatives that will be taken up this year as part of the innovative platform. The Council was launched last month as part of the Dubai Museum of the Future Foundation’s efforts to adopt the latest technologies ...

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• 15 March

  MBRF to host Nobel Prizes Series 2016

  DUBAI / Emirates Business Mohammed Bin Rashid Al Maktoum Foundation (MBRF) – a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives – has announced that it will host the ‘Nobel Prizes Series Dubai 2016’ on March 20 and 21, at Al Maha Ballroom in Hyatt Regency Dubai Creek Heights Hotel. The event will be held under the patronage ...

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• 15 March

  Addressing security challenges in smart cities

  

  Sunaina Rana / Emirates Business The past few years have witnessed a steady growth of smart cities in the region, with UAE initiatives like Dubai Plan 2021 and Dubai Smart City program by 2017 topping the list. As they create new opportunities for businesses, the need for potential security against data breaches underlines the importance of technological advancements too. According ...

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• 15 March

  Is Abenomics going global?

  

  Japan and its two decades of economic stagnation seem as if they’re about to have company. The International Monetary Fund and OECD both seem prepared to lower their global growth forecasts for the coming year because of what they see as a continuing slowdown in the global economy. Foreign Affairs even devoted its most recent issue to surviving a slow-growth ...

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• 15 March

  ‘Regime change’ alone won’t cure what ails Brazil

  

  The simplest reading of the protests that swept Brazil on Sunday is that Latin America’s largest nation is clamoring for regime change. The 3 million or more people who filled the streets and parks of Rio de Janeiro, Sao Paulo and dozens of other Brazilian cities turned out to say they’re fed up with the relentless corruption scandal that has ...

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• 15 March

  BoJ chief defends negative rate move as economy sinks

  

  TOKYO / AFP Japan’s central bank chief on Tuesday defended a negative interest rate policy slammed as a desperate bid to keep alive efforts at resuscitating the world’s number three economy. Haruhiko Kuroda’s comments came after the Bank of Japan held off unleashing more stimulus following a two-day meeting, as it gauges the impact of its unprecedented move into sub-zero rates. ...

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• 15 March

  Africa’s biggest bank plans job cuts as customers go digital

  

  BLOOMBERG FirstRand Ltd. plans to close branches and cut jobs at its South African retail-lending unit as customers switch to digital banking and the continent’s biggest lender by market value responds to an economy on the brink of a recession. Almost 600 positions will be lost at First National Bank, while more than 500 people at the Johannesburg-based company may ...

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• 15 March

  Emerging currencies weaken on Fed rate bets as oil batters ruble

  

  BLOOMBERG Emerging-market currencies weakened for a second day and stocks fell from a 2016 high as sliding oil prices weighed on assets of commodity exporters and growing wagers the Federal Reserve will raise interest rates as soon as the next quarter damped demand for risk. The South African rand and Russia’s ruble depreciated at least 1.7 percent, leading declines among ...

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• 15 March

  SNB to keep intervention threat alive, rates on hold

  

  BERN / Bloomberg The Swiss National Bank (SNB) will probably stay on hold at its monetary policy meeting on March 17 as banks in the country are already facing pressure from negative interest rates, economists and strategists say in notes to clients. The fact that the euro remained broadly stable against Swiss franc after the European Central Bank (ECB) meeting ...

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