April, 2018

• 28 April

  Winners of Sharjah sustainability award honoured

  Sharjah / WAM The Environment and Protected Areas Authority of Sharjah (EPAA), honoured the winners of the sixth edition of the Sharjah Sustainability Award (SSA), for Schools and Colleges. The honouring ceremony was attended by Marwan Ahmad Al Sawaleh, Under-Secretary of the Minister of Education for Academic Affairs; Hana Saif Al Suwaidi, Chairperson of EPAA; Prof. Dr. Rashad Salem, Vice ...

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• 28 April

  Business confidence in Dubai continues to rise, finds survey

  

  Dubai / WAM Economic conditions in Dubai during Q1 2018 have improved over Q1 and Q4, 2017, according to a business confidence survey conducted by the Department of Economic Development (DED), Dubai. The survey indicates that the Composite Business Confidence Index has improved by 5.5 points after registering 116.7 points in Q1 2018 as compared to 111.2 points during the ...

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• 28 April

  The logical next step for Europe’s integration

  

  For the past year, euro-zone leaders have vowed to take steps to complete Europe’s monetary union. The 19 countries share a single currency and a central bank, but they still lack all the necessary mechanisms to deal with major imbalances and shocks. While some members would like to have more fiscal transfers and a common safety net for the banks, ...

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• 28 April

  New Zealand’s bank should lose the hubris

  

  There are big changes at the Reserve Bank of New Zealand (RBNZ), most of which are welcome. The new governor should consider another break with the past: Drop the hubris. Adrian Orr, who took the central bank’s helm last month, is to explicitly aim for maximum employment as well as price stability. That’s a break from the previous regime that ...

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• 28 April

  China’s big bang is a squib

  The guests are starting to arrive, but the house isn’t quite ready for this party. That’s the way to view a slew of recent measures to open China’s $40 trillion financial industry to outsiders. This week, Beijing granted additional quotas for domestic funds to invest in overseas securities under the QDII plan, the first time it has done so in ...

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• 28 April

  Emerging-market investors have some memory issues

  If you’re ever looking for examples of hope triumphing over experience, look no further than the emerging-market economies. Even as the Federal Reserve tightens US monetary policy, both investors and policymakers in those economies seem to be in denial about the likely fallout, clinging to the hope that somehow the impact of this round of global liquidity tightening will be ...

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• 28 April

  Demand for second citizenship rises 73%

  

  Hassan Soukar Over the past few years there has been a remarkable surge in demand for second citizenships among high-net-worth expatriates living in the UAE. But the spike in interest for acquiring second passports has been all-time high in the first three months of 2018. The whole industry is coming of age. The second passports are not only seen just ...

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• 28 April

  Amazon delivers goods to GM, Volvo trunks in US

  

  Bloomberg Amazon.com Inc. has partnered with General Motors Co. and Volvo Cars to deliver packages to car trunks in 37 US cities, as the e-commerce giant seeks new delivery methods for customers who may be wary of leaving packages outside or allowing couriers into their homes. The app-based service, which lets car owners provide delivery agents with keyless access to ...

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• 28 April

  Alibaba gets its smart assistant into Chinese Mercedes, Audis

  

  Bloomberg Alibaba Group Holding Ltd. is getting its digital assistant into Mercedes-Benzes, Audis and Volvos in China, enlisting a clutch of global automakers in an effort to popularise the year-old technology for everything from shopping to home security. Daimler AG, Volkswagen AG and Zhejiang Geely Holding Group Co.’s Volvo join some 100 brands Alibaba says it’s partnered with. The Chinese ...

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• 28 April

  IBM’s blockchain tech to track jewels from mine to retail stores

  

  Bloomberg International Business Machines Corp., a group of four gold and diamond industry companies and an independent laboratory are developing a blockchain network for tracing the provenance of finished pieces of jewelry from mine to store. The TrustChain Initiative, which will run on IBM’s technology, includes precious-metals refiner Asahi Refining, US jewellery retailer Helzberg Diamonds, precious-metals supplier LeachGarner, jewellery-maker the ...

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