July, 2016

• 10 July

  US polls risk becoming Brexit vote II: Hollande

  

    Bloomberg French President Francois Hollande, who last month endorsed Hillary Clinton in the U.S. presidential race, said the November ballot threatens to play out along similar lines to the U.K.’s European Union referendum. Just as U.K. voters rejected calls from political leaders and institutions to stay in the EU, a similarly anti-establishment sentiment may be brewing in the U.S., ...

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• 10 July

  Corbyn defiant as party cracks, joining Tories in UK disarray

    Bloomberg Jeremy Corbyn said he’ll confront a challenge to his U.K. Labour Party leadership head on as the fallout from the referendum to leave the European Union sparks a splintering of his opposition group. Corbyn, 67, has been battered since the June 23 vote. Dozens of his front-bench team have quit, he lost a no-confidence vote by a 172-40 ...

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• 10 July

  US racial tensions flare-up as protesters arrested

  

    Dallas / AFP Police arrested scores of people in demonstrations overnight Saturday to Sunday in several US cities, as racial tensions simmer over the killing of black men by police. Protesters led by the Black Lives Matter movement are demanding justice for two African-American men shot dead by cops, their dying moments captured in video that went viral online. ...

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• 10 July

  How health care creates wage inequality

  

  WASHINGTON You can add health care to the causes of growing wage inequality in America. There’s a largely unknown paradox at work. Companies that try to provide roughly equal health insurance plans for their workers — as many do — end up making wage and salary inequality worse. A new economic study shows how this perverse bargain works. It’s simple ...

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• 10 July

  Brexit expediting Asian Century

    The Brexit that created a hullabaloo in Europe, could be seen a blessing in disguise for emerging economies in Asia, as it accelerates the arrival of an ‘Asian Century’, led by China and India. By 2050, Asia will account for over half the world’s GDP, almost double that of 2011, according to the Asian Development Bank, with three billion ...

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• 10 July

  Russia and Japan can’t solve the Kuril Islands dispute

    Sarah Lohschelder SPECIAL TO EMIRATES BUSINESS Recent events have brought focus to one of the less well-known island disputes in Asia. The Kremlin announced it will deploy military forces to the Kuril Islands, or as Japan calls the island chain, the Northern Territories. This announcement came only three weeks after a private meeting between Putin and Abe in Moscow ...

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• 10 July

  Today’s traders have lost their Midas touch

    Satyajit Das Today’s traders and portfolio managers — self-described Masters of the Universe — have hardly covered themselves in glory recently. Their surprise and initial panic at the Brexit result doesn’t say much for the extraordinary foresight, skill at managing risk and large pay packages many of them claim. Truth is, whatever successes they’ve notched till now probably owed ...

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• 10 July

  SMEs hit roadblocks

  

    Sunaina Rana / Emirates Business Small and medium enterprises (SMEs) are considered the backbone of UAE’s economy. Amid the crude slump, this sector has been contributing much towards the nation’s stability. However, at present, the SMEs are facing a number of challenges ahead to sustain themselves, in the wake of which a bankruptcy policy is being mulled by the ...

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• 10 July

  Europe a magnet for ME realtors

  

    RITIKA SHARMA / Emirates Business Europe has always been an investment hotspot among the regional real estate investors. It is not only an easily accessible destination but also offers variety when it comes to the perfect ‘return on investment’ (ROI) oriented properties. This trend has not only picked up in recent years, especially among UAE investors, in fact it ...

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• 10 July

  Luxury goods sector sees robust future ahead

  

    ALKESH SHARMA / Emirates Business Fluctuating oil prices and weakening sentiments of consumers are no deterrent for UAE’s luxury goods industry that is expected to register an exponential growth in the coming months. Driven by high-income population and increased footfall of tourists, luxury goods industry in the UAE is expected to witness an over 20 percent growth by 2017-end, ...

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