June, 2016

• 21 June

  British farmers crave for freedom but fear the cost of EU exit

  

    CAPEL-LE-FERNE, England / AP Rob Warnock is a proud British farmer and the son of a proud British farmer, and he hopes his son will follow in his footsteps one day. He’s also a European Union farmer, but that is not a legacy Warnock wants to pass on to his 6-year-old son. Warnock plans to vote this week for Britain ...

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• 21 June

  EU cash fails to win in UK’s Cornwall

    Newlyn, United Kingdom / AFP The EU has lavished more money on people in Cornwall than any other part of England, but that has not bought it popularity — and many in this remote southwestern peninsula will back Brexit in Thursday’s vote. In the harbour at Cornwall’s biggest port, Newlyn, fishing boats fly “Vote Leave” flags from their rigging, while ...

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• 21 June

  French CEOs urge voters to back Remain

    London / Bloomberg The leaders of some of France’s top companies urged their British neighbors to stick with the EU to safeguard jobs and investment, less than 48 hours before polls open for the Brexit referendum. In a joint letter published in English on Tuesday, 34 corporations including 16 listed on France’s benchmark stock index, called on the U.K. ...

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• 21 June

  Stocks gain with pound as dollar falls before Yellen’s testimony

  

    BLOOMBERG Investors took a positive cue from the latest polls on Britain’s referendum over European Union membership, with global stocks advancing and the pound rising to the highest level since before the vote date was set. The dollar weakened before Federal Reserve Chair Janet Yellen speaks on monetary policy. Sterling strengthened for a third day even as separate opinion ...

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• 21 June

  India wheat imports seen surging to decade high on shortage

  

    Bloomberg India may import the most wheat in a decade as output declines in the world’s second-biggest producer. Imports may total 5 million metric tons in 2016-17, the most since 2006-07, according to the median estimate of seven traders surveyed by Bloomberg. Production is set to decline 1.8 percent to 85 million metric tons in the year through June ...

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• 21 June

  Job-starved Brazil seeks gold amid rubble of a mine tragedy

  

    Bloomberg In the red-dirt hills of Minas Gerais, a part of Brazil named for the mines that provided livelihoods for generations, the country’s worst-ever environmental disaster has unearthed a new opportunity for locals stung by recession and job losses — panning for gold. Wildcat mining is on the rise in communities devastated by the collapse of a dam that ...

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• 21 June

  Offering high quality system intergration

  

    Our Correspondent EMIRATES BUSINESS Over the past three decades, Dubai-based STME, the Middle East’s leading IT solutions provider and systems integrator, has been helping regional businesses adapt to ever-evolving technology enabling change within their organisations. “Innovation”, said Ayman Al Bayaa, CEO of STME, “is the key to maximising the processes and applications that drive business growth within the region ...

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• 21 June

  Delivering value to the air transport community

  

    Our Correspondent EMIRATES BUSINESS SITA is the communications and IT solution provider that transforms air travel through technology for airlines, at airports and on aircraft. The company’s portfolio covers everything from managed global communications and infrastructure services, to eAircraft, passenger management, baggage, self-service, airport and border management solutions. Owned 100 percent by more than 400 air transport industry members, ...

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• 21 June

  UAE hospitality set to boom

  

    Ritika Sharma / Emirates Business Despite speculations about a slower economy affecting various sectors, the tourism and hospitality industry in the UAE is expected to experience an escalating capacity and exponential growth in the coming months, experts affirm. UAE, which is home to over 200 nationalities, is among the top five countries in the world in regard to the ...

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• 21 June

  Seatrade Tanker Middle East meet in November

  

    Emirates Business Riding on the wave of positive industry news from the tanker shipping market, Seatrade has announced the return of its popular Seatrade Tanker conference, Seatrade Tanker Middle East. The newly rebranded conference will take place as part of Seatrade Maritime Middle East and Dubai Maritime Week. Reaffirming the decision, Chris Hayman, Chairman of Seatrade, said: “In light ...

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