June, 2016

• 7 June

  Emirates NBD partners with Uber to offer free rides in holy month

    Dubai / Emirates Business Emirates NBD, one of the leading banking groups in the region, on Tuesday announced its collaboration with Uber, a smartphone app changing the way the world moves, to offer Emirates NBD cardholders free rides during the holy month of Ramadan. The digital promotion represents Emirates NBD’s consistent efforts to offer its growing number of mobile-savvy ...

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• 7 June

  Al Ihsan Charity launches Ramadan projects

    Ajman / WAM The Al Ihsan Charity Association has launched its Ramadan campaign which includes a number of charitable projects that provide services for underprivileged families. During the Holy Month of Ramadan, the association will meet the needs of many families at a total cost of AED8 million. The philanthropic foundation has completed distribution of Ramadan Rations to 3,500 families. ...

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• 7 June

  Audi goes the extra mile for its customers this Ramadan

  

    Abu Dhabi / Emirates Business The exclusive Audi Extra campaign offer from Audi Ali & Sons is making it extra attractive for customers to own a new car this Ramadan. Under the slogan “This Ramadan Audi Offers You Extra”, the campaign offers customers added value packages during the promotional period of Ramadan that encompass extra service, warranty and insurance ...

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• 7 June

  Swiss rejection shouldn’t doom basic income

  

    Nobody expected the conservative Swiss to approve the idea of a hefty monthly payout to everyone in the country without exception. The proposal for a universal basic income (UBI) — a monthly payout of 2,500 francs ($2,560) — was rejected by 77 percent of Swiss voters in Sunday’s referendum, just as their government recommended. That’s a shame, because the ...

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• 7 June

  Markets may have overreacted to jobs report

  

    Mohamed A. El-Erian The very sharp drop in yields on U.S. Treasuries on Friday suggests that the fixed-income markets have interpreted the last week’s disappointing jobs report as an indication that the economy is facing diminishing demand momentum. As a result, traders significantly lowered their expectations of an interest-rate hike by the Federal Reserve this summer, which also drove ...

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• 7 June

  Why US needs Russian rocket engines to spy on Russia

  When President Barack Obama came into office, the fact that Russia sold the U.S. the rocket engines it needed for launches was a feature of U.S. foreign policy, not a bug. Obama was trying to reset the U.S. relationship with Moscow, and that meant finding areas where the two former Cold War rivals could cooperate. If the U.S. would rely ...

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• 7 June

  Canada bets on realty boom, consumer sentiment high

  

    Bloomberg Consumer sentiment returned to the highest this year in Canada as Quebec residents felt better off financially and more people bet the country’s housing boom would continue. The Bloomberg Nanos Canadian Consumer Confidence Index rose to 57.8 in the week ended June 3, from 57.5 previously, according to telephone polling of 1,000 respondents. Quebec’s pocketbook measure — based ...

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• 7 June

  Trump sells condos to son at 72% discount

  

    Bloomberg Donald Trump sold two apartments on Manhattan’s Central Park South to his son Eric for about $700,000, well below market rate. The presumed Republican nominee in this year’s presidential race sold the 500-square-foot (46.5 square meter) units on the two highest floors of 100 Central Park South for $350,000 each, on April 26, according to New York City ...

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• 7 June

  Gates, Saudi prince seeking sale of Four Seasons Toronto

    Bloomberg Billionaire investor Bill Gates and Saudi Prince Alwaleed bin Talal Al Saud are seeking to sell Toronto’s landmark Four Seasons hotel for almost C$1 million ($780,000) a room in what would be the highest price for a hotel in Canada, according to people familiar with the matter. Kingdom Holding Co., owned by the Saudi prince, and Cascade Investment, ...

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• 7 June

  Durham had first building named to honour Ali

  

    DURHAM /Tribune News Service A few weeks before Christmas in 1977 and nearly a year before he would go on to lose his heavyweight title to Leon Spinks, Durham got an early Christmas present when Muhammad Ali came to town to help dedicate a new junior college gymnasium named in his honor. Located off Fayetteville Street near the intersection ...

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