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Bloomberg Inflation is getting a fresh look in Asia. Nowhere is the global e-commerce wave having more of an impact right now than in Asia, where the region’s burgeoning middle class is embracing clicks over mortar and companies are scrambling to meet their demand via new ventures or acquisitions. In the process, old methods of measuring prices based on the ...

Bloomberg Uber Technologies Inc has named India’s cricket captain—one of the world’s most expensive sports celebrities— as brand ambassador, signaling that while it may be ceding ground in Southeast Asia, it’s still trying to grow in the subcontinent. Virat Kohli would be its first brand ambassador in India in a “one of its kind initiative across the Asia Pacific region”, ...

Bloomberg All is not well in Crypto Valley. One of the highest profile digital-currency projects in Switzerland, a country that’s been among the most enthusiastic advocates for cryptocurrencies, is under fire from both outsiders and insiders over allegations of false marketing and mismanagement, prompting its president to resign. Now the Tezos Foundation, which raised $232 million in an initial coin ...

Bloomberg A leak of WhatsApp chats from a Conservative Party group that favours a complete UK withdrawal from the European Union shows the breadth of animosity among factions in the governing party and the possible threat posed to a uneasy truce. The messages, published by BuzzFeed on March 10, are from the WhatsApp forum of the European Research Group, which ...

Bloomberg The US labour market still has plenty of room to run. That’s the message from government data on March 10, which gave multiple indications America’s jobs situation isn’t as tight as previously thought, sending stocks and bond yields higher. Employers added the most workers since mid-2016, the participation rate rose by the most in almost eight years despite downward ...

Bloomberg China’s parliament voted to repeal presidential term limits, allowing President Xi Jinping to keep power indefinitely in a formal break from succession rules set up after Mao Zedong’s turbulent rule. All but five of the almost 3,000 National People’s Congress dep-uties present on Sunday supported the measure to strike a constitutional provision barring the president from serving more than ...

Dubai / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO) on Saturday announced that the integrated free zone technology park has achieved remarkable results in 2017 with a total revenue of AED590.5 million and growth of 11.2% compared to the previous year. Overall ...

Abu Dhabi / WAM Emirates Red Crescent (ERC), and McDonald’s UAE have announced that they will join forces to promote humanitarian and societal values in support of the ERC’s charitable programmes within the UAE. Under an agreement signed by Dr. Mohammed Ateeq Al Falahi, Secretary-General of ERC, and Rafic Fakih, Managing Director and partner at McDonald’s UAE, ERC donation boxes ...

Petra / WAM The ‘Year of Zayed 2018’ hot air balloon was launched by the Sharjah-based Al Qasimia University in the historic city of Petra in Jordan amidst a huge turnout of members of the public. Commenting on the launch, Dr. Rashad Salem, Director of the Al Qasimia University, said the launch serves the humanitarian message for which the UAE ...

Abu Dhabi / WAM The CNBC news channel has listed Shamma bint Suhail Faris Al Mazrui, Minister of State for Youth Affairs, among the top seven ‘female activists under 23 who are changing the world’. The list comes in conjunction with this year’s International Women’s day, centred around the theme #PressforProgress, which urges women of all generations to use their ...