Masonry Layout

Mystery over weak Indonesia spending stumps policy makers

Bloomberg Almost 4 million new jobs, rising wages and eight interest-rate cuts in Indonesia should have been enough to spur consumers into action in the world’s fourth most populous nation. Instead, an increasing number of people are keeping a tight grip on their purse strings and putting their money in the bank, leaving policy makers and economists perplexed. “All the ...

Read More »

Farms to factories, India faces a drop in demand

Bloomberg Consumption was India’s big story. Its 1.3 billion population was expected to guzzle everything from iron to iPhones, driving global growth and cheering investors such as Apple Inc. and Goldman Sachs Group Inc. For a while everything seemed smooth. Indians were the world’s most confident consumers and the $2 trillion economy was the fastest-growing big market. Then, last November, ...

Read More »

‘Brexit mustn’t shut door on unskilled EU workers’

Bloomberg ­­­­­­­­­­­­­­­ Christmas shopping may get more hectic and crops might go unharvested unless the UK government ensures access to unskilled migrant labour after the UK leaves the European Union, the British Retail Consortium (BRC) warned. The government must make it easy for workers from the EU currently living in the UK to secure settled status and establish an immigration ...

Read More »

GE’s Flannery signals sweeping makeover

Bloomberg General Electric Co.’s new boss has barely uttered a word in public during his first two months on the job. But he’s already sending signals that his tenure could bring one of the most sweeping makeovers in the company’s 125-year history. Chief Executive Officer John Flannery is seeking deep cost reductions, weighing portfolio changes and reshaping management from top ...

Read More »

Donald Trump pours millions into money-losing Scottish golf course

Bloomberg From the 300-plus crystal chandeliers to the gold-plated taps in the bathrooms, Donald Trump has transformed a hotel overlooking one of the world’s most legendary golf courses into an eponymous glittering palace. Members gathering for their tee times say they love many of the changes at the Trump Turnberry resort in Scotland, but they doubt the president will ever ...

Read More »

Hamdan opens GITEX Technology Week 2017

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, on Sunday inaugurated GITEX, the region’s most prominent technology event, which started on Sunday and runs until October 12 at Dubai World Trade Centre (DWTC) More than 4,000 companies from 71 countries around the world ...

Read More »

Abdullah, Japanese minister discuss ways to bolster ties

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Hiroshige Seko, Japanese Minister of Economy, Trade and Industry, in Abu Dhabi on Sunday to discuss methods of boosting strategic bilateral ties in political, investment, economic and trade sectors. Sheikh Abdullah and the Japanese minister also exchanged views on the ...

Read More »

DPM to showcase digital achievements

Abu Dhabi / Emirates Business The Abu Dhabi Department of Urban Planning and Municipalities (DPM) will showcase its latest digital development projects in the Abu Dhabi digital government pavilion at GITEX 2017. The DPM has been invited to attend the event due to its impressive achievements in developing and implementing digital enhancements to its processes and customer services. During the ...

Read More »

ADIPEC to drive strategic evolution of oil, gas industry

Abu Dhabi / Emirates Business An expanded and restructured strategic conference programme at the world’s leading annual meeting for senior oil and gas decision makers, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), will play a vital role in driving strategic investment decisions across the industry’s full value chain, organisers said today. Investment in refining and selling the oil ...

Read More »

Trump’s Iran gambit to keep ‘worst deal ever’ intact for now

Bloomberg President Donald Trump is weighing a new strategy to confront Iran’s nuclear ambitions that would leave a 2015 agreement intact for now but ask Congress to toughen a law overseeing the Islamic Republic’s compliance with the accord, according to three administration officials. The goal behind the strategy, which Trump is expected to announce next week, would be to present ...

Read More »
Send this to a friend