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Global criticism of Trump ban builds from Germany to Google

  Bloomberg Global opposition to US President Donald Trump intensified on Sunday as world leaders condemned the move to temporarily limit immigration from what are predominantly Muslim countries, while Germany pledged to play a bigger role on the international stage. World leaders including UK Prime Minister Theresa May, Canadian Prime Minister Justin Trudeau and German Chancellor Angela Merkel criticized Trump ...

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Analysts see massive pile of debt in Verizon-Charter deal

  Bloomberg Verizon Communications Inc. is said to have given thought to buying Charter Communications Inc., a deal that would create the biggest US wireless and internet provider. But many in the finance world are focused on another superlative a Charter tie-up could lead to: the world’s biggest corporate debtor. And that’s causing some credit analysts to wonder how Verizon ...

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Digital transformation can boost UAE GDP by AED51.4bn in 3 years

  Dubai / Emirates Business Today we live in a world where we can complete our most routine, yet often time consuming tasks, be it doing the laundry, booking transportation, scheduling a delivery, or merely ordering food, with the touch of a button. And in a market where there is a distinct appreciation for convenience, this is proving to be ...

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Germany’s pride shifting to frustration as inflation rises

  Bloomberg Germany is cursed by its own economic strength. For eight years, the nation of 83 million people has been the euro area’s growth driver. Now it’s at the forefront of the currency bloc’s reflation, with price increases potentially exceeding 2 percent, and dissatisfaction with the European Central Bank has morphed into outrage. Critics and media are slamming the ...

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Musk’s surprising rapport with Trump yields 40% rally for Tesla

  Bloomberg It’s a good time to be Elon Musk. Shares of the billionaire’s Tesla Motors Inc. have surged 40 percent since December 1, putting the stock within reach of a 52-week high. The acquisition of SolarCity is complete. Musk’s sprawling Gigafactory is now producing battery cells. And the clean-energy evangelist has the ear of a surprising fellow in Washington: ...

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Trump, Putin use first formal phone call to seek better ties

  Bloomberg President Donald Trump and Russian President Vladimir Putin pledged cooperation in fighting the IS, the two sides said, as they seek to ease tension after Russia’s invasion of Ukraine, its support for Syria, and allegations that Russian hackers sought to sway the US election. “The positive call was a significant start to improving the relationship between the United ...

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Feb budget ‘critical’ for India amid cash ban

  Bloomberg Three months into a cash ban that has sucked out momentum from one of the world’s fastest-growing economies, Prime Minister Narendra Modi has little room to boost spending. While economists urge more investment in roads, ports and railways when the government presents its budget February 1, and maybe even direct cash transfers to boost consumption, a splurge carries ...

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Demand for tires in China makes gloves dear

  Bloomberg Consumers across the globe donning gloves to do the dishes may soon feel the heat from rubber being burned on China’s roads. Surging car sales in China in the last few months have more than doubled the price of a little-known chemical called butadiene. The colorless gas, used for making synthetic rubber, has soared in tandem with rising ...

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UAE, Burundi ink pact to pursue cooperation in sustainable devp

  Abu Dhabi / WAM Dr Amal Abdullah Al Qubaisi, Speaker of Federal National Council (FNC), met with Nyabenda Pascal, President of the National Assembly of Burundi (NAB), and his accompanying delegation on Saturday. Dr Al Qubaisi discussed with the NAB President ways to enhance bilateral co-operation between the two countries, issues of mutual interest and means to strengthen parliamentary relations ...

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Mohammed announces National Giving Retreat on February 1

  Dubai / WAM In line with the President His Highness Sheikh Khalifa bin Zayed Al Nahyan’s declaration of 2017 as the national Year of Giving, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on saturday called for a national ‘Giving Retreat’ on February 1. The retreat will bring together over 100 cabinet ...

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