Dubai / Emirates Business HE Mariam bint Mohammed Almheiri concluded her trip to Singapore that included government visits to explore prospects of cooperation between the two countries in terms of food security, as well as ways to facilitate the exchange of knowledge, international best practices and governance, in the lead-up to the launch of the UAE National Strategy for Future ...
Read More »Populists keep EU on edge as focus shifts to 2019 elections
Bloomberg With the European Union gearing up for legislative elections in 2019, the battle between EU supporters and opponents is shaping up to be a lot like many of the contests in this summer’s soccer World Cup: back and forth, passionate and down to the wire. Last year’s election of French President Emmanuel Macron and fourth-term victory of German Chancellor ...
Read More »Ten people hospitalised after Manchester shooting
Bloomberg Police in Manchester say 10 people have been hospitalised as the result of a shooting after a Caribbean carnival in the city. Greater Manchester police say the injuries range from “minor to major†but most don’t appear to be life-threatening. The shooting was reported about 2:30 am on Sunday. Detective Superintendent Debbie Dooley says police are trying to establish ...
Read More »Trump embraces market pain with little concern of contagion
Bloomberg President Donald Trump is embracing financial-market pain to get what he wants around the world, showing again the penchant for turmoil that is his trademark in US politics. His decision to double steel and aluminum tariffs on a Turkish economy already reeling from a currency crisis came just days after imposing new sanctions on Russia, creating market havoc in ...
Read More »Germany’s Merkel urges EU nations to confront racism
Bloomberg German Chancellor Angela Merkel urged European Union nations to confront racist attitudes, and called for a joint approach to tackle the challenges posed by the inflows of migrants. “The racist tendencies that we see lamentably in all the member states is something we have to fight against,†Merkel said in a meeting in southern Spain with Spanish Prime Minister ...
Read More »Mali’s president heads for 2nd term in poll rematch
Bloomberg Voters in Mali were expected to decide on Sunday whether President Ibrahim Boubacar Keita wins a second mandate even as criticism mounts over his failure to tackle a rising tide of extremism violence. Known as IBK, 73-year-old Keita won the first round of presidential elections on July 29 with 41 percent of the votes, securing a comfortably large margin ...
Read More »Iranians launch campaign to shed light on nepotism
Bloomberg Iranians bracing for tougher times now that the US has renewed sanctions are taking a jab at officials over government spending and nepotism. A social media campaign under the hashtag #where_is_your_kid? is asking officials to explain privileges their families enjoy. The campaign, launched last week, was prompted by photos that circulated online showing some of the officials’ children wearing ...
Read More »10-year high in ‘US inflation’ less exciting under hood
Bloomberg US inflation in July, excluding noisy food and energy prices, was the highest since 2008 at 2.4 percent. A closer look suggests there probably isn’t much cause for concern at the Federal Reserve. Excluding shelter costs, US services inflation edged down last month. Central bankers pay close attention to services inflation because it correlates more closely with domestic labour ...
Read More »US SEC postpones decision on Bitcoin ETF listing to Sept
Bloomberg The US Securities and Exchange Commission (SEC) has postponed a decision on whether to allow the listing of an exchange-traded fund backed by Bitcoin. The agency now has until September 30 to “approve or disapprove, or institute proceedings to determine whether to disapprove†a proposed rule changefrom Cboe Global Markets Inc. that would allow the fund from VanEck Associates ...
Read More »GE prepares $1.5bn sale of power-conversion unit
Bloomberg General Electric Co. is working with bankers on a possible sale of its power-conversion business, people familiar with the matter said, as the fallen manufacturer attempts to regain its footing by slimming down. The unit formerly known as Converteam could fetch about $1.5 billion, below the $3.2 billion GE paid for the assets in 2011, said the people, who ...
Read More »