Car washing sector gathers momentum in UAE

  Dubai / Emirates Business In a survey conducted by VIS, the organisers of Middle East Cleaning Technology Week (MECTW) UAE residents have their vehicles professionally cleaned on average three times a month. Emiratis on average have their automobiles cleaned four to five time a month. With the average cost of cleaning a car varying from AED 35 to AED ...

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The real national embarrassment for US

  However this election turns out, the 2016 campaign for the White House will undoubtedly be remembered for its vulgarity, mean-spiritedness and mendacity. It has been a national embarrassment. But a parallel failing is less noticed: the unwillingness of both candidates — Hillary Clinton and Donald Trump — to come to grips with national problems that are staring them in ...

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No one cares what economists have to say about Trump

  This week, there have been not one, but two open letters by some of the most eminent economists in the U.S., urging the American public not to vote for Donald Trump. One letter, published in the Wall Street Journal, was signed by 370 economists, including eight Nobel prize winners. It slams Trump for questioning the accuracy of economic data, ...

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US needs ugly pictures on cigarette packs, too

  Graphic images of diseased lungs, rotting teeth and people smoking through tracheotomy holes aren’t the best way to sell cigarettes. Which is exactly why they feature so prominently on cigarette packs in dozens of countries — and should in the U.S. as well. More than seven years ago, Congress mandated such labels, covering at least half of the fronts ...

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UK, India must chalk out a fresh trade deal

  The High Court ruling that a parliamentary nod is required to trigger Article 50 — the formal procedure for the UK to leave the EU — may have come as a shock for the British government, but Prime Minister Theresa May has said that her government was confident of winning the appeal against the verdict in the Supreme Court ...

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What Brexit does and doesn’t say about American election

  As the U.S. election campaign nears its climax, Donald Trump is amping up his claim that the failure of opinion polls to predict the U.K.’s June vote to leave the European Union presages a similar surprise in his favor on Tuesday. While there are some lessons to be learned from the Brexit referendum, other conclusions aren’t backed by the ...

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What disruption? Tech has not shaken basic economics

  A funny thing happened on the path to disruption. This decade, most of Silicon Valley’s big societal claims have turned out to be wrong. These claims arguably began around the time this cycle’s real expansion began, in late 2011. Two scholars’ 2011 text, “Race Against the Machine,” looked at some of the problems plaguing the U.S. economy —stagnant wage ...

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If populists are wrong, technocrats aren’t right

  Pankaj Mishra Africa is “rising,” or so authoritative sources declared a few years ago. An Economist cover story in 2013 amplified the claim; the Wall Street Journal carried a series of articles on economic growth in Africa under this title. African “lions,” according to a report published as recently as September by the McKinsey Global Institute, are “on the ...

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British Airways pares fleet plan, seeks job cuts

Bloomberg British Airways owner IAG SA said it’s reviewing outstanding orders for the latest Boeing Co. and Airbus Group SE wide-body jets while keeping older planes for longer and adding more seats to others in a bid to pare spending as overcapacity and the UK’s Brexit vote weigh on earnings. Plans to take 38 Airbus A350s and Boeing 787s are ...

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Canada to increase limits on airline foreign ownership

  Bloomberg Canada will nearly double its limit on foreign ownership of airlines as part of an overhaul of transportation rules, raising it to 49 percent from 25 percent while retaining other restrictions. Transport Minister Marc Garneau announced the changes in Montreal, saying the government would immediately increase the ownership threshold to 49 percent for Canada Jetlines Ltd. and Enerjet ...

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