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  Riyadh / TNS Saudi Arabia, represented by the Ministry of Education and the King Abdul Aziz Foundation for Talent and Creativity (Mawhiba), is due to participate in three international competitions in mathematics, physics and chemistry from the fourth to the 27th of Shawwal 1437 AH in Hong Kong, Switzerland and Georgia. Saudi Arabia is competing in the International Olympiad of ...

  WAM The total revenues of Saudi Customs in the last fiscal year 1436 AH (2015 AD) amounted to SR 29.8 billion, an increase of 9 percent compared to 2014, including SR3.06 billion incurred by the state as part of the support for some imported goods. According to the Saudi Press Agency, SPA, the recently issued annual report of the ...

  Bloomberg India’s biggest IT sourcing firm Tata Consultancy Services reported better-than-expected quarterly earnings on Thursday, boosted by rising demand for its cloud computing services. The firm, based in India’s financial capital Mumbai, said net profit for the three months to June 30 rose to 63.17 billion rupees ($944 million) from 57.09 billion rupees for the same period a year ...

  Bloomberg Bets that India’s yet-to-be-named new central banker will lean toward looser monetary policy have accelerated a drop in interest-rate swaps triggered by improving cash supply in the financial system. The cost to lock in rates for a year fell to 6.43 percent in Mumbai on Wednesday, the lowest level since September 2010, and has dropped six basis points ...

  Bloomberg Fast Retailing Co cut its full-year profit forecast for the third time in six months as a strong yen eroded earnings from overseas and overshadowed improving sales at its Uniqlo casual-wear chain. Net income will probably be 45 billion yen (US$427 million) for the year ending August 2016, a 25 percent drop from the forecast it gave in ...

  Bloomberg Australia’s dollar held near its highest since early May after a report showed full-time employment in the nation surged last month. New Zealand’s dollar tumbled as the central bank’s plan to update its economic assessment spurred speculation for a rate cut. The Aussie headed for a seven-week rally that would be its longest winning streak since 2012, after ...

  Bloomberg Hyundai Merchant Marine Co will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses. It will join a grouping known as 2M starting April next year, the Seoul-based company said in an e-mailed statement on Thursday. The group, led by ...

WASHINGTON Few technological breakthroughs have had the social and economic impact of the automobile. It changed America’s geography, spawning suburbs, shopping malls and sprawl as far as the eye could see. It redefined how we work and play, from the daily commute to the weekend trek to the beach. It expanded the heavy industry — steel-making, car production — that ...

  South Sudan rival leaders have their own doubts that the August 2015 deal midwifed by Intergovernmental Authority on Development (IGAD), a regional body, and troika, led by US and the UK, would work. They cited some weaknesses in the accord that the frustrated mediators who were in a hurry to clinch the deal, overlooked. Among those doubts though not ...

  Justin Fox Twenty-nine years ago, historian Paul Kennedy coined the term “imperial overstretch” to describe what happens to great powers when their global commitments become too expensive to sustain. He also suggested that the US, which at the time was in the midst of a defense-spending boom under Ronald Reagan, might be overstretching things a bit. A lot of ...