Los Angeles: PG&E Corp, the California power utility facing potentially crushing liabilities linked to catastrophic wildfires in that state from 2017 and 2018, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses. PG&E is reeling from the November Camp fire that swept through the California mountain community […]
BERLIN: The German economy grew by 1.5 per cent in 2018, the weakest rate in five years and markedly slower than the previous year, preliminary data showed on Tuesday, in a sign that exporters in Europe’s largest economy are being hit by trade tensions. German companies are struggling with a cooling of the global economy […]
The US growth outlook hangs more than ever on American consumers’ resilience amid stock-market swoons and trade-war tensions, but key data on their spending — the biggest part of the economy — will be missing due to the government shutdown. Was it a gangbusters Christmas shopping season as forecasts and anecdotal evidence suggested? Were consumers […]
Parliament voted 432-202 against Prime Minister Theresa May’s deal, the worst parliamentary defeat for a government in recent British history.
Dubai: The public relations agency FleishmanHillard has folded its Middle East business into Impact BBDO, the parent company of fellow communications firm Impact Porter Novelli (IPN). Both owned by Omnicom Group, one of the largest media conglomerates in the world, the two firms previously operated independent of one another. Now, FleishmanHillard has confirmed to Gulf […]
San Francisco: SpaceX workers affected by company-wide job cuts could check out another employer that’s hiring right across the street. On the same day Elon Musk’s rocket company was preparing to pare its ranks, the billionaire’s tunnelling start-up, Boring Co, posted a tweet for a batch of open positions. Boring Co is soliciting applications for […]
H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, ordered an expanded More…
Something pushed him to stand beneath the window.
In the second week of the Year of Tolerance, the Emirates Red Crescent, ERC, initiated seven education development More…
Around 60 guests were evacuated from an Austrian hotel and holiday apartment house early Tuesday after the buildings More…