WTO warns of global trade slowdown as indicator hits 9-year low

GENEVA: A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organisation said on Tuesday. The WTO’s quarterly outlook indicator, a composite of seven drivers of trade, showed a reading […]

Dubai’s DP World acquires UK’s P&O Ferries for a purchase consideration of $421 million

Dubai: DP World has acquired the holding company of a British ports and ferries group for purchase consideration of $421 million, in the latest of a series of acquisitions aimed at strengthening the UAE-based firm’s global footprint. Dubai’s state-owned ports operator announced on Wednesday that it is taking over the United Kingdom’s P&O Ferries, which made […]