UAE named Vice Chairman of Belt and Road Initiative body

BEIJING: The UAE has been elected as Vice Chairman of the Board of Directors of the Belt and Road Initiative Tax Administration Organisation. This came during the Belt and Road Initiative Tax Administration Cooperation Forum, which concluded on April 20 in China where Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA), […]

Tesla posts surprisingly large 1Q loss

SAN FRANCISCO: Tesla CEO Elon Musk had prepped Wall Street for a first quarter loss but analysts were still stunned by its size: $702.1 million, among the company’s worst quarters in the past two years. The net loss was more than double what analysts had predicted as Tesla’s sales slumped 31% for the quarter. The […]

JPMorgan to name record number of women managing directors

New York: JPMorgan Chase & Co. promoted 117 employees to managing director in its corporate and investment bank, a person briefed on the changes said. Women represented a little more than a quarter of the total, which was a record percentage, according to the person, who asked not to be identified because the breakdown hasn’t […]