Airbus says US sanctions on its aircraft would have no legal basis

Paris: European aircraft-maker Airbus said on Tuesday it saw no legal basis for the United States’ move towards imposing trade sanctions on its aircraft and warned of deepening trade tensions. US President Donald Trump said on Tuesday the United States would impose tariffs on $11 billion (Dh40.4 billion) of products from the European Union, a […]

Trade between GCC, Latin America hit $16.3b in 2018

Panama City: Trade flows between GCC countries and Latin America and the Caribbean (LAC) reached $16.3 billion (Dh59.86 billion) in 2018, while the UAE remained a top trading partner in the Gulf region for LAC countries, according to a new report conducted by Inter-American Development Bank (IDB) in cooperation with the Dubai Chamber of Commerce […]

IMF sees global growth moderating in near term

Dubai: Global growth is now projected to slow from 3.6 per cent in 2018 to 3.3 per cent in 2019, before returning to 3.6 per cent in 2020, according to the World Economic Outlook (WEO). The International Monetary Fund (IMF) report has revised growth for 2018 down by 0.1 percentage point relative to the October […]

Ghosn blames Nissan executives for ‘playing a dirty game’

Tokyo: Carlos Ghosn lashed out at Nissan Motor Co’s top ranks for playing “a very dirty game” by orchestrating his arrests in Japan and his ouster from its global alliance with Renault SA and Mitsubishi Motors Corp. Speaking in a video recorded before he was detained again last week, the former chairman of the three […]

Erdogan reminds traders that the lira is treading on thin ice

London: Lira traders got a reminder Monday that political risk is never far from the surface in Turkey after a call by President Recep Tayyip Erdogan for a vote recount in the nation’s biggest city sent the currency to a two-week low. After originally appearing to accept the results of the March 31 municipal ballot, […]

Global business forum Latin America kicks off in Panama City

Panama City: A major business summit to boost trade and investment ties between the UAE and Latin America and Caribbean countries got underway in Panama City on Tuesday with Dubai Chamber announcing the opening of a representative office in Mexico City later this year. “We are excited to announce the opening of a fourth representative […]

US proposes tariffs on EU products over Airbus subsidies

San Francisco: A simmering transatlantic trade row risked escalating on Tuesday after the US threatened to impose tariff counter-measures of up to $11.2 billion (Dh41.13 billion) on a host of European products. The threatened US tariffs are in response to subsidies received by aircraft maker Airbus and target a host of European products including helicopters, […]