Dubai developers go big with monthly schemes

Dubai: Worried about meeting those down payments and subsequent instalments on the property? If yes, why not opt for more manageable monthly payments of Dh2,000 or Dh3,000? More developers in Dubai are offering such schemes on off-plan purchases, with the instalments set on terms easy on buyers’ pockets. For instance, someone buying a Dh475,000 studio […]

New bullet train model ‘Supreme’ hits record speed in test run

Tokyo. A new model of bullet train set to enter service ahead of the Tokyo Olympics hit a record speed of 360 kilometres (224 miles) per hour in a test run, operator JR Central said. The N700s — the suffix stands for ‘supreme’ — is the first new model of bullet train on Japan’s busiest […]

DP World and Hindustan Infralog to acquire a 76 per cent stake of KRIL

Dubai Hindustan Infralog, a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), said Thursday that it had completed its acquisition of a 76 per cent stake in KRIBHCO Infrastructure, an integrated multi-modal logistics operator in India. The acquisition was made through its 90 per cent owned subsidiary, Continental Warehousing Corporation. […]

Trade war escalation won’t solve anything, China regulator says

Beijing: The US escalation of trade tensions won’t solve any of its problems but will create volatility in global markets and hurt the world economy, China’s top financial regulator said Saturday. Higher US tariffs will have a “very limited” impact on China’s economy while hurting the US about as much, said Xiao Yuanqi, spokesman for […]

Tariffs could fizzle fireworks, an American tradition that’s 95 per cent made in China

The escalating trade clash between the United States and China has sent thousands of US companies scrambling to determine whether they can import goods from other countries to escape higher tariffs. But when President Donald Trump threatened to tag large penalties on $300 billion in Chinese imports earlier this month, a sense of panic settled […]

Japan more downbeat on growth

TOKYO. Japan’s government downgraded its assessment of the economy on Friday but maintained the view it was recovering, suggesting that escalating US-China trade tensions have yet to hit growth enough to put off this year’s scheduled sales tax hike. The fallout from the trade war and slowing global demand have clouded the outlook for the […]