China says history shows positive outcome from US talks possible

Beijing: China said on Wednesday positive outcomes were possible in trade negotiations with the United States, after the presidents of the world’s two largest economies agreed to revive their troubled talks at a G20 meeting this month. US President Donald Trump said on Tuesday he would meet Chinese President Xi Jinping at the G20 summit […]

Dubai reduces fee for filing bankruptcy

Dubai: Dubai government has reduced the fees of filing for bankruptcy and peaceful settlement of bankruptcy claims at Dubai Courts from Dh2,000 to just Dh500, according to a law issued yesterday by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Under the Law No. […]

AI seen as biggest technology challenge facing businesses

Dubai: Artificial Intelligence (AI) was cited as the biggest technology challenge faced by senior executives across various industries worldwide, according to the latest study by American Express. The study, which surveyed 901 chief financial officers and other finance executives, showed that against this backdrop, more companies are now investing in such technologies. Around 66 per […]

Dovish central banks keep world stocks near two-week highs

London: World stocks held near two-week highs on Wednesday as investors bet on a worldwide wave of central bank stimulus, with expectations building that the United States and the Eurozone may deliver interest rate cuts as early as July. Markets have been fired up by European Central Bank President Mario Draghi’s Tuesday volte-face on policy […]