Ankara: Turkish President Recep Tayyip Erdogan unexpectedly removed Murat Cetinkaya as central bank governor, weeks after he was said to refuse an informal request to resign. The decision to oust him risks a market backlash just as policymakers were expected to start interest-rate cuts. Tension between Cetinkaya, whose four-year term was due to end in […]
Abu Dhabi: The Abu Dhabi Executive Council on Wednesday announced it was rolling 11Â government entities into a single holding company. The entities are Abu Dhabi Ports; Abu Dhabi Airports; Musanada; Twofour54; Abu Dhabi Media, Abu Dhabi Health Services Company; Modon Properties; Daman; Abu Dhabi National Exhibition Company; Abu Dhabi Sewerage Services Company and Zones Corp. […]
Tokyo: Cruise, a US self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a US national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. SoftBank has come under increasing US scrutiny over its ties to Chinese firms in the face of an escalating trade and […]
Preparations for World Expo will help drive rebound next year.
News of his untimely passing sparked a flood of social media posts.
Seattle: Europe’s aviation regulator has outlined five major requirements it wants Boeing Co. to address before it will allow the planemaker’s 737 Max to return to service, according to a person familiar with the matter. One of them, about the jet’s autopilot function, hasn’t surfaced previously as an area of concern. The European Union Aviation […]
Paris: Orange SA Chief Executive Officer Stephane Richard will have to resign if he’s convicted next week on decade-old allegations of fraud, a top finance ministry official said. A Paris court will decide on July 9 whether Richard helped businessman Bernard Tapie cheat the government out of about 403 million euros (Dh1.66 billion, $455 million) […]
The CCTV cameras installed as part of the Hemaya project played a critical role in detecting and solving around 74 per cent of the crimes reported in 2017.
Tunis/Benghazi: Eastern Libyan authorities and US security firm Guidry Group plan to finalise an agreement to develop a major port in the east of the troubled oil producer, both sides said. Talks have been going on for about a year to build a port in Susah, which would mark a rare sign of investment in […]
New York: Soybean prices have regained the ground lost since China imposed tariffs on US farm goods. For growers, a recovery could take years. Saturday marks the anniversary of those tariffs taking effect. While Chicago futures are back above levels of 12 months ago, they are still well below prices before US-China trade tensions began […]