New York: Nissan and Renault are considering changes to their partnership in order to reinvigorate merger negotiations with US-Italian automaker Fiat Chrysler, US media reported on Friday. Negotiations for a tie-up between Renault and Fiat Chrysler (FCA) collapsed in June, with Renault’s chairman blaming the French government for blocking a vote on the deal that […]
London: Gold fell for a second day, while sustaining its hold above $1,400 an ounce, after the Federal Reserve signalled it probably won’t embark on a lengthy easing cycle following the first rate cut since the financial crisis. The drop came as investors reacted to the bank paring the target range for the benchmark rate […]
Brussels: UK Prime Minister Boris Johnson got another warning of the potentially dire effects of a no-deal Brexit, this time from lawyers who said that crashing out of the European Union would put 10,000 legal jobs at risk and may cost the industry about £3.5 billion. In a report on Thursday, the Law Society called […]
BEIRUT President Michel Aoun warned Lebanese on Thursday of the risk of harsh financial measures from international institutions unless sacrifices are made to save the country from economic crisis. Aoun’s comments in a speech marking army day appeared to raise the possibility of Lebanon having to go to the International Monetary Fund (IMF) for help […]
LONDON: European stocks posted their biggest drop of 2019 on Friday and bond yields tumbled to record lows after US President Donald Trump fired another trade war salvo at China, sparking a frenzied dash for safe-haven assets. Trump said he would impose a 10 per cent tariff on $300 billion of Chinese imports from September […]
Fleeing the country without paying your debts in case of a job loss could prove risky, warn experts.
The aim is to make Dubai the world’s best city for the people of determination when it hosts Expo 2020.
Haj starts on August 9 (Zul Hijjah 8).
Fifth travel advisory issued for Emiratis.
London: Standard Chartered’s adjusted pretax profit was $2.61 billion in the first half, the bank reported on Thursday, higher than the company-compiled $2.50 billion estimate. Standard Chartered said it remains confident of a full-year return on tangible equity greater than 10 per cent in 2021. “Trade protectionism is bad for the global economy, and fears […]