Tusk says EU will retaliate against new US tariffs

Paris European Council President Donald Tusk set up the EU’s position ahead of the G7 summit on Saturday, making it clear that the bloc opposed many of the positions put forward by US President Donald Trump. In a news conference before the start of the summit, Tusk warned the American president that Europe didn’t share […]

UAE participates in WTO dispute settlement proceedings with Qatar

GENEVA: The UAE is participating in dispute adjudication proceedings through the World Trade Organisation Dispute Settlement Body during meetings to be convened from August 21st to 23rd, in the presence of various states interested in the matter. Representing the UAE is a delegation led by Minister of State for Financial Affairs Obaid bin Humaid Al […]

Naspers Looks to Invest in AI as Prosus Listing Approved

Johannesburg. Naspers Ltd. is looking to invest in machine learning as Africa’s largest company seeks to expand following an Amsterdam listing of assets including a stake in Tencent Holdings Ltd. The South Africa internet and technology group spent about $3 billion on its various ventures around the world last year, including Indian food-delivery service Swiggy […]

Sinclair completes $9.6-billion purchase of Fox regional sports networks from Disney

Los Angeles: Maryland-based Sinclair Broadcast Group Inc. completed its $9.6-billion acquisition of 21 of the Fox regional sports networks on Friday, bringing new ownership to a cluster of popular channels including Fox Sports West, Prime Ticket and Fox Sports San Diego. Sinclair and Walt Disney Co. announced the completion of the transaction, which included the […]

IndiGo Billionaire Gangwal Flags Truce With Airline Co-Founder

New Delhi. Rakesh Gangwal, the billionaire co-founder of Indian budget airline IndiGo, will support company proposals at a shareholder meeting next week to expand its board after an agreement on policy changes, months after he accused his fellow co-founder of corporate-governance lapses. The board of IndiGo, Asia’s biggest budget airline by market value, has approved […]

IMF to hold weekend meetings in Argentina with advisers for Macri, Fernandez

BUENOS AIRES. The International Monetary Fund said on Friday that a team will meet with the economic advisers to Argentina’s main presidential contenders, incumbent Mauricio Macri and opposition candidate Alberto Fernandez, to “exchange views.” The “technical staff team” was due to arrive in Argentina on Saturday, the IMF said in a statement, and will discuss […]

At G7, Trump faces tepid reception

BIARRITZ, France President Donald Trump arrived Saturday in France for an international summit with the leaders of the globe’s economic powers as he confronts the consequences of his preference for going it alone, both in a sharply divided United States and an interconnected world. The meeting of the Group of Seven nations — Britain, Canada, […]

Nothing is going right for Germany

London The world’s first 30-year bond offering a zero coupon struggled to find buyers, signalling that negative yields across Europe may finally be taking their toll on investor demand. Germany failed to meet its 2 billion euro target for the auction of notes maturing in 2050, selling only 824 million euros. It’s another sign that […]