The US is running out of options on China

New York: If you want to understand the developing trade war with China, the first thing you need to realise is that nothing Donald Trump is doing makes sense. His views on trade are incoherent. His demands are incomprehensible. And he vastly overrates his ability to inflict damage on China while underrating the damage China […]

US housing starts fall further

WASHINGTON: US homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market. The housing market has not benefited much from declining mortgage rates because of land and labour shortages, […]

Private sector key to achieving sustainable development goals in the UAE

DUBAI: Government and private sector collaboration is key to overcoming challenges and driving further sustainable development in the UAE, a report by the Federal Competitiveness and Statistics Authority, FCSA, revealed. Entitled, ‘Achieving the Sustainable Development Goals in the UAE — Private Sector Contribution’, the report, produced in collaboration with Oliver Wyman, noted how sustainable development […]

Lower spending by Indians points to more growth pain ahead

Mumbai: Indians are cutting back on spending from hair oils to motorcycles in a fresh sign that the slowdown in Asia’s third-largest economy is becoming more entrenched. That is likely to add pressure on policymakers to ease both fiscal and monetary policy in the coming months at a time when Finance Minister Nirmala Sitharaman tours […]