Frankfurt: German Chancellor Angela Merkel wants to help offset the higher costs of cleaner vehicles by putting a price on carbon-dioxide emissions, potentially offering a lift to Germany’s vital auto industry as it grapples with the high-risk transition away from the combustion engine. Germany and its automakers are facing a “Herculean task,” Merkel said on […]

This is in line with their obligations to achieve the common good and to not be held legally accountable.

This would be Khan’s second visit to the US. In July, he held a one-on-one meeting with Trump.

Toll system comes into effect on October 15.

Dubai: Three-fourths of customers trust their banks in the UAE, according to the 2018 Trust Index Survey of UAE Banks Federation (UBF) conducted in collaboration with Kantar, the data consultancy. The results show that 74 per cent of respondents had high trust in the UAE banking sector, up from 68 per cent in 2017. This […]

Munich: It only took a decade for traditional automakers to take electric cars seriously and offer more than a smattering of test-the-water models. Now comes the hard part: Getting consumers to buy them. At Frankfurt’s 2019 car show, Volkswagen AG CEO Herbert Diess laid it on thick, calling on governments to give up coal-fired power […]

The good news is that the International Monetary Fund has confirmed that a qualified and respected multilateralist, Kristalina Georgieva, is likely to succeed Christine Lagarde, the institution’s admired and accomplished managing director since 2011. Less good is the process that led to this uncontested nomination. As at the World Bank a few months ago, the […]

Four vehicles were involved in the accident.

Dubai: A new global initiative has been launched to ensure each gram of gold that turns up at a jewellery shop – or used for any other purpose – is properly sourced. And verified as being so. To do this, the campaign starts from the very source – the gold mines. Under the “Responsible Gold […]

Dubai: The UAE economy is fully prepared to meet challenges posed by slower global and regional economic growth this year resulting from both external and geopolitical and domestic factors, said AbdulAziz Al Ghurair, Chairman of UAE Banks Federation (UBF). “All key sectors of the economy, particularly the banking sector, have been fully prepared for some […]