US-China trade conflict could take years to resolve -Kudlow

Washington, D.C.: White House economic adviser Larry Kudlow said on Friday the United States wants “near term” results from US-China trade talks in September and October but cautioned that the trade conflict could take years to resolve. Speaking to reporters outside the White House, Kudlow said that although the United States and China have been […]

UK economy quietly pays the price for growing politics chaos

London: Behind the noise of another tumultuous few days in UK politics, the nation’s economy quietly had one of its worst weeks this year. Warning lights are flashing red, with manufacturing and construction shrinking and even the dominant services sector losing momentum, prompting forecasts that the UK is heading for a recession. At the same […]

Holiday home firms pursue options after Downtown shutout

Dubai: Holiday home operators in Dubai are seeking legal advice on whether a master-developer can enforce a blanket ban on their operations within a community. According to sources, the Dubai Tourism and Commerce Marketing (DTCM) has clear-cut guidelines on licensing holiday homes/short-term rentals in this market. They point to two of these requirements: 1. “All […]

Turkey wants banks to write off $1.9 billion to boost credit

Istanbul: Turkey wants its banks to write off loans to some energy projects as part of a larger plan to clear lenders’ books, an effort aimed at boosting credit in the nation’s ailing economy. Banking regulator BDDK wants credit extended to at least three gas-fired power plants to be classified as non-performing loans, according to […]