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WASHINGTON: The United States imposed tariffs on a record $7.5-billion worth of European Union goods on Friday, despite threats of retaliation, with Airbus, French and Scottish beverages among the high-profile targets. The tariffs, which took effect just after midnight in Washington (0401 GMT), came after talks between European officials and US trade representatives failed to […]
Beijing: After a bleak first half for corporate earnings in China, the current reporting season is bringing more grim news. About 44 per cent of more than 1,200 firms that have given profit guidance for the third quarter predicted worse earnings than from a year earlier, in terms of smaller profits, deeper losses or swings […]
Mumbai: Reliance Industries Ltd’s quarterly profit rose 18 per cent from a year earlier beating analyst estimates, bolstered by its telecommunications and retail businesses. India’s biggest company by market value posted a consolidated net income of Rs112.6 billion ($1.58 billion) in the three months through September, against Rs95.2 billion a year ago, it said in […]
Business News
AI university in Abu Dhabi will meet with future job demand in sector, say business executives
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Abu Dhabi: The world’s first dedicated artificial intelligence (AI) university in Abu Dhabi will help to meet with future job demand in the AI sector, said leading UAE based business executives in technology. Announced on Wednesday, the Mohammad Bin Zayed University of Artificial Intelligence (MBZUAI) will be based in Abu Dhabi’s Masdar City, and will […]
In the first episode of the Arabian Business Enterprise Innovators Series, in association with UPS, we go inside the region’s first robotic warehouse in Dubai, to see what innovations it is using to address the fast-growing demand from the e-commerce sector in Dubai
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Nook is the region’s first dedicated co-working space focused on helping sports and wellness entrepreneurs set up their own business with permission to issue up to 200 trade licenses across 40 different trading activities. Ravi Bhusari, Co-founder of Nook and Duplays, talks about fitness and business in Dubai: “I think the talent pool is growing. […]
LONDON, WASHINGTON: Facebook’s plans to launch its Libra cryptocurrency faced a new hurdle on Thursday when the Group of Seven wealthy nations said such “stablecoins” should not be allowed to launch until the profound international risks they pose are addressed. When launched on a wide scale, stablecoins — digital currencies usually backed by traditional money […]
ABU DHABI: A total of 79,224 business licences were renewed in 2018 in Abu Dhabi in yet a new testament to the investment-conducive environment boasted by the emirate, according to figures released by the Statistics Centre — Abu Dhabi. According to SCAD’s data, the number of new business licences registered last year amounted to11,249 while […]
BEIJING: China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising US trade war hit factory production, boosting the case for Beijing to roll out fresh support. Gross domestic product (GDP) rose just 6.0 per cent year-on-year, marking a further loss of momentum for the […]