US to put tariffs on Europe planes, beverages after WTO ruling

Washington: The price of beverages, cheese and other European exports is about to go up in the US after the Trump administration announced new tariffs on billions of dollars of EU products starting October 18. President Donald Trump got the go-ahead from the World Trade Organisation on Wednesday to impose tariffs on as much as […]

WTO: US can put $7.5b in tariffs on European Union goods for Airbus case

GENEVA: The World Trade Organisation says the United States can impose tariffs on up to $7.5 billion worth of goods from the European Union as retaliation for illegal subsidies that the bloc gave to plane-maker Airbus — a record award from the trade body. The move green-lights the Trump administration to slap countermeasures on the […]

UK economy headed for recession after services shrink unexpectedly — PMI

London: Britain’s economy appears to have tipped into recession as firms brace for the risk of a disruptive Brexit in just a few weeks’ time, according to a survey which showed the dominant services sector took an unexpectedly sharp downturn last month. Prime Minister Boris Johnson has promised to take Britain out of the European […]

Dr. Sanjay Paithankar: This multi-millionaire Indian doctor in UAE charges only Dh30 for consultation

Dr. Sanjay Paithankar, 59, initially came to the UAE with a dream to build a hospital back home in India. Fate, however, had different plans and Dr. Paithankar stayed back – ultimately changing the face of affordable health care in the country. The year was 1988. Fast forward to 2019 and 31 years later, Dr. […]

US negotiating with India on special trade privilege

NEW DELHI: The United States does not believe that India is eligible for the grant of a special trade privilege but is renegotiating its terms after revoking the status earlier this year, US Secretary of Commerce Wilbur Ross told Reuters on Thursday. Citing lack of reciprocal market access, the United States stripped India from the […]

Saudi business conditions improved in September

Dubai: Saudi Arabia’s Purchasing Managers’ Index (PMI) rose to 57.3 in September from 57 in August, indicating a sustained improvement in business conditions across Saudi Arabia’s non-oil private sector for three months. Latest data showed output expanded at the fastest pace since December 2017, enabling firms to take on additional staff at the most marked […]

ENOC unveils its pavilion at Expo 2020 Dubai as visitors will be taken on journey to ‘reimagine energy’

Dubai: ENOC Group on Thursday unveiled its plans to present one of the most compelling pavilions at the Expo 2020 Dubai, designed to inspire and intrigue visitors over the six-month mega event, which opens on 20 October 2020. Uniquely conceptualised, the pavilion will underline ENOC’s industry leadership through the overarching theme, ‘Reimagine Energy.’ Saif Humaid […]