Mumbai: The Indian rupee appreciated by 18 paise to 71.78 against the US dollar in early trade on Friday as gains in domestic equity market and weakening of the American currency vis-a-vis other currencies overseas strengthened investor sentiments. At the interbank foreign exchange the rupee opened at 71.80 then gained further ground and touched a […]
Hong Kong: Hong Kong revised down its estimate for economic growth this year as political unrest grips the city, with the government now forecasting the first annual contraction since the global financial crisis a decade ago. Gross domestic product will contract 1.3 per cent in 2019 from the previous year, the government said on Friday […]
The cop was killed on duty while he was clearing traffic at a tunnel.
Weather alert issued for Saturday evening.
KHARTOUM: Sudan said Thursday it would receive a $305 million loan from an Arab fund to help tackle the country’s worsening economic crisis led by soaring food prices and foreign currency shortage. Sudan’s economic woes had led to nationwide protests that resulted in the ouster of Omar al-Bashir in April. On Thursday a delegation from […]
The initiative will honour both national and international personalities of tolerance.
The weather conditions are also expected to reduce visibility.
Nilesh Karani was a year old when his parents brought him to Dubai in 1967. His father ran a small pen store in Meena Bazaar which he started in 1965, a year before Nilesh was born. But when it came to a career choice, Nilesh chose to ditch his father’s line of business and joined a […]
New Delhi: ArcelorMittal won approval from India’s top court to complete its $5.8 billion purchase of a bankrupt steel mill, clearing the way for tycoon Lakshmi Mittal to enter the world’s second-biggest market for the metal. The Supreme Court allowed Arcelor to pay creditors for Essar Steel India Ltd and scrapped a bankruptcy appellate tribunal’s […]
New York: Apple Inc received a rare bear call on Thursday, after the company was downgraded to sell from hold at Maxim Group, which cited the potential for lower iPhone revenue over the next year. Analyst Nehal Chokshi forecast weakness in both unit sales and average selling prices, citing an analysis of a proprietary survey. […]