China factory prices falter, inflation nears 8-year high

Beijing: China’s producer prices fell the most in more than three years in October, as the manufacturing sector weakened on declining demand and a knock from the Sino-US tariff war, reinforcing the case for Beijing to keep the stimulus coming. The producer price index (PPI), seen as a key indicator of corporate profitability, fell 1.6 […]

Emirates opens first remote check-in terminal in Dubai for cruise passengers

Dubai: Emirates’ first remote check-in terminal, outside of the airport, was opened on Monday to provide seamless connections for cruise passengers. The Emirates check-in counters, located at Port Rashid, will allow passengers who are disembarking from their cruise ships to check in for their onward Emirates flight at the same facility. The new service will […]

Dubai’s property developer Emaar records Dh1.3 billion net profit in third quarter

Dubai: Emaar Properties on Sunday announced a net profit of Dh1.3 billion during the third quarter of 2019, representing a 20 per cent increased compared to the same period last year. The group’s revenue during the third quarter also saw an increase of 14 per cent with Dh6 billion recorded compared to 2018. Property sales […]

Apple co-founder says Apple Card algorithm gave wife lower credit limit

Apple Inc (AAPL.O) co-founder Steve Wozniak joined in the online debate over accusations of gender discrimination by the algorithm behind the iPhone maker’s credit card, fuelling scrutiny of the newly launched Apple Card. The criticism started on Thursday, after entrepreneur David Heinemeier Hansson railed against the Apple Card in a series of Twitter posts, saying […]