The motorist fled the scene after hitting a cyclist on the Etihad road.

BERLIN: German consumers are slightly more pessimistic heading into January, a key survey found Friday, as fears mount that a global slowdown could trigger job losses in the export-driven powerhouse. The GfK institute’s forward-looking consumer confidence barometer dipped to 9.6 points, down from 9.7 for December, the pollster said in a statement. The survey of […]

Washington: President Donald Trump touted a “very good talk” Friday with Xi Jinping on a deal to resolve their trade war, while Chinese media said Xi had complained about US interference in Hong Kong and elsewhere. Trump tweeted that China “already started large scale” increases in purchases of US farm goods, in line with the […]

Dubai: UAE’s NMC Health responded in detail and rebuffed US short-seller Muddy Waters’ scathing attack from earlier this week, but investors were unconvinced as shares continued to spiral downward. On Tuesday, American short-seller Carson Block’s Muddy Waters raised “serious doubts” about the company’s accounts, questioning the group’s asset values and cash balance. NMC listed out […]

More than three years since Britain voted to exit the EU in a 2016 referendum.

Abu Dhabi: Abu Dhabi’s sovereign wealth fund Mubadala is placing a bet on the growing demand for food delivery platforms with an investment in Spanish startup Glovo. Mubadala was the lead investor in Glovo’s 150 million euro ($167 million) funding round closed Wednesday, according to a statement, bringing its valuation to over $1 billion. Other […]

WASHINGTON: US economic growth nudged up in the third quarter, the government confirmed on Friday, and there are signs the economy more or less maintained the moderate pace of expansion as the year ended, supported by a strong labour market. Gross domestic product increased at a 2.1 per cent annualised rate, the Commerce Department said […]

London: The UK economy grew more strongly than previously estimated in the third quarter on the back of the dominant services sector, figures published Friday showed. Gross domestic product rose 0.4 per cent instead of 0.3 per cent, the Office for National Statistics said. Economists had expected growth to remain unrevised. It means the economy […]

New York: Morgan Stanley Infrastructure Partners raised $5.5 billion for its latest fund, exceeding an original target of $4 billion after a flood of investor demand, chief investment officer Markus Hottenrott said in an interview. After kicking off fund-raising late last year, the vehicle, known as North Haven Infrastructure Partners III, ended up lifting its […]

Washington: US lawmakers in the House of Representatives on Thursday approved a new continental free trade agreement, advancing a central plank in President Donald Trump’s trade agenda even as he faces impeachment. A law to implement the new US-Mexico-Canada Agreement passed by an overwhelming bipartisan majority — an unusual occurrence in the current political atmosphere […]