For business, China’s virus fans fear and uncertainty

Beijing: China’s worst health crisis in years has sparked fear and uncertainty for businesses from North America to Asia that depend on trade in the affected region. Experts say it’s too soon to know how disruptive the crisis will prove. But it’s already having an impact. McDonald’s has shuttered restaurants in five Chinese cities, including […]

Too many teenagers want to become lawyers or managers

Teenagers aren’t being imaginative enough with their ambitions as they aspire to a shortlist of 20th-century occupations in their future careers, according to the OECD. Huge changes in the world of work — driven by developments in technology and social media — are having too little impact on the job expectations of young people, according […]

India economy sees partial ‘animal spirits’

Mumbai (Bloomberg): India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December. The needle on a gauge measuring so-called “animal spirits” signalled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked […]

UK to use high tariff threat in trade negotiations

London: British Prime Minister Boris Johnson is mulling to use the threat of high tariffs to raise pressure on the European Union, the United States and other nations to strike trade deals with Britain, The Times newspaper reported on Saturday. Johnson and his cabinet ministers discussed using tariffs as “leverage” in an effort to accelerate […]

Lebanon’s pound gets a respite for now

Beirut: The sharp slide of the Lebanese pound seems to have been arrested for now after a grouping of currency exchange houses set it at 2,000 pounds to the dollar. This after weeks of volatility during which it ranged between 2,000-2,500 to the dollar, a period during which there was acute political and monetary uncertainty […]

Sources: First Abu Dhabi Bank in talks to buy Egyptian unit of Lebanon’s Bank Audi

DUBAI: UAE’s largest lender First Abu Dhabi Bank (FAB) is in talks to potentially acquire the Egyptian subsidiary of Lebanon’s Bank Audi, two sources familiar with the matter told Reuters. Discussions are at an early stage, the sources said, speaking on conditions of anonymity because the matter is not public. FAB and Bank Audi did […]