Thunberg slams Davos elites on climate as Trump takes stage

DAVOS: Young climate activists including Swedish teenager Greta Thunberg told business and political elites gathered Tuesday at the World Economic Forum that they aren’t doing enough to tackle the climate emergency and warned them that time was running out. At a panel in the Swiss ski resort of Davos, climate campaigners expressed hope that their […]

IMF’s Gopinath projects economic recovery for India in 2020-21

New Delhi: The International Monetary Fund, which sharply cut India’s growth rate, is projecting a recovery in 2020-21, the organisation’s Chief Economist Gita Gopinath said on Monday. The recovery “should come from the monetary stimulus that has been put in the system and some of it from the corporate tax cut,” she said at a […]

Trump takes veiled swipe at environmental ‘alarmists’ in Davos

President Donald Trump launched a veiled attack on environmental “alarmists” in a speech to business and political leaders in Davos, taking a swipe at the World Economic Forum’s key focus this year. Speaking at the Swiss resort town on Tuesday, Trump invoked those who predicted an “overpopulation crisis” and the end of oil, saying: “These […]

Mohammed Ibrahim Al Shaibani takes over as Nakheel Chairman

Dubai: Nakheel will have a new chairman following confirmation that Ali Rashid Lootah, the incumbent, is stepping down. Lootah will assume a new position on the board of Dubai World at the invite of Sheikh Ahmed bin Saeed Al Maktoum. The Dubai master-developer also announced a set of changes to its board with the addition […]