Beirut: Former Nissan boss Carlos Ghosn will give a hotly awaited press conference in Lebanon on Wednesday, his spokesman said, offering clarity on his recent flight from Japan. Since arriving in his native Lebanon after skipping bail in Japan almost a week ago, the 65-year-old businessman has given few media statements. The circumstances of his […]
Gold is almost guaranteed to record losses in the next two weeks, if history is any guide. The 14-day Relative Strength Index for the yellow metal soared to 86 on Monday, well above the level of 70 that typically suggests securities are overbought. Previously, there have been only three times since 2000 when the RSI […]
Samsung Electronics Co.’s experimental research arm has brought to CES 2020 a demonstration of what it calls the world’s first artificial human, a virtual simulation of a human intelligence that learns, converses and sympathizes like a regular person. Each simulated human – which would exist only on screens, not in the real world – would […]
American Airlines Group Inc. has reached a settlement with Boeing Co. over last year’s financial blow from the 737 Max grounding, and the carrier said it would share about $30 million of the proceeds with employees. The companies are still in talks over compensation for damages beyond 2019, American said in a statement Monday. The […]
Abu Dhabi: The escalation in US-Iran tensions could see oil prices rising over the next week with fears of a wider conflict breaking out between the two countries, analysts said. Oil markets on Friday closed with Brent trading at $68.60 and West Texas Intermediate (WTI) on $63.05, with both benchmarks closing on a fifth straight […]
Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers. At least five buyers from China to India said the loss of Iraqi barrels would be particularly challenging because of already-tight supplies of the quality […]
New Delhi: Indian companies have started the year with more debt offerings overseas, after record issuance in 2019 driven by stronger borrowers turning abroad as local credit markets struggled. The firms sold a record $22 billion of notes overseas in 2019. Yield-hungry global investors have been betting that the kind of higher-rated Indian issuers that […]
Los Angeles: Citigroup Inc. plans to recruit 2,500 programmers this year for the unit that houses its traders and investment bankers, bulking up on coders and data scientists as technology reshapes the business. Roughly three-quarters of the company’s trade orders last year were electronic, according to Stuart Riley, global head of operations and technology for […]
Brand Dubai, the creative arm of the Government of Dubai Media Office, has signed a Memorandum of Understanding (MoU) More…
Apple Inc. Chief Executive Officer Tim Cook made $125 million in the company’s 2019 fiscal year, less than the year before due in part to a lower bonus. Cook got a $3 million salary, a $7.7 million bonus and $884,466 in perks and other compensation in the latest period, the Cupertino, California-based technology giant said […]