NEW YORK: The dollar slid to a six-month low on Tuesday as progress on US-China trade tensions led investors to higher-risk assets, while a year-end rally that pushed global equity markets to record highs petered out on the last trading day of 2019. The year was remarkable for investors, as many equity indices, long-term bonds, […]
New Delhi: India will “struggle” to achieve 5 per cent GDP growth in 2020 as the significant deceleration in past few quarters was largely owing to credit squeeze which is a cyclical problem, said noted American economist Steve Hanke. Hanke, who currently teaches applied economics at Johns Hopkins University (USA), pointed out that India experienced […]
The airport was hit in a volley of missiles just after midnight.
HONG KONG: For Huawei, it has been a year of lawsuits, blacklists, diplomatic fights, spying accusations and, most recently, viral anger from the Chinese internet. Through it all, the company posted solid growth, its deputy chairman Eric Xu said Tuesday. In a year-end note, Xu said the company’s sales in 2019 increased an estimated 18% […]
Istanbul: Turkish Airlines said on Tuesday that it has reached a partial agreement with Boeing over compensation for damages caused by the grounding of the airline’s Boeing 737 Max jets. The airline did not disclose financial terms of the agreement. Between 2013 and 2015, Turkish Airlines ordered 75 Max jets. It received only 12 before […]
Tokyo – Japanese prosecutors raided the Tokyo home of former Nissan Chairman Carlos Ghosn after he skipped bail before a trial on financial misconduct charges and left for Lebanon. Tokyo prosecutors and police did not immediately comment Thursday. Japanese media reported and showed photos of the raid. Government offices are closed this week for the […]
Dubai: An increase in awareness about the urgent need to address climate change and cut carbon emissions is propelling demand for e-scooters, and is only expected to gain traction. Lime, the operator of electric scooters in various cities across the world, said its users are growing more conscious of the environmental toll from cars, and […]
Abu Dhabi: After a challenging 2019 for the property market, property developer Seven Tides, which specialises in upscale residential and hospitality developments, expects 2020 to be a more positive year for the sector with confidence coming back according to its chief executive officer Abdulla Bin Sulayem. “I firmly believe that we will start to see […]
The Crown Prince of Abu Dhabi visited Pakistan on January 2.
Vehicles that haven’t registered won’t be fined for passing through the gates during off-peak hours.