“Workers are delivering more, and they’re getting a lot less,” argued former Vice President Joe Biden in a speech at the Brookings Institution this summer. “There’s no correlation now between productivity and wages.” Senator Elizabeth Warren, a Democratic presidential rival, agrees. Her campaign website states that “wages have largely stagnated,” even though “worker productivity has […]

By Daniel Moss New Delhi (Bloomberg): India’s economy lost its sheen this year. As it stumbles through a deep slowdown and a credit crisis, the country has gone from being hailed as a colossus-in-waiting to placing among the also-rans. Rarely has a major economy had such a humbling turn in fortunes. In the third quarter, […]

Dubai: The UAE economy is expected to keep up the momentum through 2020, according to the latest forecast by the International Monetary Fund (IMF) and the Institute of International Finance (IIF). In its latest World Economic Outlook, the International Monetary Fund (IMF) has forecast the UAE’s GDP growth at 1.6 per cent and 2.5 per […]

Mohammed bin Salman bin Abdul Aziz, Saudi Crown Prince, Deputy Prime Minister and Minister of Defence, came in second.

Surprise sales to be announced during the 25th Dubai Shopping Festival.

Hundreds of thousands of spectators witnessed the 13-minute long fireworks.

ITC, Ras Al Khaimah Transport Authority launch new bus service.

New Delhi: India is planning another wave of reforms aimed at turning around its struggling power retailers. The initiative is still under consideration, a power ministry spokeswoman said Tuesday, declining to provide details. The reforms could cost as much as Rs2.5 trillion (Dh128 billion or $35 billion) over five years, according to people with knowledge […]

Thousands of revelers were treated to a spectacular riot of colours in the sky when fireworks exploded during the New Year’s Eve celebrations.

The proposal was beamed on the Burj Khalifa hours before the world’s tallest tower begins its iconic annual fireworks and laser show.