London: It wasn’t just the great British public that was desperate to finish off Brexit. Europe too, it appears, is keen to move on. Brexit marks the first time the post-war European alliance has lost a member, and one of its three largest economies to boot. Yet the emphasis was very much on the challenges […]
Washington: The US Federal Reserve held its policy interest rate steady on Wednesday, but again said it is monitoring “global developments” to decide its next move. Fed Chairman Jerome Powell said however that while the global economy seems to have stabilized, the deadly virus outbreak in China presents a potential risk. The SARS-like outbreak in […]
Shanghai: China’s central bank said it will use various monetary policy tools to ensure liquidity remains reasonably ample, and added that the broader economic impact from a fast-spreading coronavirus outbreak in the country should be temporary. In multiple statements issued on Saturday afternoon, the People’s Bank of China (PBOC) said that it will appropriately lower […]
Mark Bowker, senior analyst at ESG, said younger workers are not accustomed to working with a cookie-cutter : a piece of PC hardware …
… Zone (RAKEZ), a free zone based in the Emirate of Ras Al Khaimah, has partnered with Trade License Zone, a one-stop-shop for in …
Beirut: The Lebanese government has received a central bank circular aimed at regulating relationships between banks and their customers and will study and decide on it within days, Finance Minister Ghazi Wazni told broadcaster LBC on Saturday. Lebanese banks, seeking to prevent capital flight, have been tightly controlling access to deposits and blocking most transfers […]
Seoul (Reuters): South Korean exports suffered a sharper contraction in January, falling for a 14th straight month as worsening sentiment over the new coronavirus and the effect from fewer working days outweighed improving global demand for semiconductors. Overseas sales tumbled 6.1 per cent at the first month of 2020 from a year earlier, trade ministry […]
Dubai: A circular issued by the Indian Finance Ministry has raised concerns about the NRI (non-resident Indian) status. The proposed circular simply means that NRIs outside India could lose his status if he or she resides in India for 120 days at a stretch, instead of the current 180-day stipulation. What does the circular mean? […]
Ministry said that there is no cause for concern.
Berlin: BMW AG has delayed work on the next version of a Mini model due to uncertainties over the UK’s trade relations with the European Union. The German automaker has extended the lifespan of the platform that underpins the Mini hatch for cost reasons and because of Brexit, according to a spokesman. Reuters reported the […]