Jack Welch, corporate America’s ‘manager of the century,’ dies at 84

Jack Welch, the hard-charging former head of General Electric who transformed his company and corporate America with his ruthless attention to the bottom line, died March 1 at 84. The cause was renal failure, said family spokeswoman Abby Whalen. She did not say where he died. The hallmarks of Welch’s tenure during the 1980s and […]

Shell Markets Middle East signs distribution agreement with Gulf Mechanical Engineers and Suppliers (Al Hathboor Group) in UA

Dubai : Shell Markets Middle East is proud to announce it has signed a distribution agreement with Gulf Mechanical Engineers and Suppliers (Al Hathboor Group) for the industrial lubricants covering Dubai and Northern Emirates. The partnership was announced at a signing ceremony held on January 27 2020 between Shell Lubricants General Manager, Azmat Jafri and Al […]

GCC bank profits, credit quality face risk from virus

Dubai: Banks and financial institutions across the Gulf Cooperation Council (GCC) are expected to experience relatively muted direct impact of the coronavirus in China, according to rating agency Standard & Poor’s (S&P). “We expect the impact of the new coronavirus on banks to be low, and come indirectly through the overall impact on GCC economies, […]

Berlin ITB trade fair cancelled due to coronavirus

Berlin: Germany’s ITB Tourism Fair has been cancelled due to the spread of the coronavirus, organisers Messe Berlin GmbH said on Friday. The fair was due to take place next week, with around 10,000 exhibitors scheduled to attend. It was called off following advice from Berlin’s health and economics ministries, and after its health authority […]

Apple agrees to $500m deal in iPhone-slowing suit

San Francisco: Apple has agreed to pay up to $500 million (Dh1.8 billion) to settle a class-action lawsuit over claims it covertly slowed older iPhones to get users to upgrade. A federal judge in California presiding over a group of lawsuits will be asked to approve the proposed settlement at a hearing in early April, […]