Dubai: There aren’t that many job vacancies right now – but be prepared for a 15-20 per cent cut in salary expectations even for those positions that are still open. Businesses in the UAE are definitely not in a generous mood when it comes to hiring, with salary cuts now part of the new normal. […]
Residents are strongly advised to avoid public gatherings, including family gatherings, to ensure the health and safety of all.
The ministry has sounded caution about the illegal ways tobacco companies use to promote E-cigarettes as less harmful products.
New York: Warner Music Group Inc is hoping to strike a stronger chord on Wall Street as the company that represents musicians including Lizzo and Ed Sheeran readies for its public debut. When Warner Music filed to go public in early February, its equity story was wrapped up in music streaming as a key source […]
London: British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys that have shown a small improvement since the initial shock of the coronavirus lockdown. Lloyds said its monthly business barometer dropped to -33, matching the historic low set […]
PARIS: Carmaker Renault said on Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis. The company will target savings of more than two billion euros (Dh8.1 billion, $2.2 billion) over three years and turn […]
The Dubai Awqaf has put up circulars at mosques listing new guidelines for when worshippers return.
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New York: Millions more Americans filed for unemployment benefits last week to bring the two-and-a-half month total during the coronavirus pandemic to above 40 million, signaling economic pain is deepening despite a gradual reopening of business across the country. Initial jobless claims for regular state programmes totaled 2.12 million in the week ended May 23, […]
WASHINGTON: The US economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter. The Commerce Department reported on Thursday that the gross domestic product, the broadest measure of economic health, fell at an […]