US to impose $1.3b tariffs on French goods in response to Tech Tax

Washington: The Trump administration on Friday said it would impose new tariffs on $1.3 billion worth of French goods, including cosmetics, soap and handbags, in retaliation for a French tax that largely hits American technology companies, escalating a trade dispute that threatens to further damage the global economy. Notably absent from the tariff list, published […]

Etihad launches local content programme for suppliers

Abu Dhabi: Etihad Aviation Group has announced the launch of its new Al Watani programme, a new local content programme for suppliers who would like to partner with the national airline of the UAE to provide their products and services. To be eligible, suppliers must demonstrate their active contribution to the UAE’s market by having […]

IMF urges fiscal caution as global debt surges to record

Washington: The International Monetary Fund urged governments to exercise fiscal caution as they borrow more to support economies hit by the Covid-19 pandemic, saying debt levels could soar to a record this year. “The need for continued fiscal support is clear, but this begs the question of how countries can finance it without debt becoming […]

Disney World reopens as WHO urges virus caution

Orlando: Florida’s Walt Disney World theme park reopened Saturday in a state hard hit by the coronavirus, as the World Health Organization issued a fresh warning that countries should step up pandemic restrictions. Hundreds of people in face masks and some in red Mickey Mouse ears queued to enter the Magic Kingdom, with social distancing […]

Ex-Nissan boss Ghosn says helping everyone who stood by him

Beirut: Former Nissan Motor chairman Carlos Ghosn is helping everyone who stood by him, he said in an interview broadcast on Saturday, though he declined to comment on cases of people accused of helping him flee to Lebanon from Japan. Ghosn, the ex-chairman of an automaking alliance of Renault SA, Nissan Motor Co and Mitsubishi […]

Saudi Arabia turns COVID-19 crisis into opportunities, invests 2.2b in industry

Abu Dhabi: Experts said Saudi Arabia is witnessing a significant development and economic transformation, and the development of the industrial sector has become one of the priorities the government seeks to achieve, Saudi media reported. Experts said new data issued by the Ministry of Industry and Mineral Resources revealed the number of new licenses for […]