Tokyo: Prosecutors have re-arrested former Nissan boss Carlos Ghosn over fresh allegations of breach of trust, local media said Friday, in the latest twist to a rollercoaster saga. Public broadcaster NHK and local news agency Jiji said Ghosn had been arrested on suspicion of “aggravated breach of trust”, putting into question hopes of a potential […]
Dubai: A rise in protectionism around the world is likely to make the next financial crisis more difficult to both handle and recover from than the Great Recession in 2008, experts said in Dubai on Wednesday. Jack Lew, former United States secretary of treasury, said that governments are now focusing on more domestic matters rather […]
Alphabet Inc’s Google said on Monday that it is investing over $1 billion (Dh3.67 billion) to establish a new campus in New York city, as it expands its presence in the city’s technology corridor along the Hudson River. The new leased campus, which is over 1.7 million square-foot, will be the primary location for Google’s […]
Dubai: Ending several months of speculation, Reserve Bank of India (RBI) governor Urjit Patel on Monday resigned from the post citing personal reasons. “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India […]
Mohammed Issaq, from Kerala ran away from his employer when they were in Abu Dhabi two weeks ago.
Logistics is both the art and science of moving goods, services and information into and out of an organisation. In business, it encompasses aspects of the supply chain involving inventory management and the transport of goods. Any type of organisation can experience great benefits from getting to grips with logistics and managing it more efficiently […]
Abu Dhabi: UAE Central Bank governor Mubarak Rashid Al Mansouri said on Wednesday that it has started working with Saudi Arabia on a digital currency to speed up financial transactions between the two countries. “Central Bank of the UAE in cooperation with Saudi Arabian Monetary Authority (SAMA) is working on a unique project based on […]
GENEVA: The United States said on Monday that China’s “unfair competitive practices” were harming foreign companies and workers in a way that violates World Trade Organization (WTO) rules, but vowed to lead reform efforts. US trade ambassador Dennis Shea drew fire from Chinese envoy Zhang Xiangchen who said the Trump administration’s tariffs on steel and […]
Dubai: Saudi Arabia on Tuesday unveiled its 2019 budget, revealing a record high spending plan of 1.11 trillion Saudi riyals ($295 billion; Dh1.07 trillion), targeted at boosting the country’s growth. The government expects revenue to increase by more than 9 per cent to touch $260 billion against a projected deficit of $35 billion. Figures in […]
Halfway through Donald Trump’s first term, it’s getting easier to piece together an account of how his policies are supposed to drive economic growth. And the economy is, in fact, expanding pretty fast — but not necessarily for the reasons Trump said it would. The president promised to squeeze more American growth out of businesses […]