New York: Federal Reserve Chairman Jerome Powell has cautioned against the need for an interest-rate cut. A record of the US central bank’s most recent meeting could reveal if policymakers in fact discussed that option. Minutes of the Federal Open Market Committee’s April 30-May 1 gathering will be released at 2pm on Wednesday in Washington. Officials […]
Hong Kong: Looking for a bump in salary and lifestyle? Then try San Francisco. The US west coast city has soared up the rankings to dislodge Zurich for the highest salaries and disposable income after rent, according to Deutsche Bank’s ‘Mapping the World’s Prices 2019.’ Over the past five years alone, San Francisco has risen […]
Dubai: Since its $13.6 billion (Dh49.95 billion) acquisition of Starwood Hotels and Resorts in 2016, Marriott International has primarily focused on two things: The introduction of its new loyalty programme, and the rejuvenation of one of Startwood’s most important brands: Sheraton Hotels. That is according to Indy Adenaw, vice-president and global brand leader of Sheraton. […]
New Delhi: Air India on Wednesday announced that various new flights would begin from next month on domestic as well as international routes in order to meet heavy demand of seats during the summer vacation. The national carrier said it will offer additional 3,500 seats per week on Mumbai-Dubai-Mumbai route from June 1. Moreover, it […]
Washington/Chicago: The Trump administration is considering direct payments to US farmers of $2 (Dh7.35) per bushel for soybeans as part of an aid package to offset the trade war with China, Bloomberg reported on Tuesday, an offer that could encourage more soy planting despite record supplies. China is the world’s top soybean importer, and for […]
Bern: Switzerland approved an overhaul of the corporate tax code, choosing to stay an attractive base for companies like Procter & Gamble, Vitol SA and Caterpillar Inc. even at the expense of a short-term drop in fiscal revenue. Voters supported the change, according to an initial projection published by Swiss television SRF. A poll by […]
Crown Prince of Dubai and Chairman of Dubai Sports Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al More…
International money transfer company TransferWise Ltd. said it’s valued at $3.5 billion following a secondary share offering. Funds managed by BlackRock Inc. joined in the $292 million investment round in the London-based company, which was led by Lead Edge Capital, along with Lone Pine Capital and Vitruvian Partners, TransferWise said in a statement. Existing investors […]
This year, 11 women in the age group of 32 to 52 tested positive for breast cancer during the ninth annual Pink Caravan More…
The Federal National Council, FNC, approved a draft federal law related to senior citizens, during the 16th meeting of More…