Pound rally forecasts pegged to Brexit deal may be too optimistic

London: Analysts expecting the pound to rally more than 5 per cent on a market-friendly Brexit resolution may be too optimistic. Some see the pound rising toward $1.40 by the end of June on anticipation that the UK will opt for a softer Brexit, or even cancel it. While Parliament taking greater control of the […]

Singapore backs lab-grown meat, robots

Singapore: Singapore will allocate S$724 million (Dh1.97 billion; $535 million) under a current plan to transform its economy into one that relies more on fields such as research and on companies that create new markets and jobs. The additional investment includes S$500 million for digital technologies such as artificial intelligence, super-computing and robotics under the […]

Stimulus packages drive non-oil growth: FCCI

Sharjah: Recent stimulus packages have significantly contributed to growing the non-oil private sector across the country, according to the chief of the UAE Federation of UAE Chambers of Commerce and Industry (FCCI). Addressing a joint meeting of the FCCI General Secretariat and Directors of the Chambers of Commerce, Humaid Mohammad Bin Salim, FCCI Secretary-General, expected […]

US, China hold ‘constructive’ trade talks in Beijing

Beijing: US officials held “constructive” talks in Beijing, Treasury Secretary Steven Mnuchin said on Friday, concluding the latest round of dialogue with China aimed at resolving the bitter trade dispute between the world’s two largest economies. Mnuchin and US Trade Representative Robert Lighthizer were in the Chinese capital for the first face-to-face meetings between the […]