China’s Xinhua warns of ‘new uncertainties’ in US talks

Beijing: There could be “new uncertainties” in the final stage of the China-US trade negotiations and China should do its best while preparing for the worst, according to a commentary by the Chinese state news agency Xinhua. “Trade talks will be harder at the final stage, and new uncertainties can’t be ruled out. There needs […]

Abu Dhabi Islamic Bank appoints new CEO

ABU DHABI: Abu Dhabi Islamic Bank’s, ADIB, Board of Directors Monday announced the appointment of Mazin Manna as ADIB’s new Group Chief Executive Officer, after obtaining UAE Central Bank approval. Mazin Manna — a graduate of the London School of Economics and Political Science — brings 28 years of experience in international banking, with deep […]

Most economists see US recession by 2021, survey shows

New York: More than three-quarters of business economists expect the US to enter a recession by the end of 2021, though a majority still estimate the Federal Reserve will continue raising interest rates this year. Ten per cent saw a recession beginning this year, 42 per cent project one next year, while 25 per cent […]

Trump delays tariff hike on Chinese goods

Washington: President Donald Trump said on Sunday he would delay an increase in US tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued. The announcement was the clearest sign yet that China and the United States are closing […]