French jobless rate falls to near 10-year low

Paris: France’s unemployment rate fell unexpectedly at the end of last year to its lowest level since the start of 2009, data published by the INSEE national statistics office on Thursday showed. The jobless rate fell to 8.8 per cent from 9.1 per cent in the previous quarter, the lowest level since the first quarter […]

China’s trade surplus with US narrows in January

BEIJING: China’s trade surplus with the US narrowed in January even as its American imports continued to plunge, official data released on Thursday showed, as officials from the world’s top two economies sat down for crucial trade talks in Beijing. China’s exports across the Pacific fell more than 2 per cent in January from a […]

Jet Airways approves lenders’ rescue deal

Mumbai: The board of Jet Airways Ltd has approved a plan by its lenders to resolve a near Rs85 billion (Dh4.41 billion, $1.19 billion) funding gap, which will make them the largest shareholders of India’s biggest full-service carrier, Jet said on Thursday. Jet, saddled with over $1 billion in debt, had a rough 2018 as […]

Tawazun announces Dh2.5b defence fund

Abu Dhabi: The Tawazun Economic Council on Wednesday announced the launch of its Defence and Security Development Fund with capital of Dh2.5 billion ($680 million). A statement from Tawazun, the government agency responsible for economic diversification efforts, said the fund will “unveil key financing and investment programmes” at IDEX 2019, which starts on Sunday. Tareq […]