Germany should quit coal by 2038, Merkel commission says

Berlin: German Chancellor Angela Merkel’s coal commission will propose quitting the dirtiest fossil fuel in two decades, the latest step in the country’s tumultuous transition to renewable energy. The commission, appointed by Merkel to set a road map for Germany’s exit from coal, recommends the nation should quit coal by 2038 at the latest, with […]

It’s a cruel world for UK companies weighing no-deal Brexit

London It was Airbus SE and clothing designer Burberry Group Plc last week. Rarely a day passes in Britain without another corporate warning about the perils of leaving the European Union without an agreement. While the focus has been on trade with the EU, the problem is that what’s become known as a “no-deal Brexit” […]

Saudi Arabia seeks to attract $427b with industrial programme

RIYADH Saudi Arabia aims to attract investment worth 1.6 trillion riyals ($427 billion) in the next decade through an industrial development programme aimed at diversifying the economy, Energy Minister Khalid Al Falih said on Saturday. Crown Prince Mohammad Bin Salman, who is behind reforms known as Vision 2030, will present details of the infrastructure plan […]

US economic data to trickle in gradually as government reopens

Washington, D.C.: US economy-watchers can hope to regain access to key data after President Donald Trump agreed to reopen the government, though the delayed releases will probably come in fits and starts over several weeks. Reports on gross domestic product, consumer spending, housing and trade — among the ones postponed or that are still likely […]

Carlos takes the quiet route out of Renault

Dubai: By Carlos Ghosn’s standards, there was not much of sound and fury — or even a hint of drama — in his latest exit from the top position at one of the world’s leading carmakers. His tenure as chairman and CEO of Renault ended with him tendering a simple resignation, confirmed to the world […]