Best place for expats: 73% of foreigners in UAE earn more than in their home country

Dubai: Everyone desires to move abroad in search of greener pastures or higher income. But deciding where to start a new life overseas can be a daunting task. To help steer would-be expatriates in the right direction, HSBC has come up with a study to reveal the best countries that offer the highest salaries. After […]

PG&E says it is preparing Chapter 11 bankruptcy filing

Los Angeles: PG&E Corp, the California power utility facing potentially crushing liabilities linked to catastrophic wildfires in that state from 2017 and 2018, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses. PG&E is reeling from the November Camp fire that swept through the California mountain community […]

German economy posts weakest growth in five years

BERLIN: The German economy grew by 1.5 per cent in 2018, the weakest rate in five years and markedly slower than the previous year, preliminary data showed on Tuesday, in a sign that exporters in Europe’s largest economy are being hit by trade tensions. German companies are struggling with a cooling of the global economy […]

US will fail to release key economic report

The US growth outlook hangs more than ever on American consumers’ resilience amid stock-market swoons and trade-war tensions, but key data on their spending — the biggest part of the economy — will be missing due to the government shutdown. Was it a gangbusters Christmas shopping season as forecasts and anecdotal evidence suggested? Were consumers […]

Ad giant Omnicom Group’s FleishmanHillard folded in to Impact BBDO

Dubai: The public relations agency FleishmanHillard has folded its Middle East business into Impact BBDO, the parent company of fellow communications firm Impact Porter Novelli (IPN). Both owned by Omnicom Group, one of the largest media conglomerates in the world, the two firms previously operated independent of one another. Now, FleishmanHillard has confirmed to Gulf […]

As Elon Musk cuts staff at one of his companies, another says it’s hiring

San Francisco: SpaceX workers affected by company-wide job cuts could check out another employer that’s hiring right across the street. On the same day Elon Musk’s rocket company was preparing to pare its ranks, the billionaire’s tunnelling start-up, Boring Co, posted a tweet for a batch of open positions. Boring Co is soliciting applications for […]