BERLIN: Finance Minister Olaf Scholz said he expected Germany to escape recession, pointing to a subdued but upward trend in its and Europe’s economies. With the risk of trade conflicts and Britain’s looming European Union exit as a backdrop, recent data has pointed to a marked slowdown in Europe’s largest economy, which only just skirted […]
LONDON: Equity markets across Europe and Asia rose on Monday after US President Donald Trump said he would hold off on hiking tariffs on Chinese imports, buoying hopes of a resolution to a trade war between the world’s two biggest economies. European stocks climbed 0.4 per cent to their highest since October, led by a […]
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: 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 […]
First Abu Dhabi Bank’s general assembly meeting also approves plan to increase foreign ownership limit to 40%
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 […]
Both of them are part of the UAE’s first astronaut corps and one of them will jet off to space on September 25.
Investment Corporation of Dubai and Abu Dhabi Investment Authority linked with Reliance Nippon Life Asset Management Ltd stake sale
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 […]
Talent is something most Arab fashion designers ‘do not possess’, says Lebanese fashion designer