US President Donald Trump has repeatedly attacked Federal Reserve Chairman Jerome Powell’s interest-rate increases as a drag on US economic growth. They’re also cutting into his own fortune. Every time the Fed raises rates, Trump’s payments on some $340 million (Dh1,248 million) in variable-rate loans go up. Since his January 2017 inauguration, the Fed’s steady […]
Ajman: The general budget of the Ajman Government for 2019 to 2021, a portion of which is geared towards improving the business environment in the emirate, has been approved. In the latest budget approved by His Highness Shaikh Humaid bin Rashid Al Nuaimi, supreme council member and ruler of the emirate, more funds are being […]
Nissan Motor Co. updated its corporate governance code, a month after the shock arrest and indictment of former chairman Carlos Ghosn brought differences with partner Renault SA out in the open after a two-decade partnership. As part of the new code, Nissan clarified its policy on cross-shareholdings, in which two companies hold stakes in each […]
Dubai is a major hub for e-commerce regionally and globally There are seven trust service providers (TSP) licensed by the Telecommunications Regulatory Authority (TRA) in the UAE, statistics released recently by the TRA show. TSP is a person or legal entity providing and preserving digital certificates to create and validate electronic signatures and to authenticate […]
Dubai: The ongoing Brexit drama took yet another bizarre twist this week, as a vote of no confidence was called in Prime Minister Theresa May. She now faces the real prospect of being dethroned and replaced by someone else from within her party. We’ll have more details as they become available. On today’s episode, we […]
Tokyo: Former Nissan boss Carlos Ghosn will be spending Christmas and the beginning of 2019 behind bars after a Tokyo court on Sunday extended his detention through to January 1. The court’s decision is the latest twist in a rollercoaster saga that has gripped Japan and the business world since the auto sector titan was arrested […]
Dubai: Such is the attention to detail of Armenian businessman Nver M. Mkhitaryan, that during the construction of his new hotel on the Palm, he went 200 metres underground to hand-pick marble in Portugal — not once, but twice. The Emerald Palace Kempinski is a testament to this precision, and at a cost of over […]
Beijing: China and the United States discussed a road map for the next stage of their trade talks on Tuesday, during a telephone call between Vice-Premier Liu He and US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer. US President Donald Trump and Chinese President Xi Jinping agreed at a December 1 meeting in […]
Beijing: China will remove the punitive duty on automobiles imported from the US for three months in an effort to defuse trade tensions with the world’s biggest economy. China will remove the 25 per cent tariff it had imposed in a tit-for-tat measure, the finance ministry in Beijing said in a statement Friday. Earlier this […]
Shanghai: Prominent thought leaders from around the world came together in Shanghai, China for a conversation about future cities and the transformative power of World Expos at Expo 2020 Dubai’s second international World Majlis session, which was hosted at the World Expo Museum (WEM). The latest World Majlis session, titled ‘The Future of Cities: World […]