BEIJING: China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising US tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. Growing signs of weakness in China — which has generated nearly a third of […]
Geneva: Klaus Schwab, who founded the World Economic Forum (WEF), has said his childhood during the Second World War inspired him to build an organisation that would make the world a better place. His foundation, which hosts many of the world’s most powerful, famous and wealthy people at its annual meeting in the Swiss ski […]
Kuwait on Monday projected a 4.7 per cent rise in spending to 22.5 billion dinars ($271.59 billion) as part of its state budget for the year ending on March 31, 2020, as the major oil producer seeks to spur economic growth. The Kuwaiti Finance Minister Nayef Al Hajraf said he expected the average oil price […]
Zurich: An array of crises will keep several world leaders away from the annual World Economic Forum in Davos this week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Anxieties over trade disputes, fractious international relations, Brexit and a growth slowdown that some fear could tip the […]
(Bloomberg) — The pound may advance against all its Group-of-10 peers this year as the risk of a no-deal Brexit has been declining, according to Goldman Sachs Group Inc. Sterling has strengthened for five straight weeks as the defeat of Prime Minister Theresa May’s Brexit plan last Tuesday was seen boosting the prospects of a […]
During his visit, Sheikh Mohammed stressed the importance of giving priority to environmental, heritage-related projects.
The picture went viral on social media on Monday night.
TOKYO: Carlos Ghosn will learn his fate on Monday as a Tokyo court rules on his bail request after he vowed to remain in Japan if released and offered to provide more collateral. The ousted Nissan boss has pleaded for bail after languishing in custody for 64 days as he fights charges of financial misconduct […]
New Delhi: India is considering a plan to transfer cash to farmers to ease their financial burden instead of offering subsidies, people with knowledge of the matter said. Prime Minister Narendra Modi’s government is planning to combine all farm subsidies, including fertiliser costs, and instead pay farmers cash, the people said, asking not to be […]
Mashreq CEO, Abdul Aziz Al Ghurair, says 2018 ‘was a difficult year’ due to market fluctuations