The world’s richest man is getting a divorce

New York: Amazon founder Jeff Bezos, rated the world’s wealthiest person, announced Wednesday on Twitter that he and his wife Mackenzie Bezos were divorcing after a long separation. “We want to make people aware of a development in our lives,” Jeff Bezos, 54, and MacKenzie Bezos, 48, said in joint statement posted to Bezos’ Twitter […]

Saudi private firms continue to face margin pressure

Dubai: Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) registered 54.5 in December, down slightly from November’s 11-month high of 55.2. “The renewed dip in the headline index following November’s 2018 high confirms this year as the weakest in the series, averaging 53.8 as compared to an annual average of 58 over the previous eight […]

Fed Officials signal readiness to pause interest rate increases

WASHINGTON: Two influential Federal Reserve officials said on Wednesday that the central bank should pause to assess economic conditions before considering additional interest rate increases, reinforcing the message delivered last week by Fed Chairman Jerome H. Powell. The Fed on Wednesday also published an account of its most recent meeting, in December, which showed that […]

Jet Air weighs a restart of bailout talks with Tata Group

Mumbai: Jet Airways India Ltd., the airline which had its credit rating cut to default this month, is weighing a resumption of stake-sale talks with the Tata Group as the carrier is poised to run out of cash, people with knowledge of the matter said. While its founder and Chairman Naresh Goyal has been discussing […]