Drake & Scull puts off naming new chairman

Dubai: Drake & Scull International has postponed the naming of a chairman, after a decision taken by the board of directors’ meeting late on Monday. The earlier plan was to fill up that position on Monday itself. On May 7, the former chairman, Obaid Bin Touq, had submitted his resignation. Now, the engineering services firm, […]

US readies new tariffs against China

Washington: The US prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade. The US Trade Representative’s office Monday released a list of about $300 billion (Dh1.10 trillion) […]