Global factory activity weak in March as storm clouds gather

London, Hong Kong: Factory activity remained weak around the world last month, reinforcing worries of a global slowdown as forward-looking indicators pointed to gloomy times ahead, surveys showed on Monday. Eurozone manufacturers had their weakest month for almost six years in March. While China showed a slight, surprising recovery last month, growth in new domestic […]

RTA and Serco extend Dh680 million service contract till 2021

Dubai: The Roads and Transport Authority (RTA) has extended its contract with the British firm Serco Group for the operation and maintenance of the Dubai Metro until September 2021. The new contract also covers the Dubai Metro Red Line Extension Project, dubbed Route 2020. This extension spans 15 kilometres and connects seven stations — five […]

Pakistan inflation hits 9.41 per cent, highest in 5 years

ISLAMABAD: Pakistan’s consumer price inflation rose in March to its highest since November 2013, adding to economic headwinds besetting Prime Minister Imran Khan’s government. Inflation rose to 9.41 per cent year-on-year, up from 8.21 per cent in February, Bureau of Statistics data showed on Monday, lifted by sharp rises in food, fuel and transport costs […]

Burger King tests plant-based meat with an impossible whopper

New York. Burger King, known for meaty excess like its 1,150-calorie Bacon King sandwich, is now selling a plant-based burger. The chain, owned by Restaurant Brands International Inc, announced a test run for the burger in 59 restaurants in the St. Louis area. Burger King says the sandwich will use patties from Impossible Foods Inc. […]