Beijing: The growth engine for the world’s car industry has been thrown into reverse, with China recording the first slump in auto sales in more than two decades — though progress in trade talks and planned government incentives offer a ray of optimism. Sales in the world’s biggest market fell 6 per cent to 22.7 […]
LONDON: British productivity growth slowed to a two-year low during the three months to last September, official figures showed on Wednesday, reinforcing concerns about the underlying health of the economy ahead of Brexit. Weak productivity growth has bedevilled rich economies around the world since the global financial crisis, but the problem has been particularly acute […]
Tokyo: Japan’s Foreign Ministry summoned the South Korean ambassador to seek talks in an escalating standoff over forced labour claims that it has said risks undermining the legal basis for relations between the neighbours. The ministry Wednesday summoned Ambassador Lee Su-hoon after a South Korean court this week approved the confiscation of assets in South […]
Kuala Lumpur: Malaysia is looking into allegations that China offered to help deter probes into 1MDB in exchange for infrastructure projects, after the Wall Street Journal reported that senior Chinese leaders offered to help bail out the troubled state fund in 2016. The government is unaware of the discussions detailed in the Journal report, which […]
BEIRUT: Lebanese Parliament Speaker Nabih Berri called on Wednesday for an Arab League economic summit due to take place this month in Beirut to be postponed because Lebanon had failed to agree a new government. Berri also asserted “again the necessity of having Syria participate in such a summit”, lawmakers from his parliamentary bloc quoted […]
It took 21 days for Dh1 million worth of shredded banknotes to come alive as ‘Zayed: The million-dirham objet d’art’.
Drivers from across the country will be able to avail of the service via a text message.
Soon after arriving in Dubai from the UK, Becky Balderstone realised there wasn’t enough variety of locally grown organic produce readily available like she was used to back home. Yet demand was high. With a marketing background and a business management degree, Balderstone had a real passion for healthy living and eating, so she launching […]
Seven of the world’s top 10 economies by 2030 will likely be current emerging markets. The prediction for a shake-up of the world’s gross domestic product (GDP) rankings comes in new long-term forecasts by Standard Chartered Plc, which includes a projection for China to become the largest economy by 2030, using purchasing power parity exchange […]
Abu Dhabi Investment Council paid $800m for a 90% stake in the world famous art deco property