Dubai: UAE residents are now more likely to open their wallets, as they are becoming upbeat about the state of their finances and the general economic outlook this year. According to a confidence tracker that surveyed at least 1,200 people in the country, the number of consumers who are positive about their financial prospects went up by […]
NEW DELHI: India’s trade deficit narrowed to $13.08 billion (Dh48 billion) in December, the lowest in 10 months, on a fall in gold imports but exports remained flat, deepening concerns for Prime Minister Narendra Modi who wants to accelerate growth ahead of elections. Modi, who had promised to boost exports by easing administrative rules and […]
The UK parliament rejected the Brexit deal in a 432-202 vote.
The Al Qaeda-linked Somali group Al Shabaab claimed responsibility for the latest strike.
BEIJING: China on Tuesday signalled more stimulus measures in the near term as a tariff war with the United States took a heavy toll on its trade sector and raised the risk of a sharper economic slowdown. The world’s second-largest economy will aim to achieve “a good start” in the first quarter, the National Development […]
The world’s worst-performing currency could fall on harder times still if Turkey’s central bank has a surprise interest-rate cut in store this week. A new bout of tensions with the US has once again put the lira under strain, threatening to revive inflationary pressures for an economy barely on the mend after prices spiked following […]
DUBAI: Bahrain-based alternative investment manager Investcorp said on Monday it was forming a $1 billion (Dh3.7 billion) European private equity portfolio with Coller Capital. Investcorp, founded in 1982, is one of the oldest Middle Eastern private equity houses and is targeting $50 billion of assets under management over the medium term. London-based Coller Capital’s Coller […]
Dubai: Everyone desires to move abroad in search of greener pastures or higher income. But deciding where to start a new life overseas can be a daunting task. To help steer would-be expatriates in the right direction, HSBC has come up with a study to reveal the best countries that offer the highest salaries. After […]
Los Angeles: PG&E Corp, the California power utility facing potentially crushing liabilities linked to catastrophic wildfires in that state from 2017 and 2018, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses. PG&E is reeling from the November Camp fire that swept through the California mountain community […]
BERLIN: The German economy grew by 1.5 per cent in 2018, the weakest rate in five years and markedly slower than the previous year, preliminary data showed on Tuesday, in a sign that exporters in Europe’s largest economy are being hit by trade tensions. German companies are struggling with a cooling of the global economy […]