October 23, 2019

Tensions are toughening in transatlantic trade

The recent decision by a WTO dispute panel clearing the way for the US to impose tariffs on the EU as a penalty for its provision of illegal subsidies to Airbus ends a very short-lived trans-Atlantic economic courtship. Indeed, the WTO’s action was the largest such ruling in the organization’s"...

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October 23, 2019

Dubai developers hold back on launches, waiting for the...

Dubai: Private developers in Dubai are holding back on new launches and “waiting for the right time” for the property market to bounce back. They are also awaiting directions from the newly created Higher Committee in Dubai that will oversee and advise on the real estate sector’s"...

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October 23, 2019

Air taxi startup Lilium expands

A prototype flying taxi has achieved speeds in excess of 100 km/h (62 mph), its German developer Lilium said on Tuesday, giving it confidence to expand production capacity ahead of a planned commercial launch in 2025.

Munich-based Lilium is one of a clutch of startups working"...

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October 23, 2019

Italy’s 2020 budget at big risk of breaching EU fiscal...

The European Commission said Italy’s draft budget for next year could be in breach of European Union fiscal rules and it asked for clarification from the Italian government, in a letter sent to Finance Minister Roberto Gualtieri.

The EU’s move is seen as a necessary"...

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October 23, 2019

IDA Leaders Summit highlights rising demand for clean water...

Dubai has organised the International Desalination Association (IDA) World Congress 2019 under the patronage of Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (Dewa). the Congress with the theme Crossroads"...

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October 23, 2019

Rizek signs cloud-computing deal with Alibaba unit

Leading tech start-up Rizek has signed an agreement with Alibaba Cloud, a subsidiary of the Chinese technology giant, to help develop innovative solutions that will significantly enhance its data analysis and user experience capabilities.

With this deal, Rizek has become one"...

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October 22, 2019

Boeing expresses regret over ex-pilot’s 737 MAX messages,...

SEATTLE/WASHINGTON: Boeing Co said it understood the outcry over leaked messages from a former test pilot over erratic software behaviour on its 737 MAX jet two years before recent crashes, and added it was still investigating what they meant.
The world’s largest planemaker, under"...

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October 22, 2019

Unizo keeps door open for Blackstone, Fortress talks

TOKYO: Unizo Holdings said on Monday it would continue talks with Blackstone Group and SoftBank-backed Fortress Investment Group on a potential takeover, raising the possibility of a bid battle between the two global buyout firms.
Potential rival bids from Blackstone and Fortress would"...

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October 22, 2019

Oil prices steady as investors weigh demand concerns

SINGAPORE: Oil prices largely held steady on Monday, recouping some early losses as investors took stock of global economic pressures that could impact oil demand.
Global benchmark Brent crude oil futures were down 1 cent to $59.41 a barrel by 0648 GMT.
US West Texas Intermediate"...

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October 22, 2019

Japan’s extended exports slump could push BOJ to ease...

TOKYO: Japan’s exports contracted for a 10th straight month in September, adding to speculation the central bank could ease monetary policy as soon as next week to support an economy hit by a slowdown in global demand.
A bitter Sino-US trade war and slowing growth in China have"...

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