logo

News related to
business

By Lisandra Paraguassu and Ricardo Brito | BRASILIA BRASILIA Brazilian President Michel Temer gave his blessing to an attempt to pay a potential witness to remain silent in the country’s biggest-ever graft probe, according to plea bargain testimony by a powerful businessman, newspaper O Globo reported on Wednesday. Temer’s office on Wednesday acknowledged he had met in March with the businessman, Chairman Joesley Batista of meat giant […]

Designers, buyers and influencers have descended on Dubai for Arab Fashion Week, a five-day event dedicated to ready couture and resort wear for women, men and those who refuse a label. The show opened Tuesday night with Jordanian-Canadian sensation Rad Hourani, known for his unisex designs, Palestinian-American Jenanne Filat and her menswear lineup straight out of Arkansas, and runway darlings Marchesa. Hourani sent his models down the […]

By Arshad Mohammed and Yeganeh Torbati | WASHINGTON WASHINGTON U.S. President Donald Trump on Wednesday extended wide sanctions relief for Iran called for under a 2015 international nuclear deal even as he imposed narrow penalties on Iranian and Chinese figures for supporting Iran’s ballistic missile programme. The dual actions, announced by the Departments of State and Treasury, appeared intended to signal a tough stance on Iran even […]

In a small West Village theater last week, an audience cheered on the Wu-Tang Clan and Bill Murray as they stole a one-of-a-kind rap album from a capitalist caricature. They were watching the new musical about drug-price gouger, apparent twerp and accused fraud Martin Shkreli. The show is silly, fun and maybe went a little too long, which wasn’t too inconvenient because of its talented cast. (Who […]

By Shinichi Saoshiro | TOKYO TOKYO Asian stocks fell on Thursday and the dollar was stuck near six-month lows against a basket of currencies as uncertainty mounted over U.S. President Donald Trump’s future following reports that he tried to interfere with a federal investigation. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent. Japan’s Nikkei shed 1.5 percent, Australian shares lost 1.2 percent and South […]

18 May 2017, Doha – Qatar   Qatar Financial Centre (QFC)’s Legal Department was awarded the Middle East “Legal Team of the Year” in the public sector (government departments, agencies or public bodies) at the Middle East Legal Awards 2017 held in Dubai, UAE.  The Middle East Legal Awards are co-hosted by the Association of Corporate Counsel and are the premier legal awards in the Middle East. This […]

China has agreed to increase its import quota for Cambodian rice to 300,000 tonnes by next year, Prime Minister Hun Sen announced yesterday following his return from Beijing where he attended the Belt and Road initiative summit. In a post to his official facebook page, Hun Sen detailed a conversation he had with Chinese president Xi Jinping, who said China would increase its imports of Cambodian rice […]

Advertisements

Journalism is still overwhelmingly White. But that won’t change if news organizations don’t talk about it. It was in that spirit that Gizmodo Media Group on Wednesday sent a report to employees that included a detailed breakdown of racial and gender diversity across the company. Gizmodo Media Group, a subsidiary of Univision that owns all of the former Gawker Media brands plus Fusion and The Root, broke […]

Call it the Trump fade? The so-called Trump trade captivated Wall Street after the surprise election of Donald Trump last November. After years of stagnant economic growth in the wake of the financial crisis, the prospect of Mr Trump’s pro-business agenda, combined with Republican control of both executive and legislative branches of the US government, breathed new life into the ageing equity rally, sent the dollar to […]

Former heavyweight champion Mike Tyson, who last week launched his new academy-style gyms in Dubai, sat down with Arabian Business to outline his plans. Revelling between calmness and excitement, Mike Tyson tells his own story of having been the undisputed heavyweight champion of the world, often referred to as the “The Baddest Man on the Planet”, to becoming an entertainer and a businessman. Yet, in his perspective, […]

By Anggy Polanco | SAN CRISTOBAL, Venezuela SAN CRISTOBAL, Venezuela Venezuela said it was sending 2,000 soldiers on Wednesday to a border state that is a hotspot of anti-government radicalism after looting that killed a 15-year-old in the latest unrest roiling the nation. Most shops and businesses in San Cristobal, capital of Tachira state on the Colombian border, were closed and guarded by soldiers on Wednesday, though […]

By Jonathan Barrett | SYDNEY SYDNEY Mining magnate Andrew Forrest has used laws designed to protect indigenous land rights to stop prospectors searching for minerals on his West Australian cattle farms, angering both traditional Aboriginal landowners and mining community members. While tensions between the competing interests of indigenous landholders, pastoral leaseholders and miners on government-controlled land are common, Forrest’s approach represents one of the first known examples […]

Dubai Police have arrested an Asian gang who stole precious gems worth $2.9 million (AED10.8m). The gang of three stole the precious stones from a company located close to Al Barsha Police Station. Maj. Gen. Khalil Ibrahim al-Mansouri, assistant commander in charge of criminal investigation, said the European owner of the company returned from a trip abroad to discover that the stones had been stolen. Following an […]

Jeddah May 17, 2017  The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of IDB Group, and JSC “KapitalBank” have entered into a Joint Strategic Collaboration to finance SMEs in Uzbekistan. The CEO of ICD, Mr. Khaled Al-Aboodi, and Mr. Sherzod Karimbaev Deputy Chairman of the Management Board of JSC “KapitalBank”, signed the financing agreement for the amount of USD8 million […]

Their trade ministers will talk on the sidelines of an Asia-Pacific Economic Cooperation (APEC) meeting in Hanoi, Vietnam, where newly appointed US Trade Representative Robert Lighthizer is also due to give more detail of Washington’s trade plans. Uncertainty over those plans after Trump abandoned a trade deal he had compared to the “rape” of America has brought fears of protectionism and strengthened China’s […]

Yet another nail was hammered into the coffin of clickbait on Wednesday when Facebook announced it was tweaking its News Feed (again) to reduce the reach of made-you-look stories. The change, which comes on the heels of a similar tweak made by Facebook last year, is aimed at penalizing inauthentic stories that deliberately omit important information. The latest change penalizes two signals — exaggeration and omission — […]

By Foo Yun Chee | BRUSSELS BRUSSELS U.S. social network Facebook (FB.O) is set to be penalized by EU antitrust regulators for allegedly providing misleading data related to its WhatsApp acquisition three years ago, a person familiar with the matter said on Wednesday. The move by the European Commission will come after a six-month investigation and is expected to be a stiff warning to other companies facing […]

Ruler of Dubai Sheikh Mohammed has ordered three clubs in the emirate to merge into one new entity. In a decree, Al Shabab, Al Ahli and Dubai Club will be merged into one sports club named Shabab Al Ahli Dubai Club, Dubai Media Office announced. Crown Prince of Dubai, Sheikh Hamdan, has been appointed as chairman of the new club, while Sheikh Maktoum, Deputy Ruler of Dubai, […]

We all know — or, well, we should all know — how to block malware attacks. You don’t install unknown applications. You don’t open dodgy email attachments. And you don’t download files from strange websites. But then, there’s WannaCrypt, aka WannaCry. It starts by infecting you the old-fashioned way, but once it makes it on your network, it uses an out-of-date version of Windows’ Server Message Block […]

By Lisa Lambert | WASHINGTON WASHINGTON The U.S. Senate could soon approve a major overhaul of the federal bureaucracy and make lasting changes to regulation of the environment, education, banks and other areas. On Wednesday a Senate committee sent a bill on to the full chamber that, supporters say, will make regulators more accountable to lawmakers and provide greater understanding of how rules affect the economy. The […]

South Carolina state Rep. Rick Quinn used his public office as a multimillion-dollar money funnel that enriched his family’s powerful political empire while doing the bidding of shadowy corporate interests in the Legislature, prosecutors said Tuesday. Misconduct charges handed down as part of the ongoing Statehouse corruption probe paint a picture of influence and greed involving a key cog in one of the state’s oldest and more […]

At the same time, the Palestinian Authority president, Mahmoud Abbas, generally seen as hesitant, or even obstructionist, may to Mr. Trump seem the most accommodating. Continue reading the main story It is at once a case study in why this region is so unpredictable and a test of whether the new president is in over his head or knows something his many failed predecessors did not. “We […]

May 17, 2017  The Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of IDB Group, and JSC “Hamkorbank” have entered into a Joint Strategic Collaboration to finance SMEs in Uzbekistan. Mr. Khaled Al-Aboodi CEO of ICD and Mr. Ikram Ibragimov, Chairman of the Supervisory Board of JSC “Hamkorbank”, signed the financing agreement for the amount of USD12 million. The collaboration will […]

Inquirer.net Megawide posts 10% decline in bottom lineInquirer.netConstruction, engineering and infrastructure group Megawide Construction Corp. saw a 10-percent year-on-year drop in first quarter net profit to P439.98 million on lower construction revenue traced to the “cyclical” factors. Including earnings … and more » (via Google News)

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Burnham pledges British solidarity after deadly Krakow shooting // Claude Code approval settings expose thousands of credentials // ADIA subsidiary seeks $7.5 billion private investment financing // Coca-Cola bottling holding company submits share sale prospectus // Democratic Congress threatens Trump-era cryptocurrency policy gains // BJP’s Counter Rallies To “Expose” Rahul Gandhi, Reveals The Weakness Of The Party // Paraguay court detains impeached Peña over bank collapse // UAE forecast to lead solar output per person // HKUST President and Chinese Academy of Sciences Academician Prof. Nancy Ip Receives UNESCO Honor for a Second Time // ADNOC secures decade-long LNG supply pact with Gujarat Energy // SoftBank and ABB weigh separating Chinese robotics operations // Herzog selects Eisenkot for Israeli coalition negotiations // Ghantoot clinches Pink Polo Cup as screenings draw crowds // HKUST President Prof. Nancy IP Receives UNESCO–Equatorial Guinea International Prize for Research in Life Sciences // DEWA and Dell pursue stronger digital utility infrastructure // Employees Up In Arms Against Sale Of IDBI To Canadian Company Fairfax // Elephant calf on death line airlifted for treatment in Gujarat // ADNEC Abu Dhabi secures regional MICE venue honour // Wall Street’s AI Reckoning Offers India A New Opening // Greens back Sreedharan plan //