Archive / Business - 2021
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Japanese shippers reap quarterly profit bonanza amid supply chain chaosNippon Yusen and Kawasaki Kisen Kaisha, Japan's biggest and third-biggest shipping companies by sales, reported record quarterly profits on Thursday as they benefited from higher...Boeing to debut long-awaited 777X at Dubai AirshowBoeing will showcase its new 777X widebody at the Dubai Airshow this month, marking the jet's international debut, where the aviation industry will convene at...UAE e-commerce portals gear up for busy sales season in NovemberE-commerce platforms in the UAE are gearing up for this month's major annual online shopping season, with a number of portals offering promotions to attract...Forgotten Angels Project returns for 15th yearThe Pennyrile Area Development District Forgotten Angels Project returns for the 15th year to serve residents in local personal care homes.“We focus on this group...BOJ Kuroda signals no mood to rush stimulus exit even as Fed tapers asset buyingBank of Japan (BOJ) Governor Haruhiko Kuroda on Thursday suggested his bank was in no mood to exit its massive monetary stimulus programme soon, speaking...Thai joint business group raises growth outlook after reopeningThailand's leading joint-business group on Wednesday raised its 2021 economic forecast to between 0.5per cent and 1.5per cent following the country's reopening to vaccinated foreign...End of the line for Gundam Cafe as entire chain announces permanent closureIt was literally just a few days ago that we were all excited about the announcement of some new menu items at Japan’s Gundam Cafes...Business activity in Arab world's two biggest economies continues to improve in OctoberBusiness activity in the non-oil private sectors of the Arab world’s two biggest economies continued to improve in October, boosted by easing of Covid-19 restrictions,...Rise in Product Usage as Active Dyestuff in the Textile Industry The global alginate market size is projected to reach USD 1.07 billion by 2028 registering a CAGR of 5.0%Rise in product usage as active dyestuff...Current State of Textile Supply ChallengesWithout the proper supply of textiles, laundry and linen services—and their customers—can’t function as well as they should.And effects related to the pandemic have caused...India's Oct services growth strongest in over a decade, input costs surgeIndia's dominant services industry expanded at the fastest pace in more than a decade on improved domestic demand despite high inflation, driving firms to take...S Korea to buy back 2 trillion won of Korean treasury bondsSouth Korea's Finance Ministry on Tuesday said it will buy back 2 trillion won (US$1.70 billion) of treasury bonds as part of emergency measures to...China's economy slows as Beijing wrestles with debtChina’s economic rebound from the coronavirus pandemic is stalling as President Xi Jinping’s government cracks down on surging corporate debt.For a decade, the ruling Communist...Warning after counterfeit Nestlé coffee found in GermanyA counterfeit version of Nestlé branded coffee has been found on sale in Germany and may contain foreign objects.Nestlé Deutschland reported the product was packaged...Print Applicator From: Label-AireDesigned for reliability, accuracy and ease of use, the 3138-TS is the company’s most advanced printer applicator yet. Featuring a large, simple to use digital...UAE 2021 salaries steady with business offering up to 25% bonuses, survey findsSalaries in the UAE remain steady this year, with some businesses offering bonuses of up to 25 per cent for their top performers, according to...Japan to compile 'large-scale' stimulus package in mid-Nov, says PM KishidaJapanese Prime Minister Fumio Kishida said on Monday the government would compile a "large-scale" stimulus package around mid-November and aim to pass through parliament an...ADIB seeks M&A deals in UAE and GCC to expand asset baseAbu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, is looking for merger and acquisition opportunities in the UAE, the GCC and markets...As record-setting real estate sales continue in Colorado resort towns, buyers are now looking way down valleyThe blistering pace of real estate sales is continuing in Colorado’s High Country, with every resort community setting new records in each month this year.Last...5 Real Estate Tips to Help You Sell FastHave you ever driven by a house that has had a “For Sale” sign for years? It is not uncommon to find them while driving...How sustainability is driving a change in investor behaviourThe term “sustainability” has found its way into our everyday lives. It has also found its way into the finance world, where it has become...US, EU agree to lift punitive tariffsThe United States and the European Union agreed Saturday (Oct 30) to lift tariffs on imported steel and aluminum, ending a dispute that strained their...CEO: Mubadala riding 'tailwinds' lifting technology, mobility and life sciences sectorsThe successful IPO of chip maker GlobalFoundries reflects Mubadala Investment Company’s strategy to shift investments towards industries of the future, such as technology, life sciences,...Dubai reclaims top spot in October as world's busiest international airport, OAG saysDubai was named the world's busiest international airport in October, reclaiming the top spot from Amsterdam's Schiphol airport this month, as capacity returns amid an...How the global chip shortage is dampening India's festive spiritThe festive season, currently under way in India, is traditionally a time for Indians to splash out on big-ticket purchases, such as a new television,...Aboriginal textile artists take a seat at the tableTextile works by Aboriginal and Torres Strait Islander artists are having a well-deserved moment in Australia’s fashion industry, but this series of new pieces commissioned...'Midtown Mod' in Westmoreland: Vintage fashions and furnitureA new store featuring vintage goods of various sorts has opened in the Westmoreland business district For those who enjoy old-fashioned styles in clothing and...US Fed set to begin stimulus taper amid sticky inflationThe Federal Reserve is set to begin removing a major plank of the stimulus policies it rolled out last year as the pandemic began, a...Extreme heat threatens U.S. workers, economyIrma Gomez has worked in California's Central Valley, one of the world's most productive agricultural regions, for nearly a decade -- but she has never...'Can I go to my home country if I am on medical leave?'If an employee has to undergo an operation or medical procedures and has a medical certificate for sick leave from a doctor, can the sick...BNY Mellon sees Middle East outpacing growth of its global business over next five yearsBNY Mellon, the US bank with more than $2.3 trillion of assets under management, expects its Middle East business to outpace its global growth level...Ikea offers employees one-off bonus following Covid sales surgeIkea’s largest franchisee is awarding more than 170,000 employees a one-time bonus for helping accelerate web-based sales during the Covid-19 pandemic.Ingka Group saw the online...Sheet Metal Machinery Markets: Future Forecasts Evaluated Based on Industry Player Investment Strategies: Amada, TRUMPF, DMTG, DMG Mori, U.S. Industrial MachineryThe market research report 2021 on Global Sheet Metal Machinery Market primarily highlights market standing and forecast, categorizes the world Sheet Metal Machinery for market...Global Energy Retrofit Systems Markets, 2021-2028 - Longer Payback Period and Hidden Costs Restraining Market GrowthThe "Energy Retrofit Systems Market Size, Share & Trends Analysis Report By Application (Residential, Non-residential), By Product (LED Retrofit Lighting, Envelope), By Region (Europe, APAC),...Existing product standards for off-grid solar systems could prove a barrier to India’s energy transitionWorldwide, around 789 million people are still unable to access electricity. This challenge is driving a rapid transition towards sustainable energy solutions, including solar and...China's EV maker BYD raises US$1.77 billionChinese electric vehicle company BYD has priced its shares at HK$276 each to raise US$1.77 billon, according to a term sheet seen by Reuters on...FII: SoftBank investing in blockchain assets but steers clear of cryptocurrenciesSoftBank Group is investing in blockchain infrastructure but not in volatile cryptocurrencies, according to the chief executive of SoftBank Investment Advisers.“We have stayed away from...First Abu Dhabi Bank third quarter profit surges 54% on investment gains to $1bnFirst Abu Dhabi Bank, the UAE’s largest lender by assets, reported a 54 per cent jump in third-quarter profit on the back of higher net...Thai finance ministry cuts 2021 GDP outlook to 1.0per cent growthThailand's finance ministry on Thursday cut its 2021 economic growth forecast to 1.0per cent from the 1.3per cent expansion it projected earlier, an official said,...Petronas seeks expression of interest for third LNG storage tank in PengerangMalaysia's state oil agency Petronas said on Thursday it was seeking expressions of interest for a proposed new liquefied natural gas (LNG) storage tank in...Electronic products log highest number of rule violations on e-commerce platformsIn a run-up to the festive season, the Central Consumer Protection Authority (CCPA) took stringent action to safeguard consumer interests issuing 202 notices to entities...Printed Batteries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026The global printed batteries market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 22% during...Khalifa Fund connects Emirati entrepreneurs to manufacturers in production pushAbu Dhabi’s Khalifa Fund for Enterprise Development selected four products, developed by Emirati entrepreneurs as part of its F&B Innovation Lab initiative, to be manufactured...U.S. McDonald's workers strike to protest workplace harassmentMcDonald’s workers in 12 U.S. cities walked off the job Tuesday to protest what they say is a continuing problem of sexual harassment and violence...UN urges G20 to ensure finance sector's climate pledges are solidThe United Nations called on Wednesday for the world's biggest economies to ensure net zero commitments made by financial institutions were robust, backed by science...Sport Equipment & Tribune Robert Gazzi StadiumText description provided by the architects. A new Sports Equipment was arranged in an L-shape at the south-eastern corner of the stadium. It opens towards...Marucci Sports buys equipment designer Lizard SkinsMarucci Sports has purchased Lizard Skins, a designer and seller of branded grip products, protective equipment, bags and apparel for use in baseball, cycling, hockey,...Taiwan seen growing 4% in Q3 on pandemic hit, but exports helpTaiwan's trade-reliant economy is expected to have expanded at a slower pace in the third quarter due to the island's COVID-19 outbreak, a Reuters poll...Evergrande says it has resumed work on 10 stalled projectsShares of embattled Chinese developer Evergrande rose Monday after it said it had resumed work on more than 10 projects, as it sought to soothe...Starbucks plans new shop formats for India to fast-track expansionStarbucks aims to hasten its India expansion with smaller shops and drive-through outlets, the chief executive of its local partner said on Monday, signalling the...Japan's Orix to sell software firm Yayoi for more than US$1.75 billion -BloombergJapanese financial services group Orix Corp is likely to sell software business Yayoi Co for more than 200 billion yen (US$1.75 billion), Bloomberg reported on...How a simple box design is saving the auto industry millions of dollars: 'It's amazing'This is a story about a box.That’s it, just a box.“It’s not rocket science,” said Rudy Youell. “It’s almost so stupid it’s ridiculous. But it’s...China's state planner says will probe coal and energy price index providersChina's state planner said it will probe coal and energy price index providers for publishing false and manipulated prices, spreading rumours and fabricating indexes, in...China coal futures fall for a fourth day as govt intervenesChina's thermal coal futures fell for a fourth day on Monday, extending losses since last week when they cooled from record highs after Beijing said...BOK sees inflationary risks growing; Oct CPI may rise more than 3per centSouth Korea's central bank said on Monday upside risks to its inflation forecast are growing and added it cannot rule out the possibility that consumer...Robot mail: Russian Post teams up with Yandex to deliver parcels in MoscowSelf-driving robots have started delivering parcels in certain Moscow neighborhoods after tech giant Yandex teamed up with the state-run Russian Post service, the companies said...UK plans £8 billion of extra health and education spendingBritish finance minister Rishi Sunak plans a £5 billion ($6.9 billion) programme to fund health research and £3 billion of extra funding for further education...Will India’s economy be able to ward off the heat from soaring oil prices?Salman Beg, who runs a small factory making crockery and cutlery on the outskirts of Mumbai, is feeling the heat from higher oil prices.Steep fuel...Where are the workers? Cutoff of jobless aid in U.S. spurs no influxEarlier this year, an insistent cry arose from business leaders and Republican governors: Cut off a $300-a-week federal supplement for unemployed Americans. Many people, they...Desperate for employees, US businesses struggle to hire amid COVID-19 pandemic To keep the taps at his recently opened beer tasting room flowing, Peter Chekijian had no choice but to ask his main employees to come...3D Printed Electronics Solution Increases 5G Signals by up to 100%Optomec has introduced a new high performance semiconductor packaging solution for the rapidly growing mm-wave electronics market, in response to demands from its customers in...UK retail sales drop for fifth month in a rowBritish retail sales dropped for the fifth month in a row in September, adding to signs of weakness in the economic recovery amid a rise...Singapore home prices climb in third quarter despite virus restrictionsSingapore home prices rose in the third quarter, showing resilience despite persistent coronavirus restrictions that have disrupted the market.Private property values climbed 1.1 per cent...Ratings agency cuts China growth forecast on property woesRatings agency Fitch on Thursday (Oct 21) cut its growth forecast for China's economy this year citing a slowdown in the country's colossal property sector,...Tokyo Kikai shareholders approve poison pill, setting up court battleShareholders in Tokyo Kikai Seisakusho Ltd approved a "poison pill" measure on Friday aimed at blocking a takeover attempt by its top investor, setting up...Evergrande shares plunge on market return as deal falls throughShares in Chinese property giant Evergrande plunged on Thursday (Oct 21) after resuming trading in Hong Kong, with the failure of a unit sale deal...Singapore port to help ease global supply chain crisis, but it comes at a ‘cost’: Chee Hong TatThe port of Singapore is ready to help ease the global supply chain crisis, but this is expected to cause container pileups and longer waiting...BP signs 10-year pipeline gas deal with China's Shenzhen GasBP has signed a sales and purchase agreement with a unit of China's Shenzhen Gas Group Co Ltd to supply piped natural gas for 10...SAP confirms raised outlook, Q3 resultsSAP on Thursday (Oct 21) said demand for its cloud business database was growing as the German business software group confirmed its preliminary third-quarter results...Oil prices fall as weaker China growth, US output stoke demand concernsOil prices fell on Tuesday (Oct 19), with Brent down a second straight day, after Chinese data showed slowing economic growth and US factory output...Orchard Road hopes for ‘a return to normalcy’ with annual Christmas light-upThe annual Christmas light-up along Orchard Road will return on Nov 13 with both physical and virtual elements, as businesses along Singapore’s prime shopping belt...China's economic growth weakens amid construction slowdownChina’s economic growth sank in the latest quarter as a construction slowdown and official curbs on energy use by factories weighed on the nation's recovery...Toyota to invest $3.4 bil in U.S. battery productionThe world's biggest carmaker, Toyota, unveiled plans on Monday to invest $3.4 billion in automotive batteries in the United States and build a factory in...China's economy slows as power shortages and bottlenecks hit outputChina's economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic Covid-19 outbreaks.This has...China growth dips to 5% in third quarter on energy woes: pollChina's economic growth is expected to have slowed further in the third quarter, according to an AFP poll of analysts, with a mounting energy crisis...U.S. retailers scramble ahead of festive seasonWith the pandemic grimly persisting, American homes could face a meager holiday season, forced to do without some of their favorite items missing from store...Mitsubishi Motors reveals design of all-new Outlander PHEV modelMitsubishi Motors Corp has revealed the design of the plug-in hybrid (PHEV) model of the all-new Outlander crossover SUV. The all-new Outlander PHEV model will...100 yen store chain Daiso opens online shop with 30,000 items to choose fromDaiso is a great place to shop for, well, pretty much anything. Need kitchen or tableware? Daiso. Boxes, folders, and bins to keep your home...Nissan Pathfinder and Frontier win awards at Miami Auto ShowThe all-new 2022 Nissan Pathfinder and Nissan Frontier picked up a pair of Sobre Ruedas Awards on Saturday at the 2021 Miami International Auto Show.“We...Billionaires: Mukesh Ambani joins the mega-wealthy's exclusive $100bn clubMukesh AmbaniMukesh Ambani, Asia’s richest person, joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least...Madoff asked Trump for clemency as an 'act of mercy and grace’Disgraced financier Bernie Madoff pleaded for former US President Donald Trump to release him from prison early, insisting he never denied his crimes but complaining...'Big Short' investor Burry says he's no longer betting against Tesla - CNBCInvestor Michael Burry of "The Big Short" fame said he was no longer betting against Tesla Inc and that his position was just a trade,...Nippon Steel sues Toyota, Chinese company over patentNippon Steel Corp is suing Toyota Motor Corp over a patent for a technology used in electric motors in a rare case of legal wrangling...Oil tops $85 a barrel for the first time in three years as global energy costs soarOil prices hit a three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as...Global steel demand to return to pre-pandemic levels in 2021, except in ChinaGlobal demand for steel is expected to return to pre-Covid-19 levels in 2021 with the exception of China, as resurgent demand continues to fuel strong...UK worker shortage threatens Christmas turkey supplyIn a dark wooden barn in the countryside of southeast England, farmer Patrick Deeley is surrounded by a throng of 600 white turkeys at feeding...IMF, G20 focus over supply chain bottlenecks, inflation fearsGlobal finance officials gathered in Washington on Wednesday were focused on finding a way to alleviate supply chain bottlenecks that are driving prices higher and...Italian fashion house Missoni seeks to double online sales in two yearsItalian fashion house Missoni is set to double its e-commerce sales in two years as the luxury label adapts to new market realities following the...The global supply chain crisis that has whacked the UKThreats of a Christmas catastrophe featuring empty supermarket shelves and no toys under the tree is only increasing anxiety among Britain’s stressed-out consumers amid a...The Debt Panel: 'I want to pay off my Dh150,000 loan by selling my property in India'I was working in real estate marketing with a Dubai company but lost my job last year due to the impact of Covid-19 on business...Asian shares fall as rising energy costs fan inflation fearsShares retreated in Asia on Tuesday as surging prices of oil, coal and other energy added to concerns over inflation.Benchmarks declined in Tokyo, Hong Kong...Americans quit their jobs at a record pace in AugustOne reason America's employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.The Labor Department said that...IMF foresees a slight drop in global growth from pandemicThe International Monetary Fund is slightly downgrading its outlook for the global recovery from the pandemic recession, reflecting the persistence of supply chain disruptions in...Georgieva keeps job as IMF board backs her after review of data-rigging claimsThe International Monetary Fund's executive board said it has 'confidence' in and backs its managing director Kristalina Georgieva after concluding its review of an investigation...U.S. holiday purchases to be hit by delays, price hikes: Fed officialDelays and price hikes are anticipated in the United States for holiday merchandise, a Federal Reserve official has warned, calling for more to be done...Oil prices could hit '$100 per barrel by the end of 2021', Roubini saysOil prices are expected to remain “significantly higher for many years” and could even touch $100 per barrel by the end of this year as...Cryptocurrencies will be regulated in US, JP Morgan CEO saysJPMorgan Chase & Co chief executive Jamie Dimon has said cryptocurrencies will be regulated because anxiety around stablecoins and the asset class more broadly is...Is the global asset bubble about to burst?If you are going to stick your neck out and predict a global stock and property market crash, you might as well go all the...How FinTech can foster financial inclusion as our preference for cash wanesIs cash dead? Not yet. The majority of people in most countries – roughly 75 per cent of the world’s population – still conduct most...Global payments industry to bounce back from pandemic-induced contraction this yearThe global payments industry posted its first contraction in 11 years in 2020 but is poised to quickly return to its long-term growth trajectory, according...Once pandemic saviors, U.S. food delivery apps now under fireMeal delivery services became essential during the pandemic, when millions of Americans were under lockdown and restaurants were shut to visitors.But these days the platforms...Will India’s coal shortage derail its economic recovery?India is facing a looming power crisis as coal supplies run low.More than half of its 135 coal-fired power plants have less than three days...Almarai third-quarter net income slips amid continued pandemic headwindsSaudi Arabia's Almarai, the Middle East's biggest dairy company, said net income for the third quarter fell an annual 34 per cent on lower margins...French Vogue marks 100 years but is it still in fashion?French Vogue has been setting trends for a century, from the post-war "New Look" of Christian Dior through the sexual liberation of the 1960s to...Report touts benefits of second jobs for workers, firmsJapan's largest business lobby recently released a report it says shows the benefits that can come from allowing people to take on secondary employment, with...Canadian oil companies seek government support to build carbon capture facilitiesOil and gas companies are asking the Canadian government to design a tax credit to pay for 75 per cent of the cost to build...More than 130 countries reach deal on corporate minimum taxMore than 130 countries have agreed on sweeping changes to how big global companies are taxed, including a 15% minimum corporate rate designed to deter...Samsung forecasts near-30% jump in Q3 operating profitSouth Korean tech giant Samsung Electronics defied the global supply chain challenges to forecast a near-30-percent jump in third-quarter operating profits on Friday.The world's biggest...IMF says trimming global growth forecast due to rising risksThe head of the International Monetary Fund says the agency is trimming its forecast for global growth this year.IMF Managing Director Kristalina Georgieva cited rising...Hospitality industry urges leaders to ease Covid travel restrictionsThe number of travel and tourism jobs worldwide is expected to grow only 0.7 per cent this year, with the sector hampered by movement restrictions...Gov't to sell ¥1 tril tranche of Japan Post sharesThe Japanese government plans to sell by early November a 1 trillion yen tranche of shares in Japan Post Holdings Co, a postal and financial...Japan's largest labor organization Rengo gets 1st female chiefTomoko Yoshino became the first-ever female chief of Japan's largest labor organization Rengo on Wednesday after her promotion from vice president was approved at a...Chinese developer Fantasia fails to make debt paymentsAnother Chinese homebuilder has hit financial trouble after it missed payments on debt obligations, adding to worries over the country's property sector as embattled giant...Rapid economic rebound underpins higher oil prices, TotalEnergies chief saysThe sharp rebound in the global economy from the Covid-19 pandemic has brought greater demand for oil than expected and driven prices higher, the head...How to pay off debts after a summer splurgeThe joy of greeting your friends in a cafe or restaurant, the giddiness of seeing the world rushing by below you from the seat of...Volvo recalls older cars in U.S.; Takata air bag inflators can explodeVolvo is recalling nearly 260,000 older cars in the U.S. because the front driver’s air bag can explode and send shrapnel into the cabin.The recall...India's services activity remained strong in Sept, hiring resumedIndia's services industry expanded for a second straight month in September, bolstered by improved domestic demand and easing COVID-19 restrictions, pushing firms to hire more...Trading of China's Evergrande shares in Hong Kong suspendedShares in troubled real estate developer China Evergrande Group and its property management unit Evergrande Property Services were suspended from trading in Hong Kong on...New US China trade plan leaves industry hungry for specificsHaving waited eight months for U.S. Trade Representative Katherine Tai's promised "top-to-bottom" policy review of trade with China, some U.S. industries and experts were complaining...Investors eye Big Tech as stock market wobblesTechnology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on...What to consider before investing in cryptocurrenciesInvesting in cryptocurrency can be as easy as a few taps on your phone and with the asset class all over the news and coming...Europe needs an energy policy free of other leading power blocsIn May 2019, the US Department of Energy wanted “molecules of US freedom to be exported to the world”, a Trump administration official said. Liquefied...Three ways to invest $10,000 in the next three monthsThe global economy is on a knife edge. Although we appear to be putting the pandemic behind us, we haven’t reached full escape velocity yet.New...China increases efforts to contain Evergrande crisis and not save itAs China Evergrande Group edges closer to a massive restructuring, Beijing has stepped up efforts to limit the fallout, signaling its willingness to prop up...Adnoc Drilling to start trading on Abu Dhabi bourse after raising $1.1bn through an IPOThe drilling unit of Abu Dhabi National Oil Company will start trading on the Abu Dhabi Securities Exchange on Sunday. The company raised over $1.1...Can Emma Raducanu serve her way to a net worth of $1bn?Four months into her first Women’s Tennis Association (WTA) season, Emma Raducanu made history by winning the US Open. Now talent managers and branding experts...Union jobs? Ford's plan for new EV factories raises questionFord’s blockbuster announcement last week that it would build four sprawling new factories in Kentucky and Tennessee by 2025 and hire nearly 11,000 workers raised...Generation Start-up: Mother Being destigmatises reproductive health to empower womenNour Emam is a social media-savvy doula, educator and women's health advocate with a cause: teaching women about reproductive health in a safe space that...Bond investors prepare for worst year in decades on hawkish FedGlobal bond investors are facing their worst year at this point in more than two decades after a sell-off in September triggered by hawkish statements...‘Do I have to compensate my employer for my visa if I quit during probation?’Am I supposed to pay my company compensation for my visa if I quit the job before completing six months? HA, Abu DhabiThis topic has...Nissan expands R&D with new safety advancement lab in North AmericaNissan has expanded its Michigan-based engineering center, Nissan Technical Center North America (NTCNA), with a more than $40 million dollar Safety Advancement Lab for vehicle...UAE salaries: What are the most in-demand aviation jobs and how much do they pay?The global aviation industry is steadily recovering on the back of economies reopening, the easing of pandemic-induced travel restrictions and accelerated vaccination programmes.As the appetite...Bahrain opens sea-to-air logistics hub to cut costsBahrain launched the region's fastest sea-to-air logistics hub on Wednesday, as the kingdom seeks to diversify its economy. The hub is expected to cut costs...Vietnam's lockdown ensnares world's clothing giantsFrom shoes and sweaters to car parts and coffee, Vietnam's strict and lengthy coronavirus lockdown has sparked product shortages among worldwide brands such as Nike...Unemployment Jordan's 'biggest threat', finance minister saysJordanian Finance Minister Mohamad Al Ississ appealed to the international community on Wednesday to better support Jordan's economy as it continues to shoulder a heavy...United Airlines to dismiss 593 workers who refused vaccinesUnited Airlines will dismiss nearly 600 employees who refused to comply with a requirement to be vaccinated for COVID-19, company officials said Tuesday.Besides the 593...OPEC long-term outlook with crude at 3-year highs: rosyWhile acknowledging the inevitable advance of alternative energy sources and technology, OPEC said that oil would be the leading energy source for decades to come...World Bank cuts Asia growth outlook, calls for virus actionThe World Bank on Tuesday cut its economic growth forecast for developing countries in East Asia due to the impact of the coronavirus’s delta variant...Why NFT investors should help offset climate concerns when they buy digital artThe rapidly expanding non-fungible token (NFTs) market has attracted the attention of several global industries while reeling in millions of dollars in trades. However, the...Hikma Pharmaceuticals buys US-based Custopharm to boost injectables businessHikma Pharmaceuticals is buying generic sterile injectables company Custopharm as it looks to boost its needle-based treatments business in the US in a deal worth...Ford to add 10,800 jobs making electric vehicles, batteriesFord and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025 — a dramatic...Interest in sustainable investing on the rise in UAE, survey findsSeventy-four per cent of UAE investors want to leave a positive legacy through sustainable investing compared with a global overage of 65 per cent, according...UK's Labour Party outlines plan to scrap business rates and end tax relief schemesBritain's Labour Party has said it would scrap business rates and close some tax relief schemes it says do not benefit the public or the...Why the hydrogen prize for the UAE is vastHardly a day goes by without more announcements in the field of hydrogen. This year’s Gastech conference, which concluded last week in Dubai, brought yet...COVID-19 vaccine boosters could mean billions for drugmakersBillions more in profits are at stake for some vaccine makers as the U.S. moves toward dispensing COVID-19 booster shots to shore up Americans' protection...Generation Start-up: This PropTech company is simplifying real estate buyingWhen Hatim Khan worked as a finance director with a brand franchise operator in Kuwait, he realised the investment potential of Dubai real estate because...Celebrity net worth: How Virat Kohli is banking on wellness to boost his $86m fortuneVirat KohliIndian cricketer Virat Kohli may be stepping down as captain of the country’s T20 national team when the T20 World Cup comes to an...Drive for Britain! UK scrambles for truckers amid supply woeIn Britain, this is the season of shortages: Milkshakes were off the menu for weeks at McDonald's, chicken has been in short supply at KFC,...Greece plans to shut down coal-fired power plants by 2025Greece is moving faster than expected to phase out coal-fired power plants, as the government of Prime Minister Kyriakos Mitsotakis steps up efforts to tackle...