The world does not stand still, but that just makes it more interesting, said Daniel Yergin in the VIP room at the Russian Energy Week forum in Moscow last week, and it seemed an appropriate metaphor for the career and lifestyle of the 72-year-old doyen of the global energy industry. Yergin was ubiquitous at the…
The world does not stand still, but that just makes it more interesting, said Daniel Yergin in the VIP room at the Russian Energy Week forum in Moscow last week, and it seemed an appropriate metaphor for the career and lifestyle of the 72-year-old doyen of the global energy industry. Yergin was ubiquitous at the…
The world does not stand still, but that just makes it more interesting, said Daniel Yergin in the VIP room at the Russian Energy Week forum in Moscow last week, and it seemed an appropriate metaphor for the career and lifestyle of the 72-year-old doyen of the global energy industry. Yergin was ubiquitous at the…
The tight security ring around Moscow’s Manege conference center has been dismantled, the last matryoshka doll bought in the over-priced souvenir shops in Red Square, and the final egg and cabbage roll eaten in the Russian Energy Week (REW) media center. It is time to reflect on a flying visit to the Russian capital for…
TOKYO: Japanese Prime Minister Shinzo Abe said on Friday the government was ready to take “all possible steps” if risks to the economy intensified, signaling a fiscal-stimulus boost in the event this month’s sales tax hike triggers a sharp downturn in growth. Abe’s remark came as the bitter US-China trade war and soft global demand…
TOKYO: Japanese Prime Minister Shinzo Abe said on Friday the government was ready to take “all possible steps” if risks to the economy intensified, signaling a fiscal-stimulus boost in the event this month’s sales tax hike triggers a sharp downturn in growth. Abe’s remark came as the bitter US-China trade war and soft global demand…
LONDON: Britain’s economy appears to have tipped into recession as firms brace for the risk of a disruptive Brexit in just a few weeks’ time, according to a survey which showed the dominant services sector took an unexpectedly sharp downturn last month. Prime Minister Boris Johnson has promised to take Britain out of the EU by…
LONDON: Britain’s economy appears to have tipped into recession as firms brace for the risk of a disruptive Brexit in just a few weeks’ time, according to a survey which showed the dominant services sector took an unexpectedly sharp downturn last month. Prime Minister Boris Johnson has promised to take Britain out of the EU by…
STOCKHOLM: H&M posted its first rise in quarterly pretax profit in more than two years on Thursday as the world’s second-biggest fashion retailer said its drive to meet rapid changes in the market were on track. H&M has been spending heavily on reviving its business after years of falling profits and growing inventories due to slowing…
MOSCOW: Russia and Saudi Arabia are planning to clinch a raft of business and investment deals worth hundreds of millions of dollars during the forthcoming state visit by President Putin to the Kingdom, according to one of the leaders of the Russian business scene. Kirill Dmitriev, CEO of the Russian Direct Investment Fund, told Arab News…
MOSCOW: The relationship between Saudi Arabia and Russia brings an opportunity for “perpetual stability” in global oil markets, Prince Abdul Aziz bin Salman, the Kingdom’s energy minister, told a gathering of energy industry leaders in Moscow. “We could not be doing better than what we are doing today. It’s quite a marriage of convenience. We are…
MOSCOW: The relationship between Saudi Arabia and Russia brings an opportunity for “perpetual stability” in global oil markets, Prince Abdul Aziz bin Salman, the Kingdom’s energy minister, told a gathering of energy industry leaders in Moscow. “We could not be doing better than what we are doing today. It’s quite a marriage of convenience. We are…
SYDNEY: New Zealand outdoor clothing maker Kathmandu Holdings said that it will buy Rip Curl Group for A$350 million ($236 million) in a deal that leaves the last of Australia’s big three surf brands under overseas control. Kathmandu said that the acquisition would make it a NZ$1 billion ($625 million) company, expand its presence in Europe…
LONDON: Turkey has reported a sharp drop in tourists from Saudi Arabia and the wider Gulf this year, according to government data. The number of Saudi tourists visiting the country dropped by more than 28 percent in August compared with a year earlier, according to figures from the Turkish Ministry of Culture and Tourism. Arrivals from…
SYDNEY: Australia’s central bank cut interest rates for the third time this year on Tuesday in a bid to stimulate a sluggish economy and signaled it was prepared to do more if needed, knocking the local dollar to a one-month low. The country’s economy has expanded for 28 years without a recession, but risks have intensified…
CAIRO: Thomas Cook has dues of 125 million Egyptian pounds ($7.7 million) to local operator Blue Sky Group, Blue Sky’s chairman Hossam El-Shaer said on Monday. Shaer did not give further details. Thomas Cook, the world’s oldest travel firm, collapsed last week, sparking a major tourist repatriation effort and a scramble for survival among many of…
NEW YORK: Technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from US stock exchanges. Apple Inc. rose 1.3 percent as CEO Tim Cook told a German daily, Bild, that iPhone sales were off to a strong start, and…
NEW YORK: Technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from US stock exchanges. Apple Inc. rose 1.3 percent as CEO Tim Cook told a German daily, Bild, that iPhone sales were off to a strong start, and…
LILLERS, FRANCE: White smoke billows from a chimney at a sugar beet factory in northern France, where a tanker truck is filling up on the region’s “white gold.” As the sugar beet harvesting season enters full swing, the Lillers plant of the world’s third-biggest sugar producer Tereos is a hive of activity, with trucks bearing consignments…
LILLERS, FRANCE: White smoke billows from a chimney at a sugar beet factory in northern France, where a tanker truck is filling up on the region’s “white gold.” As the sugar beet harvesting season enters full swing, the Lillers plant of the world’s third-biggest sugar producer Tereos is a hive of activity, with trucks bearing consignments…
