Dubai port and logistics giant DP World said Thursday its net profit for 2018 rose over five percent on increased trade and higher returns from new acquisitions.
The global provider, which runs port operations in over 40 countries, said in a statement that it posted a net profit of $1.27 billion in 2018, compared to $1.21 billion the previous year.Full Story
Britain's economy faces major possible risks in the event of a "no deal" Brexit including recession, a collapse in the pound, surging inflation, and multinationals leaving the UK.
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The United Arab Emirates has slammed a European Union decision to add it to a tax haven blacklist despite the Gulf state's efforts to meet EU requirements.Full Story
Britain will slash import tariffs in case of a no-deal Brexit and will not apply customs checks on the border with Ireland, the government said on Wednesday.Full Story
The European Union expanded its tax haven blacklist by 10 countries on Tuesday, adding the United Arab Emirates and Bermuda despite the objections of powerful member states such as Italy.Full Story
Vishal Chowdhary is young, bright and armed with an MBA. But he has spent two years struggling to find work in India's sluggish jobs market -- a major headache for Prime Minister Narendra Modi ahead of looming elections.Full Story
Larmakers Renault, Nissan and Mitsubishi Motors announced the creation of a joint board Tuesday, as they seek to plot a future for their alliance after the downfall of former boss Carlos Ghosn.
The new board structure will be headed by Renault Chairman Jean-Dominique Senard and replaces two previous bodies based in the Netherlands -- one joining Renault and Nissan, the other combining Nissan and Mitsubishi Motors.Full Story
Trade tensions between the US and China will hammer air cargo this year, an industry body warned Tuesday, the latest sign the tariff slugfest is damaging the global outlook.Full Story
Crude production is set to continue expanding in the United States thanks to shale oil, with the country becoming a net exporter from 2021, a development which should reinforce global energy security, the IEA said Monday.Full Story
Tumbling shares in U.S. aviation giant Boeing on Monday tore a hole in the Dow Jones Industrial Average, sending the benchmark index into the red for a sixth day.Full Story