By Philip Whiteside Crown Prince Mohammed bin Salman says he sees the chance to invest $100bn in India as he meets prime minister Narendra Modi. India’s PM Narendra Modi (R) shakes hands with Saudi Crown Prince Mohammed bin Salman Saudi Arabia’s crown prince says his country is ready to share intelligence with India, a day […] Read more
By: Maja Zuvela Smoke rises from coal-fired power plant in Obilic near Pristina, Kosovo November 1, 2018. Environmentalists urged EU policy makers on Tuesday to take a tougher stance on air pollution from coal power plants in the Western Balkans, blaming the fumes for 3,900 deaths across Europe each year. The 16 Communist-era plants with […] Read more
By Abbas Al Lawati The worst is yet to come for Dubai’s real estate after prices already plunged close to levels last seen during a crash a decade ago, according to S&P Global Ratings. A supply glut has built up even as demand faltered, feeding what S&P is calling the market’s “long decline” that’s seen […] Read more
By Alexander J Martin It is unclear whether the web giant or Kremlin officials have backed down to avoid a looming conflict. Roskomnadzor has sent repeated requests to Google requiring it to route Russian citizens’ web searches through a government filtering system. However, the head of the regulator, Alexander Zharov, told state-owned news agency TASS […] Read more
By Peter Laca and Krystof Chamonikolas The Czech central bank will probably keep borrowing costs unchanged for a second meeting, prolonging a pause in rate hikes to digest signals of a potential economic slowdown in the euro area. As the European Central Bank faces diminishing prospects of raising its own rates this year, its Czech […] Read more
By David Mercer The fashion brand faces criticism for the black balaclava jumper which features a cut-out at the mouth that is outlined in red. The Gucci jumper is being sold for $890 (£688). Pic: Gucci/Spring Gucci has been embroiled in a racism row after shoppers complained a women’s jumper resembled “blackface”. The Italian fashion […] Read more
By Lydia DePillis The US economy added 304,000 jobs in January, a surprisingly strong month of hiring as employers continue to bring in new workers. January was the 100th straight month of job gains. The Labor Department said the government shutdown that lasted more than a month had “no discernible impacts” on hiring and wages, […] Read more
By Kathryn Vasel Mass layoffs are back in the news. January was particularly brutal for journalists. Buzzfeed announced it was reducing its workforce by 15%. Verizon cut about 7% of media divisionstaff. And Gannett, the nation’s largest newspaper chain, slashed dozens of jobs across the country. Hearing the news that you’ve just been laid off can be a devastating […] Read more
A $1 million settlement for a company with annual revenues of $270 million is not usually enough to bat an eyelash, except when it has to do with North Korea. The U.S. Office of Foreign Assets Control says e.l.f. Beauty imported 156 shipments of false eyelash kits, valued at $4.43 million, from two suppliers located […] Read more
By Hanna Hoikkala The waterfront in the old city area of Stockholm The holding company that manages about $37 billion in assets for Sweden’s Wallenberg family says political risk stemming from trade wars and Brexit could have serious repercussions for a number of its investments. Johan Forssell, the chief executive officer of Investor AB, says […] Read more
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