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Trade war may cost China 700,000 jobs: JP Morgan - Dotemirates

Trade war may cost China 700,000 jobs: JP Morgan

Bloomberg The tariff battle with the US will probably cost China 700,000 jobs, or more in the event of further escalation.The job losses would come if the US imposes 25 percent tariffs on $200 billion in Chinese exports and China retaliates by devaluing its currency by 5 percent and adding to levies on US goods, according to economists led by Haibin Zhu at JPMorgan Chase & Co. If China doesn’t retaliate at all, 3 million people could lose their jobs, they wrote in a research note on Tuesday.Things may get even worse: if the US imposes 25 percent tariffs on...


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UAE News

09/07/2019

The Location Of The Abandoned Plane That Everyone Takes Pics For Instagram With

If you’re looking for the perfect Instagram location to up your social game, you need to visit the abandoned plane in the desert that everyone seems to have a pose with. Located on the Umm Al Quwain to Ras Al Khaimah highway people often stop to take photos. The Palma Beach Hotel said that it randomly landed there sometime in 1999 and has been there ever since. The plane used to be open for the public to go inside but has since been closed. Nonetheless the outside still looks pretty awesome! Honestly, if you’re looking for that wild side photo...
09/07/2019

Dubai bus crash: Barrier installed in wrong spot, says lawyer

The lawyer of the Omani bus driver -- who caused the crash that left 17 people dead last month -- argued that the height restriction barrier that tore through the vehicle violated GCC guidelines and standards.Defence lawyer Mohammed Saif Al Tamimi told the traffic prosecution that the barrier was inappropriately installed and did not meet certain requirements."The GCC guideline stated that if the road's speed limit is 60kmph, the distance between a warning signboard and a height restriction barrier should be 60m," Al Tamimi told the court. Families devastated, survivors horrifiedDubai's traffic prosecution demanded that penalties be imposed on the...
09/07/2019

Volunteers to be roped in for Dubai Police's community outreach plan

The Dubai Police are planning to team up with the consulates of India, Pakistan and the Philippines - the three largest expat communities in UAE - to launch a community awareness project which aims at conveying police messages through "qualified" volunteers to the masses to enhance their security and safety.   The plan to start the community project was mooted during a recent meeting between the department of security awareness in the public administration for the welfare of the community and the department of diplomatic and consular affairs at the criminal investigations, along with the representatives of the three consulates. The...

09/07/2019

Dubai driver blackmails sponsor's daughter with their sex clips

A driver and a woman have been charged with having sex out of wedlock in UAE. The case came to light after the driver threatened to post their sex videos online, and the woman filed a case against him. The 33-year-old Indian driver was in a sexual relationship with his sponsor's daughter and had threatened to publish their sex clips if she tried to end their 4-year long relationship. The driver confessed to blackmailing her - asking his sponsor's daughter to either marry him or pay him Rs3 million (approx. Dh160,558) to not disclose the affair. The Indian woman lodged...
09/07/2019

Two Indians win $1 million each at Dubai Duty Free raffle

Two Indian nationals living in the UAE got richer by $1 million each on Tuesday after their names were picked in the Dubai Duty Free raffle.Jaya Gupta, a 71-year old owner of a trading company in Dubai, became a dollar millionaire when her ticket number 0993 was drawn in Series 303. A resident of Dubai for 35 years now, Gupta is a regular participant in the promotion since its inception in 1999 and bought her winning ticket before her flight to Mumbai to visit her mother.When asked about her plans with her winnings, she said, "Since I started buying tickets...
09/07/2019

Sharjah Ruler issues Decree restructuring SUPC’s Board

SHARJAH, 9th July, 2019 (WAM) -- H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Emiri Decree on restructuring the Board of Directors of the Sharjah Urban Planning Council (SUPC). The Emiri Decree No. (20) of 2019 stipulates that the new Board of Directors of the Sharjah Urban Planning Council will be under the chairmanship of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, and the membership of Salah Butti Obaid Bin Butti Al Muhairi, Advisor of Sharjah Planning and Survey Department, as the vice chairman; Dr. Rashid Obaid Jumaa Al Leem,...