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Info minister affirms new studio vital pillar in upgrading info media system - Dotemirates
2 month 1 week

Info minister affirms new studio vital pillar in upgrading info media system

‘Studio Salmiya’ located on an area of 600 square meters KUWAIT CITY, Sept 11, (KUNA): Minister of Information and State Minister for Youth Affairs Mohammad Al-Jabri affirmed that the new Salmiya studio is considered to be an important pillar in the development process and upgrade of the information media system in the Ministry of Information through addition of modern high-quality equipment which are in line with the rapid development in the information media sector. In a statement he issued during the opening ceremony of the studio in Salmiya area, Minister Al-Jabri described the project as a pioneering one that is...


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Business News

55 minute 38 second

Jet Airways CEO says in talks with many investors

New Delhi: Jet Airways is in active discussions with various investors to secure sustainable financing, its CEO Vinay Dube has said. In a communication to Jet Privilege members, Mr Dube also said that the airline is deploying aircraft on more profitable, productive and economically-efficient routes. Grappling with financial woes, the full-service carrier is looking for investors to tide over the liquidity crisis, which has resulted in delayed payments to some vendors and salaries to a section of its over 16,000 employees. “We are in active discussions with various investors to secure sustainable financing to navigate through the current headwinds and...
1 hour 1 minute

Whistleblower seeks plea bargain in Ghosn’s case

Tokyo: Japan was shocked by news that Nissan Motor Co chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct. Nissan said that Ghosn, who is also chairman and CEO of Renault and chairman of Mitsubishi Motors, would be fired from his post as Nissan chairman on Thursday. Nissan CEO Hiroto Saikawa told a packed press conference on Monday night that the company had found that Mr Ghosn had been using corporate money for personal purposes and under-reporting his income for years in official company filings to...
1 hour 41 minute

Should every Australian be offered a government-funded job?

ABC News Breakfast By Patrick Wood The radical idea of offering every person a government-funded job is finding new supporters in Australia as proponents claim it could eliminate unemployment overnight.US economist Stephanie Kelton, who served as Bernie Sanders' economic adviser during the 2016 presidential campaign, is currently touring Australia to promote the concept she says isn't too good to be true."There is nothing to prevent the Australian government, if it chose to do so, from funding a large-scale government job program that would offer employment to anybody who wanted work and couldn't find it anywhere else in the Australian economy,"...

2 hour 32 minute

Kakadu plum plan aims to take a bite out of lucrative global medicine industry

By Matt Garrick Skin products and health drinks may soon be ripe with a quintessentially Northern Territory ingredient if a proposal to commercially harvest Kakadu plums gets off the ground.Traditional owners of Kakadu National Park are hoping to use their land to cultivate inroads into the traditional medicine market — an industry they have estimated to be worth up to $115 billion globally.The ambitious plan by the Gundjeihmi Aboriginal Corporation to wild harvest the plums — a small, green native food with proven health benefits due to its high levels of vitamin C — was released on Tuesday for comment."Traditional...
2 hour 37 minute

Trump wants Fed to cut interest rates after stock-market wipeout, but history not on his side

After the latest stock-market drubbing, President Donald Trump said Tuesday he’d like the Federal Reserve to cut interest rates. But that may be wishful thinking. The U.S. is on track to grow 3% annually in 2018 for the first time in 13 years and the unemployment rate has fallen to a 48-year low of 3.7%. The Fed has cut rates a few times when gross domestic product appeared strong, albeit it briefly, but almost never when both growth was stable and unemployment low. There’s no example of the Fed doing since the end of World War II. Shortly before flying...
2 hour 39 minute

Careem looks to raise up to $200 million in China

HONG KONG: Careem, Uber’s main Middle East rival, is looking at raising between $100 million and $200 million from Chinese investors, a source with direct knowledge of the matter told Reuters.Investment bank China International Capital Corporation (CICC) is advising Dubai-based Careem, but it was not immediately clear when or if a deal would be finalized, the source said, adding there was a lack of familiarity and interest among Chinese investors in Middle Eastern start-ups.Beijing-based CICC and Careem both declined to comment.Reuters reported on Monday that CICC and New York-based investment bank Jefferies were both advising Careem on potential investment options...