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April 2019

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Markets

2,820.78 0.24%
Volume
214,776,912
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0.24%
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2,889
16
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8
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11
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5,346.29 1.03%
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52,134,308
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1.03%
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17
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1.6
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0.4
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0.28
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5.13
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1.09
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16.38
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0.42
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0.42
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0.39
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1.09
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0.59

#Business


12/03/2019

The Latest: NCAA reviewing 'troubling' bribery scheme

The Latest on a college admissions bribery scandal that has led to charges against coaches and celebrities (all times local): 1:40 p.m. The NCAA says it will look into claims made against college coaches and administrators in the admissions bribery scandal. In a statement, the NCAA says the "charges brought forth today are troubling and should be a concern for all of higher education." Most NCAA rules that regulate recruiting are aimed at preventing schools and coaches from giving improper benefits and enticements to athletes. In this case, parents were paying coaches to help students gain entry to college by...
11/03/2019

Donor claimed Chinese clients could mingle with Trump

A company run by a donor to President Donald Trump claimed it could provide Chinese clients with a chance to mingle and take photos with the president, along with access to his private club in Palm Beach, Florida. It remains unclear how much Li Yang charged for the services and whether she was ever hired to provide them. But the company's claims and other eyebrow-raising activity, which were first reported by The Miami Herald and Mother Jones, mark the latest in a litany of complications and ethical issues stemming from Trump continuing to own and operate a private club where...
10/03/2019

Presidential hopeful Castro isn't ruling out reparations

Democratic presidential candidate Julian Castro isn't ruling out direct payments to African-Americans for the legacy of slavery — a stand separating him from his 2020 rivals. "If under the Constitution we compensate people because we take their property, why wouldn't you compensate people who actually were property," the former Obama-era housing secretary and ex-San Antonio mayor said on Sunday. Castro was among the last of a pack of 2020 candidates to speak at the South by Southwest Festival in Texas, in what amounted to one of the biggest gatherings of the Democratic field yet. As Democrats have addressed reparations in...

10/03/2019

Amazon lobbies to exempt employees from labor protections

Many of Amazon's Seattle-area employees would be exempt from new labor protections in a bill passed by the state Senate after lobbyists for the tech giant pushed to change a key threshold in the rules. The protections would partially prohibit non-compete clauses — controversial agreements used by tech companies and others to block employees from going to work for competitors or launching rival startups. Lawmakers say Amazon lobbied to have the income threshold set at a level that would likely exempt many workers in Seattle. The effort came as the company has expanded its presence in the state capital, where...
07/03/2019

Obama says he based decisions on 'facts, reason and logic'

Former President Barack Obama said Wednesday that he tried to build a culture centered around problem-solving and not personal gain while in the White House — an effective strategy for any organization that also prevents "big scandals and indictments." Obama's comments drew applause from a crowd of about 9,000 people at a business conference in Salt Lake City. Obama didn't mention President Donald Trump and wasn't asked about him during a question-and-answer session, but he made several comments that seemed to allude to the state of the country and the Trump administration. "Things like rule of law, democracy and you...
06/03/2019

Colorado, baker end legal spat over transgender woman's cake

A Colorado baker who refused to make a wedding cake for a gay couple on religious grounds — a stance partially upheld by the U.S. Supreme Court — and state officials said Tuesday that they would end a separate legal fight over his refusal to bake a cake celebrating a gender transition. Colorado Attorney General Phil Weiser and attorneys representing Jack Phillips said they mutually agreed to end two legal actions, including a federal lawsuit Phillips filed accusing the state of waging a "crusade to crush" him by pursuing a civil rights complaint over the gender transition cake. Phillips' attorneys...

18/02/2019

Mandarin Oriental’s Newest Resort Makes its Middle Eastern Debut with Tantalizing New Wave of Luxury Room Package

Dubai, UAE – Mandarin Oriental is delighted to introduce the Group’s legendary hospitality to the Middle East with the opening of Mandarin Oriental Jumeira, Dubai which was developed by wasl Asset Management Group, one of the largest real estate development and management companies in Dubai.Located in the heart of Dubai, and a stone’s throw from the water’s edge, the resort is set to bring a new wave of chic design and luxury experiences to the shores of the city. Designed by acclaimed international designer Jeffrey Wilkes, the property features 256 spacious and elegant guest rooms and suites, most with private...

An in-depth analysis of Patanjali’s invasion into the fashion segment

Patanjali Ayurved, the Baba Ramdev led Indian consumer goods company, after making its mark in FMCG sector, has forayed into the fashion sector with the launch of Patanjali Paridhan in November last year. Patanjali opened its first store, which houses three sub labels – a menswear brand Sanskar, womenswear brand Aastha and a unisex sportswear brand Livfit – in New Delhi, as per Financial Express. After invading the fashion sector, the Indian consumer goods company is trying to maintain its status of ‘purely desi products’ in the fashion sector too. The firm recently launched an advertisement campaign for its fashion...
18/02/2019

4 things you’re doing wrong while buying health insurance

It’s common knowledge that health insurance isn’t optional in Dubai anymore. There are dozens of insurance companies vying for your business with products ranging from plain vanilla to premium. To make things easier, UAE residents earning up to AED 4,000 per month also have access to the Essential Benefits Plan, which is a basic insurance cover for healthcare services and medical emergencies. While most people understand the importance of having a robust health insurance cover, a striking majority does not ask the right questions while insuring themselves and ends up getting stuck with the wrong cover. Souqalmal.com has shortlisted the...

18/02/2019

The Soaring AKH Tower is Changing Dammam’s Skyline

Al Dammam, Saudi Arabia (AETOSWire): 2019 Serving as the new headquarters for the prominent Al Abdul Karim Holding (AKH) company in Dammam, the AKH Tower is now open for business. Designed and supervised by Dewan Architects + Engineers, the dramatic 37-storey building ranks as the tallest building in Dammam and the 30th tallest in the Kingdom of Saudi Arabia.Setting out to impress, the striking design of the AKH Tower – with its gleaming glass, geometric patterns and soaring height – is already a talking point in Dammam, the oil capital of Saudi Arabia’s Eastern Province. A compelling sight by day...
18/02/2019

UAE investment in US at $100 bn: Al Bowardi

ABU DHABI, 17th February, 2019 (WAM) - Total UAE investment in the US reached US$100 billion, said Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, during a dinner hosted by the US-UAE Business Council in Abu Dhabi today. Mohammed Al Bowardi talked about UAE-US holistic approach to combatting terrorism and attaining world peace and security . ''The UAE is proud of its 47-year-old ties with the US. In fact, our common history has strengthened ties of close, longstanding friendship, which is flourishing today,'' he added. He thanked the council for its dedicated efforts to further consolidating the...
18/02/2019

Huawei risk can be managed, say UK cyber-security chiefs

Any possible security risk posed to the UK by Chinese telecoms giant Huawei can be managed, cyber-security chiefs have said.The UK's National Cyber Security Centre's decision undermines US efforts to persuade its allies to ban the firm from 5G communications networks.The Chinese government is accused of using Huawei as a proxy so it can spy on rival nations.But Huawei has said it gives nothing to Beijing, aside from taxes. Australia, New Zealand, and the US have already banned Huawei from supplying equipment for their future fifth generation mobile broadband networks, while Canada is reviewing whether the company's products present a...