Citigroup has a busy time ahead staying out of Chinese politics. Chief Executive Mike Corbat has so far avoided taking sides on Beijing’s controversial security law targeting sedition, terrorism, and …
Atradius: UAE firms fear spike in payment defaults as pandemic chokes business
Corporations in the United Arab Emirates expect increased delays in payments from customers, a growing risk of default and an overall weakening in business performance as the country copes with the …
Expats Are Leaving Dubai, and That’s Bad for the Economy
Oxford Economics estimates the United Arab Emirates, of which Dubai is a part, could lose 900,000 jobs — eye-watering for a country of 9.6 million — and see 10% of its residents uproot. Newspapers …
Starting A Business During A Downturn: The Stories Behind Two Dubai Ventures That Launched Amid The COVID-19 Crisis
“I think that the importance of having an online presence has proven key in this environment. That decision could make or break a business right now, especially with the restrictions seen around the …
FAO: Azerbaijan to achieve significant results within agri-food project
BAKU, Azerbaijan, June 9 By Fidan Babayeva – Trend: Azerbaijan will achieve significant results in 2020 by implementing the project Development of sustainable and inclusive local agri-food systems in …
Michael Jordan’s boat nabs 442-pound marlin
He is a Hall of Fame basketball player, gave baseball a try and now apparently came out on top against a marlin weighing 442 pounds. Michael Jordan and the crew of his 80-foot fishing boat named …
The Latest: Malaysia reopens after 3-month lockdown
India reported a new rise of nearly 10,000 coronavirus infections Wednesday, with a total caseload of 276,583, the fifth highest in the world. The Health Ministry confirmed 9,985 new cases and 274 …
North Korea lashes out, says it will cut ties with South Korea
North Korea lashed out despite South Korea’s calls for new talks Tuesday, saying it was freezing all communication channels and vowing to treat Seoul as an “enemy” in what analysts say may be the …
Caterpillar, Komatsu, Volvo fail to address Myanmar jade mine abuses, charity says
C aterpillar Inc, Komatsu Ltd and Volvo AB – leading providers of machinery to Myanmar’s jade mines – have done little to address warnings about rampant abuses in the multibillion-dollar industry they …
S&P Cuts Outlook on Japan’s Debt Outlook
Follow Bloomberg on LINE messenger for all the business news and analysis you need.S&P Global Ratings revised down the outlook on Japan’s sovereign rating to stable from positive while keeping the …