Dubai Telegraph

Featured

French PM announces concession in bid to end budget standoff

French Prime Minister Michel Barnier on Thursday announced a major concession in a bid to end a standoff with the opposition over the budget, which has caused jitters on financial markets and risks bringing down his minority government.

Uber and Bolt unveil women-only service in Paris

Two rival ride-hailing platforms announced on Thursday options allowing Parisian women to order a car driven by a female driver in a bid to ensure "greater safety" for its customers.

Last news

Texas law against blocking online posts on hold for now

The US Supreme Court on Tuesday put back on hold a controversial Texas law barring social media platforms from "censoring" posts based on viewpoints.

Workers recall rape, beatings at VW Brazil unit: prosecutor

Victims forced to work in slave-like conditions at a Brazilian property owned by Volkswagen during the country's dictatorship recount "grave and systematic" abuses, including rapes, beatings and being tied to trees, a prosecutor said Tuesday.

Global chip shortage likely to last through 2023: US official

The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned on Tuesday.

Spain partially reopens enclaves to Moroccan workers

Spain opened the borders of its North African enclaves Ceuta and Melilla to Moroccan workers on Tuesday, two years after their closure and following the resolution of a drawn-out diplomatic crisis.

US consumer confidence deteriorated in May: survey

Americans' feelings about the economy deteriorated in May amid concerns about job prospects, but remained relatively strong even as high inflation bites, according to a survey released Tuesday.

Biden, Fed chair discuss US inflation at White House

President Joe Biden on Tuesday holds a rare White House meeting with the head of the Federal Reserve, Jerome Powell, to discuss soaring inflation and White House attempts to tame the politically damaging price surge ahead of midterm elections.

India growth slows on inflation, higher oil prices

India's growth slowed further in the first three months of 2022, the National Statistics Office said Tuesday, with inflation and higher oil prices denting a post-pandemic recovery.

Eurozone stocks sink as inflation accelerates to record high

Eurozone equity markets sank Tuesday on news that the region's inflation rate has spiked to another record high in May on fallout from Russia's invasion of Ukraine.

Eurozone inflation soars to new record over Ukraine war

Eurozone inflation accelerated to another record high in May, data showed Tuesday, as the war in Ukraine stoked energy and food prices and threatened to flatline the economy.

Shanghai prepares to lift more Covid curbs after lengthy lockdown

Shanghai authorities said Tuesday they will lift more restrictions in steps to return the Covid-hit city to normality, after two months of heavy-handed restrictions that throttled businesses and locked down residents.

French ex-chambermaid runs for MP after labour battle

Former chambermaid Rachel Keke took on her employers and won a gruelling battle for better working conditions in the Paris hotel where she cleaned. Now she's running to be an MP.

French economy shrinks as inflation dents confidence

France's economy contracted in the first quarter under the impact of soaring inflation, data showed Tuesday, increasing the risks for President Emmanuel Macron in key parliament elections less than two weeks away.

Markets mixed as inflation, rate worries temper rally

Stock markets were mixed Tuesday as investors battled to maintain a global rally, with inflation still niggling over a pick-up in oil prices while a top Fed official pressed for a series of sharp rate hikes.

Israel signs UAE free trade deal, its first in Arab world

Israel signed a free trade deal with the United Arab Emirates on Tuesday, its first with an Arab country, building on their US-brokered normalisation of relations in 2020.

Asian markets mixed as inflation, rate worries temper rally

Asian markets were mixed Tuesday as investors battled to maintain a global rally, with inflation continuing to niggle owing to a pick-up in oil prices while a top Federal Reserve official pressed for a series of sharp interest rate hikes.

Starling bank's Anne Boden takes fintech out of London

Gazing out from the new offices of online bank Starling, Anne Boden sees the familiar, modest surroundings of the Welsh capital Cardiff rather than the skyscrapers of London's City financial district.

Asian markets swing on new inflation, rates concerns

Asian markets fluctuated Tuesday as investors struggled to maintain a global rally, with inflation continuing to niggle owing to a pick-up in oil prices while a top Federal Reserve official pressed for a series of sharp interest rate hikes.

Denmark votes on scrapping EU defence opt-out

After staying out of the European Union's common defence policy for 30 years, Denmark votes Wednesday in a referendum on whether to overturn its opt-out after Russia's invasion of Ukraine.

Mexico president's tourist train suffers new legal blow

A Mexican judge has indefinitely suspended construction of part of President Andres Manuel Lopez Obrador's flagship tourist train project in the Yucatan peninsula on environmental grounds, campaigners said Monday.

Equity markets extend rally as China eases curbs

Stock markets in Asia and Europe were higher Monday as investors were cautiously optimistic, despite concerns over inflation, as China eases some of its strict Covid curbs in Shanghai and Beijing.

Norwegian buys 50 Boeing 737 MAX, ending dispute

Low-cost carrier Norwegian Air Shuttle said Monday it would buy 50 Boeing 737 MAX 8 planes, ending a dispute between the companies and helping revive the US-made aircraft after two deadly crashes.

Thousands quarantined after Beijing man breaks Covid rules

A Beijing man has landed thousands of his neighbours in quarantine after he ignored an order to stay at home and later tested positive for Covid, prompting a police investigation.

Bodies pulled from wreckage of Nepal plane

Nepali rescuers on Monday retrieved 16 bodies from the mangled wreckage of a passenger plane strewn across a mountainside that crashed in the Himalayas with 22 people on board.

Equity markets extend Wall St rally as China eases curbs

Markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some of its strict Covid curbs in Shanghai and Beijing, lifting hopes for the world's number two economy.

Bodies pulled from wreckage of missing Nepal plane

Nepali rescuers pulled 14 bodies on Monday from the mangled wreckage of a passenger plane strewn across a mountainside that went missing in the Himalayas with 22 people on board.

Asian markets extend Wall St rally as China eases curbs

Asian markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some of its strict Covid curbs in Shanghai and Beijing, lifting hopes for the world's number two economy.

Nepal army finds wreckage of missing plane

Nepali rescuers found on Monday the crash site of a missing passenger plane that went down with 22 people on board, the army said.

Tech giant Grab's female co-founder blazes a trail

As co-founder of multi-billion dollar ride-hailing and food delivery firm Grab, Tan Hooi Ling is already smashing stereotypes in tech but she's also trying to blaze a trail for the next generation of female entrepreneurs in the industry.

Heartbroken Texas school massacre town begs Biden to 'do something'

Desperate pleas for a stop to the gun massacres plaguing the United States rang out Sunday during President Joe Biden's visit to Uvalde, where he prayed for the 19 children and two teachers slain by a teen gunman in the small Texas town.

EU struggles to break deadlock on Russian oil ban before summit

Ambassadors from the 27 European Union member states on Sunday examined a compromise mooted to enable them to break the deadlock on a Russian oil embargo ahead of an emergency summit in Brussels.

Biden prays in heartbroken Texas school massacre town

A distraught US President Joe Biden laid flowers and prayed Sunday at the makeshift shrine erected in Uvalde to the 19 children and two teachers murdered by a teen gunman after he stormed their elementary school.

EU seeks to break deadlock on Russian oil ban before summit

Ambassadors from the 27 European Union member states on Sunday examined a compromise that could enable them to break the deadlock on a Russian oil embargo ahead of an emergency summit in Brussels this week.

36 years later, 'Top Gun' again tops N.America box office

Much-anticipated action film "Top Gun: Maverick" was expected to have a big opening and it did not disappoint, taking in an estimated $151 million in North America for the four-day Memorial Day weekend, industry watcher Exhibitor Relations reported.

Sri Lanka police tear-gas students in fresh clashes

Police fired tear gas to disperse thousands of students trying to storm the Sri Lankan president's home Sunday as the government offered an olive branch to demonstrators demanding his resignation.

Plane with 22 on board missing in Nepal

Nepali rescuers scoured a remote area of the lower Himalayas by helicopter and on foot Sunday after a passenger plane with 22 people on board went missing.

Nepal flight missing with 22 on board

A passenger plane with 22 people on board went missing in Nepal on Sunday, the operating airline and officials said, as poor weather hampered a search operation.

Toxic smoke and suspicious plastic plant fires in Turkey

The number of fires breaking out in plastic recycling plants has soared in Turkey.

Traffic jams just a maths problem, says Israeli AI firm

Israel's traffic congestion ranks near the worst among developed economies but an algorithm can help, says one of the country's IT firms engaged in the auto and mobility sector.

UK companies to trial four-day workweek

Louis Bloomsfield inspects the kegs of beer at his brewery in north London, eagerly awaiting June, when he will get an extra day off every week.

Dubai Telegraph - Economy (English)