Dubai Telegraph

Featured

Trump tariffs threat casts chill over Canada

Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.

Trump tariff vow drives choppy day for markets

European markets closed lower on Tuesday while Wall Street bounced as investors digested incoming US president Donald Trump's warning that he would impose huge new tariffs on China, Mexico and Canada, raising fears of a trade war.

Last news

Space balloon company offers first look at luxury cabins

A new entrant in the space tourism market promises customers views of the Earth's curvature from the comfort of a luxury cabin, lifted to the upper atmosphere with a giant balloon.

Dubai's DEWA shares soar in Gulf's biggest IPO since 2019

Shares in the Dubai Electricity and Water Authority rose nearly 16 percent on Tuesday in the Gulf region's biggest initial public offering since Saudi oil giant Aramco in 2019.

Women brew brighter future in DR Congo coffee initiative

The afternoon sun beats down on Lake Kivu in eastern Democratic Republic of Congo, where on an island, row after row of coffee bushes are bringing forth a rich harvest of berries.

Crisis-hit Sri Lanka defaults on foreign debt

Sri Lanka announced a default on its $51 billion foreign debt Tuesday as the island nation grapples with its worst economic crisis in memory and escalating protests demanding the government's resignation.

Markets mostly down ahead of key US data

Most Asian and European markets were down Tuesday, after a weak lead from Wall Street and with all eyes on key US inflation data due later in the trading day.

Crisis-hit Sri Lanka defaults on all foreign debt

Sri Lanka defaulted on its $51 billion foreign debt Tuesday as the island nation grapples with its worst economic crisis in memory and widespread protests demanding the government's resignation.

Asia markets mostly down ahead of key US data

Most Asian markets were down Tuesday afternoon, after a weak lead from Wall Street and with all eyes on key US inflation data due later in the day.

Asia markets open lower ahead of key US data

Most Asian markets opened lower Tuesday, after a weak lead from Wall Street and with eyes on key US inflation data later in the day.

Pregnancy trap for workers in controversial Japan scheme

When Vanessa, a worker with Japan's "technical intern" programme, told her supervisors she was pregnant, she says they first suggested an abortion and then pressured her to quit.

Meta tests sale of virtual goods in metaverse

Meta, the parent company of Facebook and Instagram, will give content creators the opportunity to sell virtual items to users in Horizon Worlds, its main platform in the metaverse, the company said Monday.

Nicaraguans learn to swim to get to America

In a recreation center pool in Nicaragua, novice swimmers stand waist-deep in two rows and churn up the water to recreate the choppiness of a turbulent river.

Man, woman or... X: US rolls out gender-neutral passports

It's just a small box to tick on an application form, but a huge breakthrough for D. Ojeda, a non-binary person who on Monday became one of the first Americans to apply for a gender-neutral passport.

Britney Spears says she is pregnant

Britney Spears on Monday announced she is pregnant with her third child, six months after an LA judge ended the controversial guardianship the pop icon said barred her from having more children.

Ukraine braces for fall of Mariupol to Russia

Russia was poised Monday to take the strategic city of Mariupol and unleash a massive offensive in eastern Ukraine, as fresh diplomatic efforts with Moscow to broker a peace offered little hope of de-escalation.

Illegal mining, abuses surge on Brazil indigenous land: report

Illegal gold mining surged by a record amount last year on Brazil's biggest indigenous reservation, said a report published Monday, which carried chilling accounts of abuses by miners, including extorting sex from women and girls.

Musk dodges limits in Twitter board seat refusal: experts

Elon Musk's rejection of a Twitter board seat frees him to buy greater stock sway over his preferred social media platform and dodge obligations to promote its best interests, experts warned Monday.

White House warns of 'extraordinarily elevated' March inflation

The already-high US inflation rate likely climbed even further last month, the White House warned Monday, amid a spike in energy prices caused by Russia's invasion of Ukraine.

Jury selection begins in US defamation case between Johnny Depp, Amber Heard

Jury selection began on Monday in the blockbuster defamation case about allegations of spousal abuse between Hollywood star Johnny Depp and his ex-wife, actress Amber Heard.

Ukraine braces for fall of Mariupol, Russian assault on east

Ukraine steeled itself on Monday for what could be the imminent fall of Mariupol to Russian troops as President Volodymyr Zelensky said he believed "tens of thousands" of people had been killed in Moscow's assault on the strategic southern port city.

Indian software provider TCS sees strong earnings, record orders

India's largest software exporter Tata Consultancy Services reported strong quarterly earnings on Monday as demand for digital services brought in orders worth a record $11.3 billion.

Sharif elected new Pakistan PM after Khan ouster

Pakistan lawmakers on Monday elected Shehbaz Sharif as the country's new prime minister following the weekend ouster of Imran Khan, who resigned his national assembly seat -- along with most of his party members -- ahead of the vote.

Tesla China exports only 60 cars in March as Covid hits auto sector

Tesla exported only 60 China-made cars in March, a trade body said Monday, with the domestic market absorbing most of its production while virus curbs in areas like Shanghai and Jilin hurt deliveries in the auto industry.

Pakistan lawmakers start vote for new PM after Khan ousted

Shehbaz Sharif was set Monday to become Pakistan's new prime minister, but ousted premier Imran Khan and most of his party's lawmakers resigned their seats in the national assembly immediately before voting started.

Paris stocks, euro gain on Macron vote result

The Paris stock market and the euro rose on Monday, with investors soothed by French President Emmanuel Macron's election performance.

Austria leader to meet Putin as Ukraine braces for eastern offensive

Austria's chancellor on Monday will become the first European leader to visit Moscow since Russia's invasion of Ukraine, as Kyiv steels itself for a huge Russian offensive in the country's east.

Abolish or rebrand? South Korea's 'feminist' ministry in crosshairs

South Korea's anti-feminist president-elect has vowed to abolish the Ministry of Gender Equality. But actually getting rid of it will be tricky, experts say, and the incoming administration is already backing off its promise.

Global stocks dip on Fed tightening, China prices

Asian stocks posted losses on Monday as unease lingered over tightening monetary policy by the Fed and rising prices in China.

French bank Societe Generale to exit Russia

French banking group Societe Generale said Monday it was ceasing activities in Russia and selling its majority stake in Rosbank, weeks after Ukraine's leader urged French firms to leave over Moscow's invasion of his country.

Indonesia tech giant GoTo soars on market debut

Indonesia's biggest tech firm soared in Jakarta trade Monday after a billion-dollar IPO that was the world's fifth-biggest this year, defying recent heavy weather for Asian tech stocks.

Austrian leader heads to Moscow as Ukraine prepares for eastern offensive

Austria's chancellor on Monday will become the first European leader to visit Moscow since Russia's invasion of Ukraine, as Kyiv prepares for a huge Russian offensive in the country's east.

Future in balance for German refinery fed on Russian oil

The PCK refinery in the German town of Schwedt has been processing crude oil from Russia since before reunification, but with a ban on Russian oil looming its future could be in doubt.

Ukraine crisis, inflation risks loom over ECB meeting

European Central Bank governors meet Thursday to ponder record-high inflation and fresh economic uncertainty caused by the war in Ukraine, with policymakers signalling a willingness to take action sooner rather than later.

Johnny Depp, ex-wife Amber Heard head to court again, this time in US

After a high-profile libel case in London, actor Johnny Depp and his ex-wife Amber Heard are headed back to court Monday, this time in the United States, for a blockbuster defamation case revolving about allegations of spousal abuse.

Brazil's first indigenous fashion show 'a form of resistance'

Proudly donning majestic feathered headdresses, models sing an ode to the rain while a makeup artist draws geometric patterns on their faces, arms and thighs in preparation for Brazil's first-ever indigenous fashion show.

As pandemic fades, Spain Easter traditions resurrected

With Easter processions cancelled for the past two years due to the coronavirus pandemic, Spain's colourful Holy Week marches made their eagerly awaited return to the streets on Sunday.

Sharif set to become next Pakistan PM after parliament ousts Khan

Imran Khan was dismissed Sunday as Pakistan's prime minister after losing a no-confidence vote, paving the way for an unlikely opposition alliance that faces the same issues that bedevilled the cricket star-turned-politician.

Greece softens 'tough' migration policy for Ukrainians

For more than two years, Greece's conservative government has prided itself on enforcing a "tough but fair" policy towards thousands of asylum seekers trying to cross the EU's southeastern border.

Iraqis clean up river as first green projects take root

Garbage clogs the banks of Iraq's Tigris River in Baghdad but an army of young volunteers is cleaning it, a rare environmental project in the war-battered country.

Favourable breezes boost Spain's wind power sector

Buoyed by a surge in investment and new projects, wind power has become Spain's main source of electricity generation just as Europe seeks to curb its energy imports from Russia.

Dubai Telegraph - Economy (English)