The world economy is expected to pick up slowly next year, but only if Washington and China drop their latest tariff moves.
European shares extended losses early on Monday from the biggest weekly slump this year as the U.S.-China deadlock quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon. The STOXX 600 index dropped 0.5 per cent by 0855 GMT to hit 7-month lows.
US Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute
Chinese President Xi Jinping has called for the “early conclusion of negotiations” on the text of a trade deal with the United States, state media reported on Friday.
The slashing of the global economic growth forecasts for 2019 by the International Monetary Fund (IMF) and the warning that growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union (EU) should serve as a wakeup call for world leaders to take corrective measures through coordinated actions.
Boeing won a major vote of confidence at the Paris Airshow on Tuesday as British Airways owner IAG signed a letter of intent to buy 200 of its 737 MAX aircraft that have been grounded since March after two deadly crashes.
Lootah Real Estate Development (Lootah), one of the region’s most prominent real estate developers, on Tuesday announced the launch of Senaeyat, a company that provides lease-to-own industrial warehouses for businesses of different sizes.
The UAE e-commerce market is poised to grow to $17.8 billion in 2020, and the logistics providers they choose will play a key role in the exponential growth of online shopping, according to industry specialists.