A woman shops at a store at Hudson Yards in New York. Associated Press
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
Activity is contracting in the US manufacturing sector but the number of Americans filing applications for unemployment benefits fell last week, signs that factories are suffering from a global slowdown even as the broader labour market remains healthy.
European and US stocks and oil prices recovered on Friday on US stimulus hopes, after Asian equities experienced wild swings, with traders closing out a week of carnage for world markets as the coronavirus pandemic fuels fears of a global recession.
“62 countries participated today in the Arabian Travel Market, an international mega tourism event since the COVID-19 outbreak. Dubai welcomes the world as global tourism begins to recover, representing the light at the end of the tunnel.”
Ras Al Khaimah Tourism Development Authority (RATKDA) has unveiled a new vision and destination brand on Sunday at the Arabian Travel Market (ATM) 2021.
More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai, organisers announced at Arabian Travel Market 2021 (ATM).