China’s National Bureau of Statistics said on Saturday that the Purchasing Managers’ Index fell to 49.5 in August. Reuters
Alibaba, China’s biggest e-commerce company, has agreed to buy Kaola e-commerce unit from Chinese company NetEase for $2 billion, adding a platform that specialises in supplying curated luxury goods from abroad to domestic consumers.
The Islamabad Chamber of Commerce & Industry (ICCI) has welcomed the announcement of Prime Minister of Pakistan to establish CPEC Authority for timely completion of CPEC projects and termed it a positive development
European shares eked out small gains on Tuesday as talk of progress in China-US trade talks was offset by mixed corporate earnings, while sterling held below $1.30 ahead of another crucial Brexit vote.
Unilever held back from celebrating a much stronger-than-expected return to sales growth in the third quarter, as the CEO said the outlook remained “highly unpredictable”.
Russia’s central bank (CB) kept interest rates at a record low on Friday amid increased geopolitical risks but said there was room for lower rates as the COVID-19 pandemic situation was deteriorating.
This major achievement is a testimony of UAE’s leadership’s vision to transform the country to a digital first and knowledge based economy.