Employees at a circuit manufacturing company in San Jose, US. File/Reuters
Annual profits at China’s industrial firms surged in the first two months of 2021, highlighting a rebound in the country’s manufacturing sector and a broad revival in economic activity from the coronavirus crisis early last year.
An aerospace parts maker in California is struggling to procure cold-rolled steel, while an auto and appliance parts manufacturer in Indiana is unable to secure additional supplies of hot-rolled steel from mills in US.
New York: Three big US banks reported strong earnings even as warning signs emerged that the playing field is beginning to tilt against the financial industry. While the biggest risk ahead is that lower interest rates will pressure banks’ bottom lines in the coming months, the squeeze is already beginning. JPMorgan Chase & Co and Wells Fargo
Dubai Airports has announced that it will reopen Dubai’s International’s Terminal 1 and Concourse D on Thursday (June 24). The facilities were closed on March 25, 2020 following the partial suspension of operations at DXB to control the spread of COVID-19.
The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) jumped across all terms post the Central Bank of the UAE increased on Thursday its base rate applicable to the overnight deposit facility (ODF)
Dubai Chamber of Commerce and Industry (Dubai Chamber) has launched a new video series that showcases the impactful ways in which it will connect local and global business communities at Expo 2020 Dubai.