Donald Trump announcing the construction of TransCanada Corp’s Keystone XL oil pipeline under a new permit. File Photo / Reuters
Wells Fargo & Co’s plan to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but a turnaround will not be easy for whoever takes the helm, analysts said. The fourth-largest US bank by assets said on Thursday that CEO Tim Sloan, a 31-year Wells Fargo veteran, would resign immediately and a committee would meet on Friday to start looking for a replacement from outside the bank.
European and Asian shares stepped back from eight-month highs on Thursday, as investors took money off the table amid fresh concerns about U.S.-China trade talks and as dire data from Germany signalled trouble for Europe.
A flight-tracking website showed that two planes left from a Russian military airport bound for Caracas on Friday, and another flight-tracking site showed that one plane left Caracas on Sunday.
The UAE is the major trade partner to Vietnam in the Middle East and North Africa while Vietnam is the key trade partner to the UAE in the South East Asia, with two-way non-oil trade reaching $10.4 billion in 2017, a growth of 18 per cent as compared with 2016, according to Sultan Bin Saeed Al Mansouri, Minister of Economy.
The second edition of the Badiri Social Entrepreneurship Programme (BSEP), recently saw its 17 selected participants – all UAE-based women in pursuit of establishing socially impactful and innovative businesses, taking a field trip to India, from April 1–5, 2019. India was the chosen destination, as the country’s culture of social entrepreneurship has created a positive change there.
India’s SpiceJet Ltd said on Friday it will prioritize hiring employees of Jet Airways Ltd who are losing their jobs after the crisis-hit Indian airline halted all flight operations indefinitely this week. “We have already provided jobs to more than 100 pilots, more than 200 cabin crew and more than 200 technical and airport staff,”
US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.