Saturday , August 17 2019


Dubai welcomes 8.36 mn tourists in first half of 2019

DUBAI / WAM Dubai welcomed 8.36 million international overnight visitors in the first six months (January-June) of 2019, posting a positive three percent in tourism volume growth compared to the same period last year, according to the latest data released by Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism. ...

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Thailand unveils $10b stimulus package to ease trade war pain

Bloomberg Thailand plans a 316-billion-baht ($10.2 billion) package of government spending and loans to counter an economic slowdown caused by the US-China trade war and currency strength. The package includes help for farmers and people on low incomes, as well as initiatives to bolster consumer spending and investment, Finance Minister ...

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Hiring in Australia soars as new jobs defy forecast

Bloomberg Australia’s labour market surged in July, adding almost three times the forecast number of jobs, while unemployment remained stuck at 5.2% as the workforce swelled to a fresh record. The economy added 41,100 roles from the previous month, with more than three-quarters of them full-time, the statistics bureau said ...

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Fear factor for US consumer is rising, fuelling recession risk

Bloomberg If self-reinforcing recession fears are the greatest risk to the record-long US expansion, as posited by Bank of America Corp. Chief Executive Officer Brian Moynihan, the latest consumer sentiment report hinted that those concerns may be starting to emerge. “We have nothing to fear about a recession right now ...

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