Wednesday , January 24 2018


Abdullah gets ‘best personality for supporting gender balance’ medal

vp abdullah copys

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that gender balance is an important element of the national agenda and the UAE Vision 2021, emphasising that enhancing gender balance in the UAE will contribute to sustainable ...

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Japan investigates wrongdoing on $79 billion maglev project

epa05691562 People returning to home countries crowd on a platform to get on the JR Tokaido Shinkansen bullet train at Tokyo railway station in Tokyo, Japan, 30 December 2016. According to Japan's largest travel agency JTB Corp.,  about 30 millions of Japanese people move around the country and overseas during a week over year-end and the New Year.  EPA/KIMIMASA MAYAMA

Bloomberg Japanese prosecutors are investigating two of the country’s biggest construction companies, Obayashi Corp. and Kajima Corp., for suspected wrongdoing linked to a public-backed $79 billion magnetic-levitation rail network. After local media reported authorities were looking into bid-rigging related to construction of Central Japan Railway Co.’s maglev project, Obayashi Corp. ...

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Freezing cities force China to ease anti-smog curbs on coal

epa05892424 Chinese tourists visit the Bund with the Pudong skyline towers seen through heavy smog during a rainy and polluted day in Shanghai, China, 06 April 2017.  EPA/ROMAN PILIPEY

Bloomberg China’s efforts to tackle air pollution are getting a reality check, with some regions told to revert to burning coal after shortages of natural gas left people without heating amid freezing winter temperatures. Officials in China’s frigid northern provinces were ordered to prioritise keeping citizens warm and areas that ...

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Trump to ready public-works plan in Jan 2018

epa05219001 People look out on the skyline from the observation deck on the Top of the Rock at Rockefeller Center in New York, New York, USA, 18 March 2016. 30 Rockerfeller Center has 70 floors and is 266 meters in height.  EPA/JUSTIN LANE

Bloomberg President Donald Trump plans to keep pushing his legislative agenda in 2018 by releasing his long-promised infrastructure proposal in early January, a senior administration official said. Infrastructure advocates question whether a Republican-led Congress will be able to pass a spending plan with enough federal funding if it’s already approved ...

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Britain Serious Fraud Office gets reprieve

epa06368567 British Prime Minister Theresa May with Spanish Prime Minister Mariano Rajoy (not pictured) during talks in 10 Downing Street in London, Britain, 05 December 2017. Media reports state that the two leaders are expected to discuss the current negotiations around Brexit and the ongoing situation in Catalonia.  EPA-EFE/ANDY RAIN / POOL

Bloomberg The UK government u-turned on campaign promises to disband the Serious Fraud Office (SFO), with the white-collar prosecutor remaining independent under the Conservative Party’s newest plans for tackling economic crime. The decision was expected to be announced on Monday by Home Secretary Amber Rudd, according to a statement from ...

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Maersk sees falling freight rates in bearish sign for trade

epa03704412 (FILE) A file photo dated 29 April 2013 showing the Maersk Line container ship Ebba Maersk prior to entering the Busan New Container Terminal in South Korea's largest port city of Busan, South Korea. 
Danish shipping and oil group AP Moller-Maersk said 17 May 2013 it was 'satisfied' with first-quarter net profits of 790 million dollars, despite the 33-per-cent drop. Net profit in the corresponding business period of 2012 had reached 1.2 billion dollars, but that result included one-time gains from a divestment and a tax settlement in Algeria. Turnover in the business period was down 2 per cent year-on-year to 14 billion dollars, the conglomerate said. The group operates container shipper Maersk Line, which reported a profit of 204 million dollars, compared with a loss of 599 million dollars year-on-year. The group cited lower costs as a factor.
The 170,794-ton vessel can carry 15,500 6-meter containers.  EPA/YONHAP SOUTH KOREA OUT

Bloomberg The world’s largest container shipping line says international freight rates are reversing after climbing for most of this year, raising questions about the sustainability of the global trade recovery. Decade-old oversupply issues swamped demand for containerised sea trade in the third quarter, a senior official at Maersk Line Ltd. ...

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