Business

Since the world is decreasing its billionaires, Amazon owner Jeff Bezos could become world’s first trillionaire by 2026

  • May 15, 2020

A report says Amazon founder and CEO Jeff Bezos could potentially become the world’s first trillionaire as early as 2026. It’s been said that the coronavirus (COVID-19) pandemic has given nature room to heal, but it’s also had a

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Some biggest Dubai-based companies request for vat reduction and 50 percent cut on utility bills

  • May 13, 2020

Business leaders of some of the biggest Dubai-based companies have requested customs duties should be cut by 50 percent until year-end, while electricity, water, and service bills should also be cut 50 percent. Leaders have also proposed a reduction i

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Qatar: Inspection campaigns in Industrial areas to ensure virus prevention

  • May 13, 2020

According to the Director of The Labour Inspection Department at the Ministry of Administrative Development, Labour, and Social Affairs (MADLSA), Fahd Zafir al-Dossari told Qatar TV yesterday that the department will intensify&nbs

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China: Over 830,000 new enterprises launched in April despite pandemic

  • May 10, 2020

The developing number of newly-launched ventures in China signals a quickening pace of financial recovery as the Covid-19 is broadly brought beneath control inside the nation. More

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Samsung vice-chairman apologizes over corruption embarrassment

  • May 08, 2020

The Vice-Chairman of the Samsung company, Lee Jae-Yong bowed on apology on Wednesday for company misconduct including a controversial plan for him to ascend to the leadership of the world’s largest smartphone maker. Lee Jae-Yong is a vice-chairm

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World shares skid following grim news on US, EU economies

  • May 01, 2020

Shares dropped in Europe and Asia on Friday after the latest data drove home the extent of economic carnage from the coronavirus pandemic. Many world markets were closed for May Day holidays. Britain’s FTSE 100 sagged 2% to 5,781.91 while U.S. futures fell sharply, with the contract for the S&P 500

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May brings reopenings around the globe as virus toll climbs

  • May 01, 2020

NEW YORK  — May is bringing cautious reopenings from coronavirus lockdowns, from Beijing’s Forbidden city to shopping malls in Texas, as the grim toll from the pandemic ticks higher. Many communities are inching toward normalcy without certainty over whether they’ve vanquished outbreak

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China-Australia rift deepens over calls for virus inquiry

  • May 01, 2020

CANBERRA, Australia  — China’s warning of trade repercussions from Australia’s campaign for an independent inquiry into the coronavirus has rattled Australian business leaders as President Donald Trump’s administration urges other governments to back such a probe. China has accus

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Front-line work during pandemic falls on women, minorities

  • May 01, 2020

NEW YORK  — As America tentatively emerges from weeks of lockdowns, the pandemic has taken its toll on workers who have been on the front lines all along. They have been packing and delivering supplies, caring for the sick and elderly, and keeping streets and buildings clean. They have als

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