The US manufacturing sector unexpectedly contracted in June for the first time in nearly three years as new orders tumbled, according to an industry report released on Monday.
The US manufacturing sector unexpectedly contracted in June for the first time in nearly three years as new orders tumbled, according to an industry report released on Monday.
In a clear sign of the momentum behind the UAE’s bid to host the 2020 World Expo in Dubai, a team of leading international architectural and design firms are preparing the masterplan for the proposed Expo 2020 site, Dubai Trade Centre-Jebel Ali.
The Dubai Airport Freezone, or Dafza, recently organised a networking event for Japanese investors and companies, as part of its continued efforts towards building stronger trade ties between the UAE and Japan.
DP World London Gateway and DB Schenker Rail on Monday jointly announced an agreement to provide rail services from day one at the new deep-sea port and Europe’s largest logistics park, which opens in fouth quarter of 2013.
LONDON - Britain’s Financial Services Authority is reviewing how it supervises wholesale capital markets following the Libor interbank interest rate-setting scandal, its chairman Adair Turner said on Tuesday.
ATHENS, Greece — Greece’s new government will present “alarming” data on its recession and unemployment to international debt inspectors this week, in a bid to renegotiate the terms of its bailout agreements.
LUXEMBOURG - EU antitrust regulators relied on “profoundly inadequate” evidence in their case against Intel, the U.S. chipmaker said in court on Tuesday in a bid to quash a record 1.06 billion euro ($1.33 billion) fine.
LONDON - Barclays Plc Chief Executive Bob Diamond quit on Tuesday under fire from politicians and regulators, the highest-profile casualty of an interest rate-rigging scandal spanning more than a dozen big banks across the world.
FRANKFURT — The conditions are in place for the German economy, Europe’s biggest, to recover this year — and lead the eurozone back to growth — unless the crisis intensifies further, the IMF warned on Tuesday.
BRUSSELS — Officers tracking EU crime and corruption for Europe’s anti-fraud office recovered almost 700 million euros ($880 million) last year from EU structural funds, customs and agricultural sudsidies.