Tuesday , February 28 2017
Home / 2017 / January

Monthly Archives: January 2017

Some flight crews barred from entering US: IATA

CALIFORNIA/ DUBAI: A new ban on US travel for nationals of seven Middle Eastern countries caught the airline industry unprepared, with flight crews from those states also barred from entering, the International Air Transport Association (IATA) said on Saturday. US Customs and Border Protection (CBP) has briefed the global trade …

Read More »

Novo Nordisk bets $145m on post-Brexit UK science

LONDON: Novo Nordisk, the world’s top maker of diabetes drugs, is investing 115 million pounds ($145 million) in a new research center in Britain, undeterred by Brexit. The Danish company said on Monday it would invest the money over 10 years in the center based at the University of Oxford, …

Read More »

Euro zone steams into 2017 despite political risks

LONDON: The euro zone economy has kicked off the year robustly, data showed on Monday, presenting the European Central Bank with evidence that its massive cash stimulus is working but also posing difficulties about the way forward. There are risks ahead — some political — but for now the 19 …

Read More »

New wave of robots set to deliver the goods

WASHINGTON: The robots of the future will be coming soon, rolling along at a lumbering pace with those goods you just ordered. The six-wheeled, knee-high robots from startup Starship Technologies are part of a new wave of automated systems taking aim at the “last mile” delivery of goods to consumers. …

Read More »

US travel ban row halts dollar recovery

LONDON: The dollar dipped on Monday as investors sought the traditional security of the Japanese yen after new US immigration curbs put the spotlight back on President Donald Trump’s protectionist bent and the risks it poses for the economy. The dollar had begun to climb at the end of last …

Read More »

VW overtakes Toyota as world’s biggest carmaker

TOKYO: Toyota has relinquished the title of the world’s biggest automaker, reporting Monday that it sold 10.18 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.3 million. General Motors reports its tally next week. If GM’s number falls short, it will be the first time the German automaker has become …

Read More »

Omani budget airline SalamAir takes off

MUSCAT: Omani budget carrier SalamAir launched operations on Monday, becoming the latest Gulf airline competing for the region’s low-cost travel market. The airline said it began operations with a domestic flight from the southwestern city of Salalah to the capital Muscat. In addition to the domestic market, SalamAir will fly …

Read More »

Islamic finance sees big growth in Europe

JEDDAH: In today’s connected world of business, Islamic finance is a concept that people working in the banking and finance industries are likely to come across in their careers. Islamic finance, despite its label, is not limited to Muslim countries. It has shown growth globally, including in Europe. Total Islamic …

Read More »