Oil price slumps amid ample supply; equities climb
By Herbert Lash NEW YORK (Reuters) – Crude oil extended a slump amid record U.S. stockpiles on Thursday, while bets the Federal Reserve will raise interest rates next week lifted equities on Wall Street and steadied a key gauge of global equity markets after five days of declines. U.S. equity indexes traded higher, as did […]
S&P, Dow on track to snap 3-day losing streak as banks gain
By Yashaswini Swamynathan (Reuters) – The S&P 500 and the Dow Jones Industrial Average were on track to snap a three-day losing streak on Thursday, as bank stocks climbed amid signs of strength in the labor market and a near-certain interest rate hike. The S&P financial index rose 0.6 percent as investors turned their attention […]
US STOCKS-S&P, Dow on track to snap 3-day losing streak as banks gain
* ECB stands pat on interest rates; dovish on guidance * U.S. jobless claims rose to 243,000 last week – report * Apple top drag on S&P and Nasdaq * Indexes up: Dow 0.15 pct, S&P 0.14 pct, Nasdaq 0.12 pct (Adds details, comments, updates prices) By Yashaswini Swamynathan March 9 (Reuters) – The S&P […]
Volkswagen and Tata Motors agree to explore cooperation in India: sources
By Andreas Cremer and Aditi Shah BERLIN (Reuters) – Volkswagen has signed an agreement with Tata Motors to explore cooperation in India, company sources close to the matter said, as the German carmaker tries once again to conquer emerging markets. After months of talks, the carmakers have signed a memorandum of understanding (MoU) to deepen […]
EXCLUSIVE: ING, SocGen to test LNG trading with blockchain in months
By Karolin Schaps, Christoph Steitz and Vera Eckert LONDON/FRANKFURT (Reuters) – Banks ING and Societe Generale are in talks with traders to test liquefied natural gas (LNG) trading based on blockchain, the technology starting to shake up the traditional energy industry. Blockchain, which originates from digital currency bitcoin, works as an electronic transaction-processing and record-keeping […]
Hero 11-year-old rescues brother and sister trapped in building's lift
AJMAN // An 11-year-old boy proved that heroes come in all sizes when he rescued two children from a stuck lift. Abdallah Mohammed Abu Zahra used his wits to help a trapped brother and sister by taking a screwdriver and using it to prise open the door of the lift at his residential building. The […]
Biodomes bring flora of UAE to the classroom
ABU DHABI // Pupils will soon be able to learn about the country’s natural habitat when biodomes are built at their schools.To help educate the youth of the nation on plant science, local company Indkarta and the Environment Agency Abu Dhabi will erect biodomes – a form of greenhouse – planted with local mangroves, at […]
UAE Friday sermon: Mercy one of greatest virtues
On Friday, imams across the country will discuss the importance of mercy and being merciful. In the sermon, worshippers will hear that mercy is a noble quality that reflects the kindness of the heart and the compassion of the soul, which leads to being forgiving and beneficent.”It is one of the greatest virtues that has […]
Teething troubles in RAK Hospital's 'smart' system upgrade causes delays for patients
RAS AL KHAIMAH // Delays in patient treatment at RAK Hospital have been blamed on a new “smart” system designed to increase efficiency at the private clinic.A switch in online systems for medical records and diagnostics created chaos on some days, with patients claiming to be left waiting for hours longer than usual at the […]
Sheikh Mohammed offers condolences to family of Emirati soldier
ABU DHABI // Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, on Wednesday extended his condolences to the family of serviceman Khalid Al Baloushi, who died last month while serving the Armed Forces as part of Operation Restoring Hope in Yemen.During a visit to the 36-year-old’s […]
