YSL football tourney kicks off on May 12
Author: ARAB NEWSFri, 2017-03-24ID: 1490348139870284600JEDDAH: Top football academies and schools will take part in the fourth Young Soccer League (YSL) championships for Under-14 and Under-17 teams, organized by the JSC Soccer Academy, will be held at the Spanish Academy Club in Faisaliya District, Jeddah, from May 12.The event will help national and expat teenagers to test their […]
Oil bounces off November lows, bloated US stockpiles pressure market
Author: ReutersFri, 2017-03-24ID: 1490295210203431100SINGAPORE: Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated US crude inventories and rising output dampen OPEC-led efforts to curb global production.Brent crude futures, the international benchmark for oil, were at $50.99 per barrel at 0621 GMT, up 35 cents, or 0.7 […]
DeMar DeRozan gets 40, Raptors rally again to beat Heat
Author: APFri, 2017-03-24ID: 1490344474449974400MIAMI: Down by 15 early, the Toronto Raptors had no reason to panic.Trouble brings out their best.DeMar DeRozan scored 40 points — doing that back-to-back for the first time in his career — and the Raptors clamped down defensively in the final three quarters to beat the Miami Heat 101-84 in the NBA on […]
Taiwan unveils $29bn stimulus amid uncertainty over US, China
Author: ReutersFri, 2017-03-24ID: 1490294631763334400TAIPEI: Taiwan announced a T$882.4 billion ($29 billion) stimulus package on Thursday to boost its export-driven economy in the face of uncertainty from its two largest trading partners, the US and China.Taiwan’s trade-reliant economy is showing signs of recovery, but it is highly vulnerable to protectionist policies from US President Donald Trump and increasing […]
Philippine economy seen growing 6.5-7.0% in Q1: Minister
Author: ReutersFri, 2017-03-24ID: 1490294631733334100MANILA: The Philippine economy is expected to expand between 6.5 and 7.0 percent in the first quarter or faster, the economic planning minister said on Thursday, putting the government on track to meet its full-year target.The Southeast Asian economy is among the world’s fastest growing with gross domestic product expanding by 6.8 percent in […]
S. Korea throws shipbuilder Daewoo new $6bn lifeline
Author: AFPFri, 2017-03-24ID: 1490294631703333800SEOUL: South Korea offered troubled Daewoo Shipbuilding & Marine Co. a new $6 billion bailout on Thursday, as the giant firm’s financial crisis worsens.Daewoo is the world’s largest shipyard in terms of its order book and was previously given a 4.2 trillion won ($3.8 billion) aid package in 2015.It is majority-owned by state-owned banks. […]
Chinese premier warns Australia against protectionism
Author: APFri, 2017-03-24ID: 1490293831123218200CANBERRA, Australia: China’s premier on Thursday warned against protectionism, saying his country planned to close its $50 billion a year deficit with Australia by expanding the trading relationship rather than retreating from it.Premier Li Keqiang said in a speech in Australia’s Parliament House that globalization created “some problems,” but that free trade was not […]
Euro zone banks jump on last chance for cheap ECB loans
Author: AFPFri, 2017-03-24ID: 1490293831073217900FRANKFURT AM MAIN: Banks rushed for a final round of cheap long-term loans from the European Central Bank, the Frankfurt institution said Thursday, as signs mount that the cost of money may soon rise.Some 474 banks borrowed a total of €233.5 billion ($252 billion) — almost a fourfold increase compared with the €62.2 billion […]
Brexit delaying major UK infrastructure projects
Author: ReutersFri, 2017-03-24ID: 1490293831023217600LONDON: Britain’s move to leave the EU is delaying major UK infrastructure projects from tower blocks and power stations to new roads and rail lines, construction and services company Kier Group said on Thursday.Peers such as Capita, Mitie, Interserve and Carillion have all reported tougher trading in their UK businesses since last June’s Brexit […]
Food trucks: Concept of mobile street vendors comes to Saudi Arabia
Author: Shaistha KhanFri, 2017-03-24ID: 1490298885783945800Food and eating out are popular entertainment options in Saudi Arabia. People are always on the lookout to try the latest concept restaurant in town or the newest franchise chain. Thanks to Vision 2030’s focus on the opportunities for entertainment, event companies are now organizing and hosting family carnivals, bazars and festivals.These carnivals […]
