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US, China seen as top AI beneficiaries in new growth forecast from ‘Doctor Doom’ economist
The economist famously dubbed “Doctor Doom” for predicting the 2008 financial crisis has seemingly morphed into a bullish “Doctor Boom” with his latest economic outlook. Nouriel Roubini now predicts that a “Cambrian explosion” of technological advances – including artificial intelligence – could propel the US’ potential economic growth to 4 per cent by 2030, and as high as 10 per cent in less than a quarter-century, overshadowing Middle East oil shocks and other near-term headwinds. Framing AI.....
Nusuk card for Hajj 2026: Everything pilgrims need to know
Dubai: Hajj 2026 is weeks away, and for the millions of pilgrims converging on Mecca, one document is non-negotiable - the Nusuk card. Issued by Saudi Arabia's Ministry of Hajj and Umrah, it is the mandatory smart ID every registered pilgrim must carry from arrival to departure, granting access to the holy sites and the services that support one of the world's largest annual gatherings. Here is everything pilgrims need to know.Hajj leave in UAE private sector: Everything you need to knowWha...
Investors Eye Latin America Again as Ceasefire Revives ETF Flows
Investors piled into emerging-market exchange-traded funds last week, led by Latin American equities, as a US-Iran ceasefire accord boosted investor appetite for risk, halting a four-week streak of outflows exceeding $5.6 billion.
Parents Are Spending Upwards of $50,000 to Land Their Kid A Job
Concerned their kids are facing a job market that’s downright hostile to fresh grads, parents with means are hiring coaches to help their offspring years before they even have careers. Jo Constantz explains. (Source: Bloomberg)
The Young, Educated and Jobless Are Taking Over Businessweek
The May issue of Businessweek features a package of stories that explores the fight over a shrinking supply of entry-level jobs for recent college graduates. Brad Stone and Jo Constantz have more. (Source: Bloomberg)
The Nationals modernized their meetings. It's produced one of MLB's best offenses
As he will be during the first game of every Nationals series this season, Nationals beat writer Spencer Nusbaum will watch the game alongside fans starting around first pitch at 6:40 p.m. ET Monday. On the very best days, there is a hum in the room.CJ Abrams ruffles through his reports until he finds his favorite set of pie charts. Brady House and Jacob Young chat about a pitcher they’ve faced before. Daylen Lile reminds himself to avoid a trap he fell into this spring — when he convinced...
Social media micro-scams emerge as key challenge for UAE banks, says report
Social media micro-scams represent a growing pain point for UAE banks, particularly in cases involving expatriate customers without long local banking histories, according to a BioCatch-commissioned survey.The study found that banks in the UAE overwhelmingly (95 per cent) reported social media “micro-scams” as a growing detection and reporting challenge. Micro-scams typically involve malicious actors deceiving victims for smaller amounts, instead of a large-scale scam operation, thus making it f...
Middle East war will leave UK households £480 poorer this year, says thinktank
Resolution Foundation says households face rising costs from higher bills for energy and filling upHigher energy prices as a result of the Iran war are likely to deal a blow to Britons’ living standards, leaving them nearly £500 worse off this year, a thinktank has warned.The Resolution Foundation said households faced rising costs from both higher gas and electricity bills and at the petrol pump. Continue reading...
Rs200m worth of liquor seized in joint maritime operation
The Pakistan Maritime Security Agency (PMSA) on Monday said it had confiscated foreign liquor worth Rs200 million during a joint intelligence-based operation in the Arabian Sea. According to a statement, a maritime interdiction operation led to the interception of a stateless vessel carrying a large quantity of illicit liquor concealed onboard and intended for unlawful distribution. “The operation was carried out through a coordinated effort by the Pakistan Navy, PMSA, Joint Maritime Inf...
Europe’s farmers are vulnerable amid Middle East developments — Russia’s Security Council
Deputy Secretary Alexander Maslennikov said that Europe faces the loss of traditional imports from the Persian Gulf and the inability to increase its own fertilizer production due to rising gas prices
Dubai inks deal with HSBC to attract global investors, corporates into emirate
Dubai: Dubai has signed a strategic agreement with HSBC Bank Middle East to attract more international companies, institutional investors and high-net-worth individuals to the emirate, as it steps up efforts to boost foreign capital inflows under its D33 economic agenda.The agreement, signed by the Dubai Department of Economy and Tourism (DET) and HSBC Bank Middle East Limited, aims to make it easier for global businesses and investors to establish or expand operations in Dubai, DET said in a st...
A froyo company made splashy deals with MLB teams. Ex-employees say it was a big-league con
SCOTTSDALE, Ariz. — In the fall of 2023, the baseball world watched as Arizona Diamondbacks closer Paul Sewald cannonballed into the water, star outfielder Corbin Carroll partied with goggles atop his head and manager Torey Lovullo dove headfirst into a pool, splashing water on the concrete above.The Diamondbacks had just defeated the mighty Los Angeles Dodgers to advance to the 2023 National League Championship Series. The celebration in Chase Field’s signature swimming pool led to some of the...
Miami Wealth Boom Drives New $1 Billion Mandarin Hotel Project
Miami’s Mandarin Oriental ended a 25-year run with a planned implosion over the weekend that took less than a minute. From the rubble will rise a $1 billion luxury project fueled by the city’s wealth boom.
London stocks slip after US-Iran talks falter, uncertainty lingers
London’s stock indexes fell on Monday after the U.S. moved to blockade Iranian shipping following the collapse of the weekend peace talks that dimmed hopes of a swift end to the Middle East conflict. The blue-chip FTSE 100 index fell 0.4% to 10,558.38 points by 0944 GMT, while the midcap FTSE 250 slipped 0.8%. London markets were swept up in a risk-off stance globally as failed U.S.-Iran talks pushed up oil prices to more than $100 a barrel again. The two indexes had logged gains la...
What does a US naval blockade of Iran mean for oil flows?
The US military said it would block shipping traffic in and out of Iran’s ports starting at 10am ET (7pm PKT) on Monday, a move that would prevent roughly two million barrels of Iranian oil a day from entering the world’s markets, further tightening global supply. Here are details on the planned blockade and its implications for oil markets. What was announced? After weekend peace talks in Islamabad between negotiators from the US and Iran ended without a deal, US President Donald Trump said the...
How AI Is Making Asia’s Richest Families Even Richer
The 20 wealthiest clans in Asia are now worth a collective $647 billion. Even as fears of an AI bubble grow, families behind companies like Samsung to Ambani’s Reliance are profiting from it. (Source: Bloomberg)
Average shelf life of a mortgage ‘falls to record low of just eight days’
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UK will get a 3-day working week at the end of the year - here's when and why
UK will get a 3-day working week at the end of the year - here's when and whyBank holidays make working weeks that little bit nicer when you know you have a long weekend coming up - and this calendar quirk bags workers a three-day week at the end of the yearCommentsNewsNiamh Kirk Lifestyle Writer10:26, 13 Apr 2026View 2 ImagesEmployees are entitled to a three-day working week this year(Image: AFP via Getty Images)Few things brighten a work week like the prospect of a long weekend. Whether y...
Work begins in Wales on UK's first small modular reactor nuclear power station
Work begins on nuclear power station that promises 8,000 jobsJust nowShareSaveAdd as preferred on GoogleOscar EdwardsBBC WalesReutersWylfa's last reactor was closed down in 2015 after first being built in the 1960sWork has begun on a new nuclear power station that will bring 8,000 new jobs, the UK government has announced.Ministers have chosen Wylfa on Anglesey as the site after signing a £2.5bn partnership with Rolls-Royce to build it last year.The company claimed that the project will cre...
London leaver: 'I was spending £20k a year on rent with no real security'
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