Dubai Telegraph

Featured

Analysts say Kevin Warsh a safe choice for US Fed chair

Former Federal Reserve governor Kevin Warsh is a safe pair of hands to steer the US central bank, analysts said Friday, flagging his track record on Wall Street and with the Fed.

Fela Kuti to be first African to get Grammys Lifetime Achievement Award

Nigeria's Afrobeat king Fela Kuti will this weekend be posthumously recognised by the Grammys with a Lifetime Achievement Award, becoming the first African artist to receive the distinction.

Last news

Emirates orders 65 more Boeing 777X planes despite delays

Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite years of delays, delivering a vote of confidence to the US manufacturer at the Dubai Airshow.

Trade tensions force EU to cut 2026 eurozone growth forecast

The eurozone economy will grow less than expected next year, the EU executive predicted on Monday, as risks from international trade and geopolitical tensions weigh on the single currency area.

EU predicts less eurozone 2026 growth due to trade tensions

The EU on Monday cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe's economy.

Swiss growth suffered from US tariffs in Q3: data

Switzerland's economy contracted in the third quarter of the year, suffering from high US tariffs which abruptly curtailed exports across the Atlantic, the economy ministry said on Monday.

Carbon capture promoters turn up in numbers at COP30: NGO

Companies and groups backing carbon-capture technology, which critics slam as an excuse to keep burning fossil fuels, have deployed more than 500 participants to the COP30 climate talks, according to a list compiled by an NGO and shared exclusively with AFP.

Japan-China spat sinks tourism stocks

Japanese tourism and retail shares fell sharply on Monday after China warned its citizens to avoid travelling to the East Asian country in a spat over comments by Prime Minister Sanae Takaichi about Taiwan.

Zelensky in Paris to seek air defence help for Ukraine

Ukraine's President Volodymyr Zelensky visits Paris on Monday in a new bid to secure weaponry to defend his country against increasingly lethal Russian missile and drone attacks.

Pope urges leaders not to leave poor behind

Pope Leo XIV decried poverty on Sunday, urging world leaders and Catholics to reach out to marginalised people, as the Church celebrated a "Jubilee of the Poor".

Greece to supply winter gas to war battered Ukraine

Greece signed a deal with Ukraine on Sunday to supply US-origin liquefied natural gas (LNG) to the war-battered country whose energy infrastructure has been crippled by Russian strikes.

India and Pakistan blind women show spirit of cricket with handshakes

Blind women from India and Pakistan brushed aside political tensions on Sunday, shaking hands in neutral Sri Lanka at a cricket tournament for the visually impaired.

Samsung plans $310 bn investment to power AI expansion

South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering artificial intelligence, aiming to meet growing demand driven by a global boom.

Gambling ads target Indonesian Meta users despite ban

Gambling promoters are using deceptive marketing tactics to reach Indonesian users across Meta platforms, despite the company's policies and a government crackdown on the illegal practice.

Luxury houses eye India, but barriers remain

The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task.

Budget coffee start-up leaves bitter taste in Berlin

Instantly recognisable by their electric blue shop fronts, branches of LAP Coffee have become a common sight in Berlin's hippest neighbourhoods over the past two years.

Spike Lee gifts pope Knicks jersey as pontiff meets film stars

Spike Lee presented Pope Leo XIV with a New York Knicks jersey on Saturday as the US pope welcomed film stars to the Vatican, where he called cinema a vehicle of hope.

BBC caught in crossfire of polarised political and media landscape

Accused of being biased by some, defended as a champion of impartiality by others, the BBC is once again the subject of a thorny debate about the role of a publicly funded broadcaster in an increasingly polarised landscape.

Brazilian 'Superman' cheers child cancer patients in Ghana

The three-storey Child Health Department of the Korle Bu Teaching Hospital in Ghana's capital Accra is a place with hushed corridors, laboured breathing and parents clutching on to hope.

Trump signs order to lower tariffs on beef, coffee, other goods

President Donald Trump signed an order Friday to lower US tariffs on agriculture imports such as beef, bananas, coffee and tomatoes, as his government comes under pressure from voters grappling with the escalating cost of living.

Return to bad days of hyperinflation looms in Venezuela

Venezuelans are grappling with political and economic chaos, a mass population exodus and fears of a US military attack. Now, their wallets are ever thinner as a return to hyperinflation looms.

US airspace recovers as budget shutdown ends

Transportation Secretary Sean Duffy said Thursday that US air travel is recovering after the disruptions caused by the more than month-long government funding shutdown.

US, Switzerland say deal reached on trade and tariffs

The United States and Switzerland said Friday that they have reached an agreement to sharply lower tariffs imposed by President Donald Trump, with the Alpine nation vowing to invest $200 billion in the US to win over the White House.

Stocks struggle on US rates, tech rally fears

Global stock markets struggled for momentum Friday as doubts built over whether the US Federal Reserve would cut interest rates next month and amid persistent fears of a tech bubble.

US, Switzerland say reached deal on trade and tariffs

The United States and Switzerland are set to unveil details of a trade pact Friday, with both sides reaching an agreement to sharply lower tariffs recently imposed by President Donald Trump, officials said.

Saudi prince, eyeing defence pledge, to meet Trump after long US absence

Crown Prince Mohammed bin Salman will press for security guarantees while US President Donald Trump will urge him to normalise ties with Israel when the de facto Saudi ruler breaks a seven-year absence from Washington this week.

Doctors in England launch strike over pay and jobs

Thousands of doctors in England began a five-day strike on Friday over pay and training posts, the 13th walkout by medics since March 2023.

Stocks sink on fears over tech rally, US rates

Global stock markets sank Friday as doubts built over next month's US Federal Reserve interest rate decision and persistent speculation about a tech bubble.

Germany unveils debt-laden budget, relief measures

The German parliament's budget committee has approved revised 2026 spending plans that include even higher debts than originally thought, lawmakers said Friday, as the government gears up for an investment splurge.

Sumo grapples with ancient rule in age of woman PM

The world of sumo could be rocked this month if Prime Minister Sanae Takaichi presents a trophy in the ring, where women have traditionally been banned.

Cartier owner sales lifted by jewellery, improving Asia

Swiss luxury group Richemont, owner of Cartier and other iconic luxury brands, on Friday reported sales ahead of analysts' forecasts notably thanks to strength in its jewellery division.

Markets sink on concerns over tech rally, Fed rates

Markets sank Friday, tracking a selloff on Wall Street as doubts built over next month's Federal Reserve interest rate decision and persistent speculation about a tech bubble.

Sweden sees silent forests as sanctuaries from a noisy world

In a cottage nestled deep in a Swedish forest, three couples recently spent four days whispering and without phones as part of a campaign about the dangers of noise pollution and promoting quiet Scandinavia.

Young diners 'time travel' back to ancient China

Women wearing long wigs and ornate traditional dresses milled around a pebbled courtyard, stopping to snap photos under a pavilion, as the melodious strumming of the Chinese zither played in the background.

Dubai Telegraph - Economy (English)