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Author: Dubai

Business
Forex Analysis

Dollar Consolidates, Still in Demand

Capital Sands The U.S. dollar has seen some selling in early European trade Monday, but from lofty heights as tensions between China and the U.S. continue to simmer and Japan enters recession.  At 2:40 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.362, […]

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Covid19
International
Pendamic

Cafes and churches open in Italy and Greece; Spain eyes summer reboot

Capital Sands   Italian shops, restaurants, and churches reopened their doors to spring sunshine on Monday, Greece welcomed visitors back to the Acropolis – and Spain hoped for tourists to return in summer in cautious steps to ease coronavirus lockdowns. Italians could once again sip their morning cappuccino at the bar, albeit at a distance […]

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International
United States

US military’s mystery space plane rockets back into orbit

1 of 6 The U.S. military’s mystery space plane rocketed into orbit again Sunday, this time with an extra load of science experiments. It’s the sixth flight of an X-37B, a solar-powered plane that’s flown by remote control without a crew. Officials aren’t saying how long the spacecraft will remain in orbit this time or […]

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Business
Covid19
Economy
Gold

Dubai 22K gold price touches Dh200 a gram for first time in nine years

Dubai: The official gold rate in Dubai has touched Dh200 a gram for the first time in nine years. Anyone buying gold now – few are – will also have to fork out an additional 5 per cent on that. “Gold’s turning super-hot – for consumers and retailers,” said a trader. “At these levels, it’s […]

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Covid19
India
Mumbai

With 42% living in slums, virus casts long shadow across Mumbai

MUMBAI: In 1898, colonial authorities created the Bombay Improvement Trust on the heels of a devastating plague to upgrade living conditions in the city. The trust opened up congested neighbourhoods, built housing for workers, and laid down strict rules for ventilation and sanitation. Their measures shaped modern Bombay. Amidst a new pandemic, it’s clear the […]

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India

Govt Raises Borrowing Limit for States to 5% of Their GDP to Beat Covid-19 Blues But Puts Reforms Rider

Finance Minister Nirmala Sitharaman on Sunday said the Centre has increased borrowing limits for states to 5 per cent from 3 per cent of their GDP for the ongoing financial year. Announcing the fifth and final tranche of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi, Sitharaman said states were […]

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Covid19
Pendamic

Coronavirus Pandemic LIVE Updates: Lockdown 4.0 Guidelines Today as India’s Covid-19 Cases Near 91,000; Some Relaxations in Air Travel Expected

Coronavirus Pandemic LIVE Updates: As India gears up to enter phase 4 of the Covid-19 lockdown, over 30 municipal areas have been identified in 12 states where maximum restrictions are likely to be imposed as the country surpasses China’s rally with over 85,000 cases. According to officials, to chalk out the plan for curbs, the […]

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