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Dubai property crash getting a boost from Covid-19

DUBAI, UAE – The Dubai property crash Mark II which began in 2014 is gaining momentum due to the coronavirus pandemic. Damac, one of the emirate’s biggest developers has recorded

Business

Big rise in Japanese stocks while Aussie markets dive

SYDNEY, Australia – Shares were decidedly mixed across Asia on Friday. In Japan they soared in value. In Australia they fell like a stone. In China stocks were flat. Buyers

Business

Fed fails to stabilize markets, Dow drops 582 points

NEW YORK, New York – Drastic moves by the U.S. Federal Reserve to provide unlimited quantitative easing, credit to small and medium-sized business, to defer student and credit card loans,

Business

Dow drops 913 points, now down 35% in five weeks

NEW YORK, New York – U.S. stocks plunged again on Friday, with all the major indices losing about 4%. At the close of trading the Dow Jones Industrial Average was

Business

Stability returns to markets at least for now, Australian stocks rise

SYDNEY, Australia – Stocks in Asia clawed back a small portion of their recent losses with most indices finishing somewhat higher. The Australian market performed best of all, recording its

Business

Wall Street makes dramatic recovery, Dow gains nearly 2,000 points

NEW YORK, New York – U.S. stocks made a dramatic recovery after see-sawing throughout much of Friday. Late in the day President Donald Trump declared a national emergency over Covid-19,

Business

Wall Street makes a major comeback

NEW YORK, New York – U.S. stocks and the dollar made a major come-back on Tuesday, a day after the biggest falls since the 2008 Global Financial Crisis. Whether it

Business

Cruise line drops Muscat in Oman as destination over Covid-19 fears

DUBAI, UAE – At least one cruise line has decided to drop the Omani capital, Muscat from its itineraries. Three days ahead of a 7-day Arabian sea cruise from Dubai,

Business

Mixed close for Asian stock markets Wednesday

SYDNEY, Australia – Stocks were generally weaker in Asia on Wednesday, although the Japanese market staged a small rally. Australian stocks suffered the most damage, with the Australian All Ordinaries

Business

75-year old U.S. man pleads guilty in Panama Papers probe

A Massachusetts-based accountant who was charged along with three others in connection with a decades-long criminal scheme perpetrated by Mossack Fonseca & Co., a Panamanian-based global law firm, and its

Business

About LED Work Lights

LED work lights come in several different shapes and sizes. This is a good thing because when choosing a type of light you are less likely to be concerned about

Business

Global stock markets settle down after historic sell-off

NEW YORK, New York – U.S. stocks were flat to lower on Wednesday as investors and traders started to take stock of the heavy falls of recent days which say

Business

Wells Fargo hit with $3 billion penalty over millions of dud accounts

Wells Fargo Bank is to pay $3 billion, which includes $500 million to be distributed to investors, to settle potential criminal and civil claims they led thousands of employees to

Business

Sharp drop in coronavirus cases ignites shares in Asia

SYDNEY, Australia – Encouraging news on the coronavirus front spurred a strong reaction on Asian stock markets on Thursday. The number of cases reported in China on Wednesday was 394,

Business

Japan’s economy slows to six year low, stocks fall

SYDNEY, Australia – Shares in Japan sank on Monday as the country’s economy recorded its slowest quarterly growth in six years. The Japanese economy in the December quarter was the

Business

163-year old giant U.S. newspaper publisher files for bankruptcy

SACRAMENTO, California – McClatchy newspapers on Thursday filed for bankruptcy in an attempt to restructure its business. The company’s first newspaper was launched 163 years ago this month, on February

Business

U.S. stocks make solid gains, euro drops to 4-month low

NEW YORK, New York – U.S. stock markets shrugged off global concerns about the spreading coronavirus, with the major indices all making solid gains. Elsewhere in the world stocks sank,

Business

Another triumph for Trump January employment figures soar

WASHINGTON, DC – As if things couldn’t get better for U.S. President Donald Trump. After his State of the Union address when he boasted the U.S. economy is the best

Business

Texting could boost pedestrian deaths, now running at 270,000 a year

WASHINGTON, DC – A recent study links smartphone texting to compromised pedestrian safety. A pooled analysis of available evidence includes observing higher rates of failure to look left and right

Business

Sellers swamp Wall Street as economy sputters, Dow drops 603 points

NEW YORK, New York – U.S. stocks sank on Friday as continuing poor economic data stoked concerns about the longevity of the strength of the U.S. economy. Commerce Department data

Business

U.S. and global stocks recover some lost ground Tuesday

NEW YORK, New York – U.S. stocks were mostly higher on Tuesday after sharp falls on Monday. Stocks rebounded across the globe as profit-takers took advantage of the major losses

Business

Dublin Airport contributing nearly 10 billion euro to Irish economy

DUBLIN, Ireland – The importance of the tourism industry to Ireland has been highlighted in a report which has examined the impact of Dublin Airport on the Irish economy. The

Business

Stocks in Asia recover from coronavirus scare

SYDNEY, Australia – Stocks in Asia rebounded on Wednesday, clawing back some of the extensive losses of a day earlier. The coronavirus scare reached stock markets globally on Tuesday, sparking

Business

Raytheon lands lucrative $442 million U.S. military contract

WASHINGTON, DC – The Pentagon on Thursday awarded more than half-a-billion dollars in defense contracts. With around 0.53 cents in every $1 of U.S. taxation going on military spending, and

Business

Trade hopes underpin modest gains on Wall Street

NEW YORK, New York – U.S. stocks rallied on Wednesday after the long-anticipated China-U.S. trade deal, or at least part of it, was finally finalized. U.S. President Donald Trump and