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Attack on Nice deals blow to France's crucial tourism industryThe carnage on Nice's famed seaside boulevard as the summer season got into full swing has sent shockwaves through France's tourism industry, a vital sector for the economy of the world's most-visited country. With tou More… |
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China blow for global energy marketsThe outlook for China’s economic growth, which is experiencing its worst performance in decades, is the trigger of greatest uncertainty in the global energy markets. This is according to 32 per cent of respondents in a Gulf Intelligence More… |
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Tesco chief to quit over finance blowThe chairman of Britain's biggest grocery chain, Tesco, resigned after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought. Tesco, Britai More… |
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Saboteurs blow up Egypt gas pipelineSaboteurs blew up a gas pipeline about 60 km west of the Egyptian town of al-Arish on Friday, the state news agency Mena reported, in the latest of a string of such attacks. It said the blast had caused little damage and had not started a More… |
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Key manufacturing blow for euro zoneEuro zone manufacturing hit reverse gear in August, tumbling to a two-year low, a key survey showed in a new signal of economic slowdown. The euro zone manufacturing purchasing managers' index (PMI) compiled by London-based Markit logged 4 More… |
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Gulf Photo Plus to hold photo tour of IstanbulGulf Photo Plus (GPP), a leading photography event organiser, will offer an opportunity to produce stunning travel portraits and photographs of the natural and urban landscape of Istanbul in an upcoming photo tour. The new five-day Gulf Ph More… |
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$17.2bn blow for HSBCHSBC's pre-tax profit rose 10 per cent last year, driven by buoyant growth in Asia which helped Europe's biggest bank absorb $17.2 billion in bad debts as the US housing crisis deepened. Profit in Hong Kong rose 42 per cent and earnings ju More… |
