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IMF chief urges Arab states to slash spending

DUBAI: IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaking at the one-day Arab Fiscal Forum in Dubai, Lagarde…

FIFA report details spending of Blatter era

LAUSANNE, SWITZERLAND: A copy of a report seen by AFP into the state of FIFA commissioned by Gianni Infantino after his election as president shines a light on the murky ways of the old regime at world football's governing body. The…

US Black Friday: more shoppers but less spent per head

WASHINGTON: The American shopping orgy known as Black Friday lured more buyers this year but they spent less per person thanks to great bargains, an industry group said Sunday. More than 154 million people made purchases during the…

Chinese spend billions on Singles’ Day

BEIJING: Chinese shoppers unleashed a record deluge of cash online for Singles Day on Friday, Alibaba said, spending almost $18 billion with the e-commerce giant in the world's biggest online shopping promotion. Singles' Day -- named for…
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