Business


Fed's Yellen: 'Education key to higher-paying jobs'

The US job market has improved and wages are on the rise, according to Federal Reserve Chair Janet Yellen. However, some of the challenges Yellen mentioned include "slow economic growth" and "disappointing productivity". "Like technological change, globalization has reinforced the shift away from lower-skilled jobs that require less education to higher-skilled jobs that require college and advanced degrees", she said.


BP Awarded Abu Dhabi Concession as Emirate Gets 2% BP Stake

BP Awarded Abu Dhabi Concession as Emirate Gets 2% BP Stake

In connection with the transaction, BP will issue new ordinary shares "to be held on behalf of the Abu Dhabi government". The agreement promises BP additional cash flow and revenue after a downturn that has forced the industry to slash billions of dollars of investments worldwide in the past two years.


Buys stake in riding-hailing app Careem

Buys stake in riding-hailing app Careem

This is yet another big investment in ride-hailing apps for Saudi Arabia, an ultraconservative Sunni-ruled kingdom where women are not allowed to drive. Careem, which started in 2012, operates 47 cities in Turkey, Pakistan and across the Middle East and North Africa, according to the STC statement. It has a fleet of more than 90,000 drivers and more than four million users registered through its mobile app.



Arsenal Manager Arsene Wenger Makes Extraordinary Claim After Manchester City Defeat

You have opportunities to win. Although his side has lost just three league games this term, they suffered big defeats against Chelsea and Leicester, which have put the Catalan under a bit of pressure from the media. Yet if they had played at Goodison Park on Wednesday, there would have been a day less to prepare for City, who leapfrog the North London team to reclaim second spot after their win.


Cavs' Chris Andersen Out for Season With Torn ACL

Cavs' Chris Andersen Out for Season With Torn ACL

Lakers forward Julius Randle (16 points, seven assists, and four rebounds) did everything he could to keep the team from losing, and he felt his teammates did the same. Days after Westbrook said he was exhausted of the talk about his streak of seven straight triple-doubles - which ended last weekend - he was at it again, pouring in 26 points with a career-high 22 assists and 11 rebounds.