A suspicious package in Times Square prompted an evacuation and raised alarms in a jittery city on Friday afternoon until authorities determined it was a false alarm. Investigators determined after an anxious hour or so that the suspicious package -- a green cooler -- contained only water bottles... Read more...
Dubai's government has announced it has been given a $10bn (£6.13bn) handout from United Arab Emirates neighbour Abu Dhabi to help it pay off its debts. It will use $4.1bn (£2.5bn) of the money to bail out the government-owned investment company Dubai World. The company's property development op... Read more...
The central bank of the United Arab Emirates (UAE) has said it will provide banks with extra liquidity. The news comes days after the state-owned Dubai World said it would ask for an extension on repaying its debts, sending world stock markets tumbling. The move appeared designed to head off a pos... Read more...