Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

The Bank of England has welcomed a “crucial and positive” move by the EU to help keep a key part of the financial system functioning in the event of a “no-deal” Brexit.

A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.


Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.


UAE universities rank among the world’s best

UAE universities rank among the world's best

The 2019 World University Rankings included more than 1,250 universities with several UAE universities placed in prominent ranks

Khalifa University led the pack of top-performing universities in the country after being ranked in the 301-350 places among the best higher education institutions in the world.

In second place was United Arab Emirates University, which was placed in the 351-400 global rankings. The American University of Sharjah and University of Sharjah were tied in third place and were among the 800-1000 top universities worldwide.

Khalifa University was ranked in the 301-350 world rankings, along with UK’s Heriot-Watt University, University of Connecticut in USA, Boston College, University of Houston, La Trobe University Australia and KSA’s Alfaisal University.

The top-ranked university in the GCC was KSA’s King Abdulaziz University at 201-250 places.

The 2019 World University Rankings includes more than 1,250 universities—which makes it Times Higher Education’s (THE) biggest international league table to date.

According to the THE, it is the only global university performance table to judge research-intensive universities across all of their core missions: teaching, research, knowledge transfer and international outlook. Performance indicators included comprehensive and balanced comparisons, which were trusted by students, academics, university leaders, industry and governments.

THE stated that the UAE “scored well when viewed through the prism of “international outlook,” which is determined by data on the level of international staff, students and cross-border research at each institution.”

“Small countries, such as the UAE, that are important global hubs similar to Singapore and Switzerland naturally have the best scores, with Hong Kong taking a noticeable leap forward in recent years,” THE added.

Iconic British universities like Oxford and Cambridge have held their own as the top two spots in the World University Rankings – taking number one and two positions respectively—while other US institutions also continue to dominate the top 100 places in the list.

Stanford University maintained its position as the highest ranked US institution in third place worldwide, alongside Massachusetts Institute of Technology at fourth, and California Institute of Technology at fifth.

Rounding up the sixth to 10th places are Harvard University, Princeton University, Yale University, Imperial College London and University of Chicago.

On the other side, Chine led the east’s surge. One of its universities became the top institution in Asia for the first time, while Japan overtook the UK as the second most represented nation in the table with 103 universities, up from 89 in the previous rankings.

Beijing’s Tsinghua University has overtaken the National University of Singapore as the top institution in Asia, after rising eight places to 22nd, representing the greatest rise in the top 30 while NUS dropped from joint 22nd to 23rd, according to the THE.

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