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Bloomberg European Commission President Jean-Claude Juncker called on Italy to redouble its fiscal efforts to avoid deviating from the goals agreed to with Brussels, saying the government in Rome has already enjoyed concessions on spending. The commission “has to look out for the observation of the rules, and in the case of Italy we have introduced lines of flexibility in ...

Bloomberg The US boom won’t be enough to stop the rest of the world economy from slowing. Finance ministers and central bankers head to Indonesia next week for the International Monetary Fund’s annual meeting, with the lender signalling it will cut its global growth forecasts for the first time in two years after the best upswing since 2011. That’s despite ...

Bloomberg Brazilians are putting their young democracy to a political stress test, going to the polls deeply divided after years of corruption and recession have pummeled faith in their institutions. The 147 million voters in Latin America’s largest economy have from 8 am until 5 pm on Sunday to cast ballots for a new president as well as most state ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has stated that increasing foreign direct investment (FDI) inflows reflect growing investor confidence in Dubai. FDI into Dubai recorded significant growth in the first half of 2018, reaching $4.84 bn (AED17.76 bn), a 26% up compared to ...

Ajman / WAM Al Ihsan Charity Association (ACA), has spent AED53.6 million in humanitarian, charitable, social, educational and health assistance in the first nine months of the year. Dr Sheikh Abdul Aziz Al Nuaimi, CEO of ACA, said financial assistance was offered to widows, divorcees, abandoned wives, wives of prisoners, surgeries, medicines, rental arrears and school fees. “Humanitarian financial assistance ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), is organising a trade mission to Lisbon in Portugal from October 8-10, with the aim of enhancing economic cooperation and mutual investment between Sharjah and Portugal, under the framework of the growing bilateral relations between the UAE and Portugal in various fields. The mission comes at a time when ...

Dubai / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, has launched a school gardening competition, set to run until end-April 2019, in collaboration with the Knowledge and Human Dev- -elopment Authority (KHDA). Dr. Al-Zeyoudi announced the start of the competition during a visit to Al Sadiq Islamic English School in Dubai, where he toured the ...

Bloomberg Downside risks to Japan’s economy have increased in the past year and more work will be needed to sustain the recovery, the International Monetary Fund (IMF) said after its annual consultation with the Japanese government. Near-term risks include weaker global demand from trade or geopolitical tensions, which could undermine growth and trigger a strengthening of the yen, as well ...

Bloomberg Any increase in capital outflows could make it more difficult for companies and governments to refinance foreign debt in developing East Asia, with Indonesia and Thailand most at risk, says the World Bank. Outflows pose “potentially disruptive implications for business operations and solvency on the corporate side, and for deficit financing and debt sustainability on the sovereign side,” the ...

Bloomberg Secretary of State Michael Pompeo arrived on Saturday in Japan on a trip that will take him to North Korea, as US disarmament demands are increasingly undermined by calls for sanctions relief and President Donald Trump’s eagerness for a second summit with Kim Jong-un. Pompeo will spend less than a day on the ground in Pyongyang on Sunday meeting ...