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  BAGHDAD / AP US-backed Iraqi government troops announced on Wednesday they were in “full control” of eastern Mosul after routing IS militants from that part of the northern city, three months since the major operation started. The achievement was a “big victory,” said Iraqi Army Lt. Gen. Talib Shaghati, who commands the counter-terrorism forces, describing the success of the Iraqi ...

  Bloomberg Qualcomm Inc. forced Apple Inc. to use its chips exclusively in return for lower licensing fees, unfairly cutting out competitors, the US said in a lawsuit against the biggest maker of mobile phone chips. Qualcomm’s exclusive deal with Apple was detailed in a Federal Trade Commission lawsuit accusing the chipmaker of illegally maintaining a monopoly for semiconductors used ...

  Bloomberg Iceland, the world’s tiniest developed economy, is now pondering whether it has the might to take on the currency markets. The center-right coalition that took office this month wants an overhaul of Iceland’s monetary policy framework, which could lead to fixing the currency or letting it trade within a band, Finance Minister Benedikt Johannesson, 61, said. The review ...

  Abu Dhabi / WAM Masdar, Abu Dhabi’s renewable energy company, has acquired a stake in Hywind Scotland, a 30-megawatt (MW) floating offshore pilot wind farm in the North Sea. Dr Sultan Al Jaber, UAE Minister of State and Chairman of Masdar; Dr Thani Al-Zeyoudi, Minister of Climate Change and Environment; Tone Skogen, State Secretary in the Ministry of Foreign Affairs, ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, welcomed separately Horacio Cartes, President of Paraguay, Filip Vujanovic, President of Montenegro, and Luis Guillermo Solis, President of Costa Rica, at his palace in Zabeel on Tuesday. His Highness Sheikh Mohammed bin Rashid, along with HH Sheikh Hamdan bin Mohammed ...

  Istanbul / AP Turkish police captured the gunman who carried out the deadly New Year’s nightclub attack in Istanbul, with officials saying on Tuesday that he’s an Uzbekistan national who trained in Afghanistan and confessed to the massacre. The man was being questioned by police, Prime Minister Binali Yildirim told reporters in Ankara. Yildirim expressed hope that the interrogation would ...

  Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology (MIST), an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, and the Korea University on Tuesday signed a research collaboration agreement to develop energy-efficient desalination technologies. The research project aims to confirm the viability of large-scale production of desalinated water from a plant fully ...

  Bloomberg A self-imposed cash shortage in India is creating chaos for jewellery retailers in one of the world’s biggest gold-buying countries. Sales are plunging. Just ask Renita Ferreira. While her February 24 marriage ceremony has been set for a year, she and her fiance haven’t bought wedding rings, even after many trips to stores in Panaji, the capital of ...

  Bloomberg India’s Tata Group, seeking to cement control over a sprawling $100 billion business empire, is exploring ways to boost its stakes in key listed companies including the maker of Jaguar luxury cars, people with knowledge of the matter said. Tata Sons Ltd., the group holding company, plans to raise its ownership over time in five of its largest ...

  Bloomberg Chinese President Xi Jinping cautioned against protectionism as he pushed back against criticism of globalization by Donald Trump and other Western populists. “Protectionism is like locking yourself in a dark room, which would seem to escape wind and rain, but also block out the sunshine,” Xi told the World Economic Forum on Tuesday, the first Chinese head of ...