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  Bloomberg If Mario Draghi brought a souvenir back from his trip to Washington, it might just be an olive branch. As the European Central Bank prepares for a policy decision this week, its president will return to his desk armed with an endorsement of stimulus by the International Monetary Fund, and an apparent truce with one of his most ...

  Bloomberg Dilma Rousseff’s presidency is hanging by a thread after Brazil’s lower house of Congress voted in favor of her impeachment, a decision that’s likely to cheer investors just as it threatens to bring down the curtain on 13 years of leftist rule. The opposition garnered 367 votes, 25 more than the two-thirds majority it needed to send the ...

Baghdad / AFP US Secretary of Defence Ashton Carter visited Baghdad on Monday for talks on stepping up the fight against the IS group in Iraq, where the US has deployed troops to fight the extremists. Carter’s visit comes after a week of political turmoil that has been a setback for Prime Minister Haider Al Abadi, and the US defence ...

Beirut / AFP Key Syrian rebel groups vowed on Monday to strike back against alleged regime ceasefire violations, casting doubt on the future of fragile peace talks due to resume in Geneva. A truce agreed in February dramatically curtailed violence across much of Syria, but fighting has surged in recent days around second city Aleppo, causing tens of thousands to ...

  Ecuador / AFP Rescuers in Ecuador raced to dig out people trapped under the rubble of homes and businesses on Sunday, following a powerful 7.8-magnitude earthquake that killed at least 233. Vice President Jorge Glas called it the “worst seismic movement we have faced in decades.” President Rafael Correa said on Twitter that the death toll Sunday had risen ...

  Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, endorsed the launch of the Industrial Coordination Council to boost the industrial sector in the country. The Industrial Coordination Council will be tasked with developing a national strategy to boost the industry ...

  ABU DHABI / WAM A delegation representing Abu Dhabi’s tourism industry is heading to Germany to participate in IMEX Frankfurt 2016, the award-winning trade show that promotes innovation in the Meetings Incentives Conferences and Exhibitions (MICE) sector. The show, which runs from April 29-21, is expected to draw thousands of exhibitors and key decision-makers from around the world to ...

  Bloomberg Greece’s finance minister arranged a last-minute follow-up meeting with International Monetary Fund Managing Director Christine Lagarde before returning to Athens from a gathering of global policy makers in Washington, as the nation seeks to unlock more bailout funds from creditors. The creditors are considering proposing additional austerity measures that would kick in if the nation missed budget targets, ...

  Dubai / WAM With the GCC tripling its production capacity between the 2004-2015 period, petrochemical producers in the region must focus on supply chain efficiencies in order to retain export market share, said the Gulf Petrochemicals and Chemicals Association (GPCA), ahead of the Supply Chain Conference in May. Regional chemical output in plastics, fertilisers and other products are chiefly ...

Kuala Lumpur / Bloomberg Malaysia will meet its economic expansion target this year even as risks to global growth mount and greater volatility may persist in capital flows, central bank Governor Zeti Akhtar Aziz said. Price pressures are “quite contained” due to lower fuel and commodity costs and slightly slower demand, Zeti said in an interview in Washington. Until there ...