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Abu Dhabi / Emirates Business In line with its priority to raise awareness about the importance of sustainable development funding, Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, hosted a lecture at Al Ain University (AAU). Drawing the participation of AAU students and faculty, the lecture outlined the Fund’s role in promoting sustainable development ...

Bloomberg Berlin’s governing parties struck a deal to freeze rents for five years, marking one of the most radical plans to tackle spiraling housing costs in a major city and hitting the shares of major apartment owners. The German capital’s aggressive efforts to clamp down on rent increases have sparked interest in cities from Amsterdam to New York. While renters’ ...

Bloomberg Almost two weeks after 2.3 million people in California suffered through forced blackouts, the state’s utilities are warning they may have to cut power again with dry, gusting winds raising the threat of wildfires. At risk is supply to thousands who live and work in the mountains and valleys north of Los Angeles. A handful have already lost power, ...

Bloomberg The US minted more than than half the world’s new millionaires last year as investments in equities and tech stocks propelled assets higher. The world’s wealthiest country accounted for 675,000 new millionaires, according to Credit Suisse Group AG’s Global Wealth Report. Japan and China contributed the second- and third-most, according to calculations based on US dollars. A significant portion ...

Bloomberg In September, Jaguar Land Rover (JLR) unveiled a new development facility near Coventry in central England, equipped with technologies like 3-D printing and dedicated to a futuristic vision dubbed “Destination Zero”: No emissions, accidents or congestion. Early next month, Britain’s biggest auto manufacturer plans to add another goose egg: Zero production. The maker of luxurious Jaguar sedans and rugged ...

Bloomberg Japan Display Inc (JDI), the struggling supplier of mobile screens to Apple Inc, says it has about a year before it needs to decide on whether to take a plunge on next-generation organic light-emitting diode displays. While OLED panels are slimmer, more energy-efficient and offer higher contrast, JDI’s liquid crystal displays (LCD) will retain a price advantage that keeps ...

Bloomberg South Korean trade officials will discuss the country’s developing-nation status at the World Trade Organization with American counterparts this week, Yonhap News Agency reported. Trade Minister Yoo Myung-hee will reach out to the US, and the issue will be addressed at an economy ministers’ meeting soon, the report said, citing Finance Minister Hong Nam-ki. In July, Trump accused some ...

Bloomberg The trade spat between India, the world’s biggest palm buyer, and Malaysia seems to be escalating, with an influential processors’ group in Mumbai asking its members to refrain from buying the tropical oil from the second-largest producer. Malaysian PM Mahathir Mohamad last month told the United Nations that India “invaded and occupied” Kashmir. Since then, many Indian buyers of palm ...

Bloomberg The global collapse in coal prices this year has dealt a particularly heavy blow to miners in Indonesia, the top exporter and one of the largest producers of the fuel. Bonds from the country’s financially weak miners have suffered more than peers elsewhere in Asia due to a lack of diversification and state backing that many competitors enjoy. Prices ...

Bloomberg The world has more than enough coffee, and Indonesia is looking to add to the glut. The coffee industry in the No. 3 producer of robusta is on a mission to boost output at a time when production is soaring and prices are tumbling. Farmers are expected to reap 50%-60% more beans within the next five years, said Pranoto ...