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Dubai / WAM More than 1,000 researchers, business leaders and public sector officials from 76 countries are attending the “Academy of International Business” Conference commenced on Sunday in Dubai. Themed “The contribution of MNEs to building sustainable societies”, the conference is being held under the patronage of The Mohammed bin Rashid School of Government (MBRSG), a research and teaching institution ...

Bloomberg The chorus in the oil market calling for deeper production cuts gets louder almost every day. By resisting the clamor, OPEC is breaking with its own history. As crude sank below $50 a barrel — less than half the price of two years ago — market-watchers from Goldman Sachs Group Inc. to former OPEC officials said supply curbs imposed ...

Bloomberg Shale explorers reduced the number of rigs drilling for oil in the US this week, snapping a record expansion in a sign the boom may be waning as prices linger near $45 a barrel. Working rigs targeting crude fell by 2, bringing the total to 756, according to Baker Hughes Inc. data reported. The reduction ended 23 straight weeks ...

Bloomberg The fire that killed at least 79 people in a residential tower in London earlier this month has delivered a blow to an often overlooked section of the green industry that’s crucial to delivering energy efficiency. Local authorities across the UK are ripping foam insulation from housing blocks after concerns that plastic cladding on the Grenfell Tower acted as ...

Bloomberg India’s Vedanta Ltd. will spend $3 billion over the next three years as it seeks to expand oil reserves and nearly double output from its largest field. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells at its Barmer block in the western Indian state of Rajasthan and other blocks in the eastern part ...

Bloomberg Japan’s core consumer prices crept higher for a fifth straight month, but their slow rise means inflation remains far from the Bank of Japan’s 2 percent target. Highlights of Data Consumer prices excluding fresh food advanced 0.4 percent in May from a year earlier, the fastest gain since December 2014, when the impact of a 2014 sales-tax hike is ...

Bloomberg Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood. The stark shift means that Prime Minister Najib Razak, who has weathered political attacks and protests going back to 2015 over allegations involving state-owned 1Malaysia Development Bhd., ...

Bloomberg Singapore cut the minimum period allowed for home rentals by half to three months, citing growing demand from tenants seeking shorter-term leases. All home occupants must fulfill a minimum stay duration of three consecutive months, while shorter stays including those facilitated through home-sharing platforms are still not allowed, the Urban Redevelopment Authority said in a statement on its website. ...

Bloomberg The Canadian government is proposing consolidating environmental reviews under a single agency while adding a new approval step for proponents of pipelines and other major projects — in what it says is a bid to both strengthen and clarify environmental rules. The proposal would add a requirement for an “early engagement” phase for projects that the government says would ...

Bloomberg Delivery Hero AG rose as much as 8.6 percent in its first day of trading, giving the Berlin-based takeout company a market capitalization of 4.7 billion euros ($5.3 billion) in a successful debut on the Frankfurt stock exchange. The food delivery broker, which connects customers and restaurants via its apps, rose as high as 27.70 euros after setting a ...