News

  Bloomberg India’s inflation grew at its slowest pace in two years as Prime Minister Narendra Modi’s move to scrap high-value currency notes dented demand. Consumer prices rose 3.63 percent in November from a year earlier, the Statistics Ministry said in a statement in New Delhi on Tuesday. That compares with the 3.9 percent median estimate in a Bloomberg survey ...

  Bloomberg Coal demand will “stall and plateau” over the next five years as declines in Europe and North America are offset by growing consumption in India and southeast Asia, according to the International Energy Agency. The fuel’s share of total electricity generation will fall to 36 percent in 2021 from more than 41 percent in 2013, the Paris-based agency ...

  Bloomberg Spain must make further efforts to reduce long-term unemployment and continue its budgetary adjustment process, the International Monetary Fund said, while noting that the nation’s economic recovery remains robust. In its concluding statement after its assessment of the country’s economic performance, the Washington-based institution said Spain witnessed an “impressive recovery” helped by reforms, fiscal loosening and the European ...

  Bloomberg UK plans to generate power by building a 1.3 billion pound ($1.7 billion) tidal lagoon off the South Wales coast are in doubt after a government-backed body said the project could kill thousands of migratory fish. Natural Resources Wales may withhold the marine license that Tidal Lagoon Plc needs to build a 320-megawatt renewable energy project in Swansea ...

  Bloomberg UK inflation accelerated more than economists forecast in November, boosted by prices for clothing and gasoline. The jump to 1.2 percent from 0.9 percent in October means consumer prices are rising at the fastest pace since October 2014. Economists had anticipated an increase to 1.1 percent. The latest data from the Office for National Statistics also added to ...

  The Hague / AFP The Dutch economy has grown by 2.1 percent this year the government’s economic think tank said, thereby recovering to pre-financial crisis levels. “With one quarter to go, 2016 has been a special year for economic recovery,” the Hague-based Central Planning Office said in a statement. “Production per capita is back to 2008 levels following double ...

  Bloomberg Uber Technologies Inc. is expanding a partnership with WageWorks Inc. that allows users of the ride-sharing giant’s UberPool service to pay for commutes to and from work with pretax funds, bringing the benefit to several cities across the US The program will extend to areas including San Francisco, Philadelphia, Boston and Denver, according to a statement Tuesday from ...

  DUBAI / WAM The UAE Cabinet launched an expanded World GovTechioneers Race, a three-category annual award designed to acknowledge government technology pioneers who provide global solutions to common global challenges. The award was launched to motivate government entities to promote creative and smart government initiatives and partnerships that would aim to provide innovative, smart solutions to help resolve common ...

  Dubai / EMIRATES BUSINESS Deyaar launched a drive to help customers make the right investment choices, with a range of generous promotional offers that include zero down payments on new properties and waivers for Dubai Land department fee. Marking end of a successful year, Deyaar is launching promotion that covers some of its key residential projects – Midtown, Mont ...

  DUBAI / EMIRATES BUSINESS Abu Dhabi Chamber of Commerce & Industry announced the launch of the 2016 Edition of the International Franchise Conference & Exhibition, on December 14, at Abu Dhabi National Exhibition Centre. The event, now in its 4th edition, is widely considered one of the most successful franchising events in the region, with discussions focused on modern ...