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  Seoul / AFP South Korea is to ban sales of some cars made by Porsche, BMW and Nissan, and fine the companies over $5 million as a probe into emissions documentation widens. Seoul began investigating environmentalcertification on imported cars after Volkswagen last year admitted to installing emissions cheating software in some 11 million diesel vehicles worldwide. The so-called defeat ...

  Bloomberg North Korea faces a sharp cut in coal exports under a United Nations Security Council resolution that’s aimed at punishing Kim Jong Un’s regime for a September nuclear test by cutting off his government’s few sources of hard currency. The resolution, a copy of which was obtained by Bloomberg News, would deny Pyongyang at least $700 million a ...

  Brussels / AFP The EU unveiled ambitious plans on Wednesday to boost joint defence spending including on shared assets like drones and helicopters, as concerns grow that President-elect Donald Trump may downgrade the US security commitment. Trump shocked longtime NATO allies in Europe when he suggested on the campaign trail be would think twice about coming to their aid ...

  New York / AFP Workers from fast-food chains, airports and other service industries rallied in US cities as part of a nationwide day of disruption to demand union rights and a minimum wage of $15 an hour. In New York, a group of 500 that included airport and taxi workers joined a union-backed “Fight For 15” march in front ...

  Ottawa / AFP Canada approved two new pipelines including one to the Pacific coast that will allow producers to sell into new Asian markets, while rejecting a third project. Prime Minister Justin Trudeau told a press conference his government has agreed to tripling the capacity of Kinder Morgan’s half-century-old Trans Mountain pipeline to move crude from the Alberta oil ...

Bloomberg London Mayor Sadiq Khan pledged to stop buying double-decker buses that run purely on diesel from 2018, as part of his drive to clean up the capital’s toxic air. In addition, all new single-deck buses will be zero-emission, Khan’s office said in an e-mailed statement on Wednesday. The mayor also unveiled the world’s first double-deck hydrogen-fueled bus, manufactured by ...

  Bloomberg Personal spending increased at a more moderate pace in October after the biggest gain in five months, while faster income growth signaled demand will be sustained. Purchases rose 0.3 percent after a 0.7 percent September advance that was stronger than first estimated, Commerce Department figures showed on Wednesday. The median forecast in a Bloomberg survey called for a ...

  DUBAI / WAM Dubai-based flydubai officially launched its Bangkok service, marking the start of its first double daily route outside of the GCC. The inaugural flight from Dubai International Terminal 2 landed at Bangkok International Airport on Tuesday, providing connecting routes for travel through Dubai. Commenting on the launch of the new route, Ghaith Al Ghaith, CEO at flydubai, ...

  AJMAN / WAM HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, received on Tuesday Igor Mirovic, President of the Provincial Government of Vojvodina, Serbia, and explored prospects to establish joint trade, and economic and investment projects. Mirovic is leading a high-level delegation on a visit to the UAE. The Ajman Ruler called on ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan ordered the release of 1,102 prisoners on the occasion of the UAE’s 45th National Day. The move comes as part of President Khalifa’s keenness to give pardoned inmates an opportunity to start a new life and ease the suffering of their families. Commenting on the occasion, ...