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Bloomberg The UK’s chief statistician said a measure of inflation including housing will become the favored gauge of consumer prices from March. CPIH — the consumer prices index including owner-occupiers’ housing costs — will be the “preferred measure” of inflation for the Office for National Statistics. Switching to the new index will address several flaws and limitations in alternative price ...

Bloomberg In a bold move against corruption and unaccounted wealth, Prime Minister Narendra Modi has acted to arrest the drift in his popularity and place constraints on election funding, which will benefit him in crucial state elections next year. But Modi’s late-night announcement of a crack down on unaccounted wealth through the withdrawal of high-denomination bank notes left Indians with ...

  Bloomberg Japanese lawmakers are revisiting a plan to build a $6.7 billion natural gas pipeline from Russia ahead of a visit by President Vladimir Putin to the Asian country next month. A group of about 80 lawmakers from ruling parties will ask the government by the end of this month to carry out a feasibility study on the project, ...

  Bloomberg China Evergrande Group, the country’s largest property developer, increa- sed its stake in rival China Vanke Co., renewing concerns about a potential battle for control. The Guangzhou-based developer bought 161.9 million Shenzhen-listed Vanke shares between Aug. 16 to Nov. 9, Evergrande said in a filing to Hong Kong’s stock exchange after the close of trading on Wednesday, boosting ...

  Bloomberg The standoff between Tata Group’s patriarch and his estranged successor intensified in India’s biggest feud since a quarrel between the billionaire Ambani brothers broke out more than a decade ago. The Ratan Tata-led camp, which last month ousted Cyrus Mistry as chairman of the nation’s largest conglomerate, on Wednesday took steps to muscle Mistry out of the group’s ...

  London / AFP World stock markets reacted with a sharp initial downturn to maverick Republican Donald Trump’s shock election win on Wednesday, but quickly recovered their poise with surprising resilience. Asia kicked off a ‘Trump slump”, with Tokyo diving on concerns over the untested policies of the billionaire businessman and reality TV star. Europe followed suit, tipping about two ...

  Dubai / WAM Jebel Ali Free Zone (Jafza) and Investe Sao Paulo, a Brazil-based investment promotion agency signed a memorandum of understanding (MoU) to leverage Dubai as a business promotion hub to reach countries and customers in the GCC, Northern Africa, Asia and more. Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, and Chairman ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) confirmed that the ACWA Power and Harbin Electric consortium has begun construction of the 2,400 megawatt (MW) Hassyan clean coal power station, based on the Independent Power Producer (IPP) procurement model. The plant will be the first of its kind in the region and is fully-compliant with set international standards, ...

  Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum inaugurated the second phase of the Dubai Water Canal, a 12 kilometre waterway that connects Dubai Creek with the Arabian Gulf. The Dubai Water Canal project has been built at a cost of AED 3.7 billion. Crown ...

  Abu Dhabi / WAM Ways to promote relations between the UAE and Armenia, and regional and international issues of common concern were the focus of talks held on Wednesday between His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Armenian President Serzh Sargsyan, who is on ...