News

  Bloomberg Brazilian swap rates slid, even after consumer prices rose faster than forecast, in an early vote of confidence that the new administration will be able to slow inflation. Swap rates on the contract maturing in January 2018, a gauge of expectations for interest-rate moves, declined 0.05 percentage point to 12.72 percent, even as inflation accelerated more than all ...

  Bloomberg The electric-car revolution is here and Chile is looking to ramp up production of the lithium the industry needs for batteries. Or it would be, but for a bitter dispute between the government and the former son-in-law of a military dictator. After Chile’s government moved to withdraw its license to exploit one of the world’s largest deposits, Soc. ...

  New York / AFP Media mogul Sumner Redstone has ousted the head of Viacom from a trust with the power to take over his business interests, putting his daughter in position to control his $40 bn empire, a source close to the matter told AFP. Redstone, 92, is the controlling shareholder of Viacom and CBS whose failing health has set ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, called the Egyptian President, Abdel Fattah El Sisi, to express his sincere condolences for the victims of the EgyptAir passenger plane crash in the Mediterranean on its flight from Paris to Cairo. HH ...

  ABU DHABI / WAM Helal Mohammed Al-Hameli, Deputy Director General of the Abu Dhabi Chamber of Commerce and Industry and Riitta Swan, Ambassador of Finland to the UAE discussed ways to enhance trade and investment co-operation between the Emirate of Abu Dhabi and Finland. During a meeting here in Abu Dhabi, Al-Hameli reviewed the services and facilitations provided by ...

  DUBAI / WAM The Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding (MoU) with Tata Consultancy Services (TCS) to support DEWA’s strategy in Research and Development (R&D), sustainability, diversification of the energy mix, in an environment that nurtures innovation and creativity. The MoU was signed by Saeed Mohammed Al Tayer, MD and CEO of DEWA and ...

  Abu Dhabi / WAM An official delegation from the UAE has successfully participated at the 8th Kazan International Economic Summit between the Russian Federation and member countries of the Organisation of Islamic Cooperation (OIC) from May 19-21, in Kazan, the capital of Russia’s Tatarstan Republic. The delegation was headed by Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of ...

  London / WAM A joint workshop between the Federation of Arab News Agencies (FANA) and Thomson Reuters concluded in London on Friday night. The two-day workshop was attended by heads of the Arab news agencies and senior officials at Thomson Reuters. Topics discussed during the workshop included the future of news agencies in the digital age and means of cooperation ...

  Dubai / Emirates Business In line with the Dubai Future Agenda approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, as a roadmap for the Dubai Future Foundation to shape the future of the strategic sectors, the Foundation announced a strategic partnership with Key Note Conference ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA)’s Amazon Rainforest expedition team met Carlos Tavera, Consul General of Peru in the UAE, as part of preparations for their trip to Peru. The expedition will run for 12 days and will focus on 3 specific areas in Peru. These include the desert coast, the cloud forests of the Andes, and ...