News

  Canberra / AP Australia’s prime minister used his official campaign launch on Sunday to warn against a change of government during the economic fallout from Britain’s decision to leave the European Union. Polls project Prime Minister Malcolm Turnbull’s conservative coalition is widely expected to be returned next Saturday for a second three-year term with a reduced majority. Turnbull said his ...

  Yangon / AFP Myanmar police on Sunday torched drugs with a street value of nearly $60 million as authorities struggle to tackle the scourge of poppy cultivation and shut down pill laboratories in lawless border zones. The impoverished nation remains the world’s second biggest producer of opium from which heroin is made, according to the United Nations. Decades of ...

  Hyderabad / Tribune News Service Apollo Hospitals group signed an agreement with Chinese infrastructure firm Hainan Ecological Smart City Group (HESCG) to jointly develop an integrated modern healthcare services facility and systems in Hainan province, where a smart city is being developed in China’s largest special economic zone. The collaboration with Apollo Hospitals would begin with the development of ...

  Shanghai / Bloomberg China Logistics Property Holdings Co., the warehouse developer backed by Carlyle Group LP, will delay the launch of its $400 million Hong Kong initial public offering, people with knowledge of the matter said. The Shanghai-based company will postpone the start of the share sale until June 29 due to volatile market conditions after Britain voted to ...

  New Delhi / Tribune News Service In a unique environment friendly initiative, the Delhi Metro Rail Corporation (DMRC) has decided to use broken tiles to reduce the heat inside Metro stations. Unable to dispose of tiles that are broken at Metro stations and removed every day, engineers working with the DMRC suggested the pieces be placed on the rooftop ...

  Emirates Business Qatar’s economic diversification strategy continues to create foreign investment opportunities across its burgeoning retail market, despite the sustained low oil prices, according to Links Group, Qatar’s leading provider of commercial facilitation and advisory services. According to Alpen Capital, the Qatari retail market is expected to grow at a compound annual growth rate (CAGR) of 9.8 percent reaching ...

  Reuters Growth in Saudi Arabia’s non-oil gross domestic product is expected to slow to 2.8 percent in 2016 from 3.4 percent in 2015, Saudi central bank governor Ahmed al-Kholifey told state television station Ekhbariya. Kholifey, speaking in an interview broadcast late on Saturday, was responding to a question about Saudi monetary policy and economic growth given global financial market ...

  Bloomberg Rosneft PJSC, the world’s largest publicly traded crude producer, agreed to sell a stake in a key unit to China as Russian President Vladimir Putin seeks to bolster energy ties with Asia. The state-run company committed to negotiating the sale of 20 percent of its Verkhnechonsk unit to Beijing Enterprises Group Co., Rosneft said in a statement. The ...

  London / AFP Will Brexit threaten London’s long-booming economy? The British capital fears investors and bankers could flee the city after the shock nationwide vote, threatening its coveted reputation as a global financial hub. Some 60 percent of Londoners voted to stay in the EU in Thursday’s historic referendum, but the rest of the country cast their ballots overwhelmingly to ...

  Bloomberg Jonathan Hill, sent to Brussels by U.K. Prime Minister David Cameron less than two years ago, resigned as the European Union’s financial-services chief in the wake of Britain’s vote to secede from the bloc. “As we move to a new phase, I don’t believe it is right that I should carry on as the British commissioner as though ...