News

  Emirates Business In an effort to show solidarity in caring and protecting the environment, Ajman Sewerage Private Company Limited (ASPCL), under its Community Care Foundation has led hundreds of Ajman residents in marking this year’s World Environment Day (WED) at an event held at the Corniche Marina Walk. Reiterating its commitment in advocating for a greener and cleaner city, ...

  Manama / Tribune News Service An initiative to collect excess fresh food from supermarkets and distribute to those in need could soon be implemented. Muharraq Municipal Council chairman Mohammed Al Sinan said throwing away unsold edible food should be banned, describing it as a blessing from God that must be conserved. Hundreds of thousands of farm animals, as well ...

  Bloomberg Justice Secretary Michael Gove, one of the leaders of the campaign to get Britain out of the European Union, defended its assertions about the costs of membership as he was accused of running “Project Lies.” Appearing on a Sky News television special the night after Prime Minister David Cameron made the case for staying in the EU on ...

  London / AFP Former leaders of Britain’s main opposition Labour on Saturday urged supporters to vote in favour of EU membership at this month’s referendum. Six senior figures including Tony Blair and Gordon Brown said that, unless the party’s supporters turned out to vote on June 23, there was a risk of Brexit. Current Labour leader Jeremy Corbyn has been ...

  Bloomberg Finland was downgraded by Moody’s Investors Service, losing its last top credit rating just as the northernmost euro member is showing signs of emerging from a protracted economic stagnation. The country’s debt rating was cut to Aa1 from Aaa, Moody’s said in a statement on Friday. Finland had a triple-A rating from Moody’s since 1998. The country lost ...

  Bloomberg German government bonds may gain next week along with the rest of the euro region’s core debt market as investors seek havens before unprecedented political events later this month. Britain’s referendum on its European Union membership and Spain’s repeat elections are approaching, and bonds from Germany, France and the Netherlands have been outperforming their peripheral peers in the ...

  Luxembourg / AFP One of Europe’s smallest states, the Grand Duchy of Luxembourg, cast its eyes to the cosmos, announcing it would draw up a law to facilitate mining on asteroids. Extracting precious metals, rare minerals and other valuable commodities on passing asteroids is a staple of science fiction, but Luxembourg says incentives are urgently needed to turn this ...

  Bloomberg Colombia’s economy grew at the slowest pace since 2009 in the first three months of the year as consumer confidence slumped and prices fell for the nation’s oil, coal and coffee. The weaker-than-expected result caused bond yields to drop as traders pared bets on further interest rate increases. Gross domestic product expanded 2.5 percent from the year earlier, ...

  Bloomberg Brazil’s Acting President Michel Temer will prioritize infrastructure concessions this year as a way to showcase an improving political environment and rule of law, before offering stakes in state companies in 2017. Several highways and airports are almost ready to be put up for tender. Such deals are less controversial than those involving strategic assets, like units of ...

  Bloomberg For bond traders, the stalling U.S. job market means the Federal Reserve will probably lift interest rates just once this year, in December. The nation’s employers added workers at the slowest pace in almost six years in May, government data showed. The report fueled a surge in Treasuries, driving yields on two-year notes down the most since September ...