News

  Bloomberg Investors in Brazil may find that getting what they wished for isn’t all it was cracked up to be. The real and the Ibovespa slumped even after the lower house of Congress voted to proceed with President Dilma Rousseff’s ouster. The scope of gains going forward is seen as limited given the difficulty in tackling the country’s economic ...

  Bloomberg Verizon Communications Inc. is the leading suitor for Yahoo! Inc. after a number of bidders decided not to make an offer for the struggling Web company, according to the Wall Street Journal. Time Inc., Alphabet Inc. and IAC/InterActiveCorp have dropped out, while Advent International is among the buyout firms looking at making a bid, the Journal reported, citing ...

  Bloomberg The tap in her apartment yields water only every two weeks. It comes out yellow. Her 8-month-old granddaughter is ill. And as Yajaira Espinoza, a 55-year-old hairdresser, made her way down the halls of Caracas university hospital on Friday, Zika cases evident in the rooms around her, a dense ash-filled smog enveloped the city. “I am so sorry ...

  Bloomberg PepsiCo Inc. posted first-quarter profit that beat analysts’ estimates after North American snack sales rose, helped by price increases. Earnings were 89 cents a share, excluding some items, the Purchase, New York-based company said in a statement on Monday. Analysts estimated 81 cents, according to data compiled by Bloomberg. Sales fell 2.9 percent to $11.9 billion, matching analysts’ ...

  Dubai / WAM The UAE Cabinet, chaired by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, endorsed the launch of the Industrial Coordination Council to boost the industrial sector in the country. The Industrial Coordination Council will be tasked with developing a national strategy to boost the industry sector in ...

  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, on Sunday received a telephone call from President Joko Widodo of Indonesia and President Mohammad Ashraf Ghani of Afghanistan. During the course of the call, Sheikh Mohamed and President Joko Widodo discussed ways ...

  Portoviejo / AFP Rescuers in Ecuador raced to dig out people trapped under the rubble of homes and businesses on Sunday, following a powerful 7.8-magnitude earthquake that killed at least 233. Vice President Jorge Glas called it the “worst seismic movement we have faced in decades.” President Rafael Correa said on Twitter that the death toll on Sunday had ...

  ABU DHABI / WAM A delegation representing Abu Dhabi’s tourism industry is heading to Germany to participate in IMEX Frankfurt 2016, the award-winning trade show that promotes innovation in the Meetings Incentives Conferences and Exhibitions, MICE, sector. The show, which runs from April 19-21, is expected to draw thousands of exhibitors and key decision-makers from around the world to ...

  DUBAI / WAM The Inflation Rate in the Emirate of Dubai record 1.61% in the First Quarter of 2016 compared to the same period of 2015, according to a report released by Dubai Statistics Centre. The report attributed the increase in the prices of Education group by 4.83% where this group form 4.09% of total relative importance in the ...

  Bloomberg Talks in Doha between some of the world’s biggest oil producers on freezing production dragged on into the evening amid disagreements on the wording of the accord, in part to address Saudi Arabia’s insistence that Iran be included in any deal. As the summit in the Qatari capital continued more than eight hours beyond its initially scheduled conclusion, ...