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AFP Two recent oil pipeline spills in Peru’s part of the Amazon hit areas rich in wildlife and it will take them a year to recover, the government said Monday. The spills released a total of 2,000 barrels of petroleum, Energy and Mining Minister Rosa Maria Ortiz said. She and other government officials flew over one of the areas blackened ...

Bloomberg When British Prime Minister David Cameron rushed to Paris late on Monday to lobby the French leader over safeguards for London’s banks, the latest in a long line of disputes between the two countries had been five years in the making. French President Francois Hollande is leading a group of euro-area countries unhappy with U.K. demands to shield its ...

Brussels / Bloomberg European Commission chief Jean-Claude Juncker refused on Tuesday to entertain the idea of a British exit from the European Union, saying there is no “plan B” ahead of talks with British Prime Minister David Cameron. Juncker, head of the EU executive, said he expected Britain to stay in 28-nation bloc as “a constructive and active member.” “If ...

Alex Morales / Bloomberg A British departure from the European Union would put at risk 466 billion pounds ($670 billion) of U.K. trade with nations in Europe and beyond, according to a report published on Tuesday by the Centre for Economic and Business Research. Britain’s membership of the bloc gives it “easy” access to trade with the other 27 member ...

WARSAW / Bloomberg Poland’s new government plans to harness 1 trillion zloty ($254 billion), or nearly half of the country’s annual economic output, for investment in manufacturing and innovation to help the nation catch up with richer European Union neighbours. The government is due to discuss the proposal, drafted by Development Minister Mateusz Morawiecki, the former chief executive officer at ...

London / AFP Britain’s annual inflation rate rose in January to its highest level for a year, buoyed by the higher prices for clothing and alcohol, official data showed Tuesday. The 12-month Consumer Price Index (CPI) rose by 0.3 percent last month, after registering 0.2 percent in December, the Office for National Statistics (ONS) said in a statement. Alcohol and ...

MOSCOW / Bloomberg Neither a recession nor a collapse in revenue has yet been enough to convince Russian President Vladimir Putin that it’s time to join with OPEC in cutting oil output to boost prices. His reasons may be pragmatic rather than political. As Russia’s oil minister meets his Saudi Arabian counterpart in Doha on Tuesday, the world’s second-largest crude ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, has issued an Emiri decree appointing His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, as Chairman of the Executive Council of Abu Dhabi. In another ...

ABU DHABI / EMIRATES BUSINESS Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, on Monday announced net profit of AED 2.6 billion for the financial year ended 31 December 2015, up 13% from AED 2.3 billion in 2014. Net profit for the fourth quarter rose 4% to AED 750 million, from AED 718 million in Q4 ...

DUBAI / WAM Dubai Exports, the export development agency of the Department of Economic Development (DED) in Dubai, is set to connect exporters in the UAE to new and strategic markets across Europe, Asia and Africa in 2016 after its target sectors and overseas offices across six countries brought remarkable outcomes in 2015. With local exporters and manufacturers venturing successfully ...