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Bloomberg Mexico kept its overnight interest rate unchanged after the peso’s rebound from a record low eased inflation pressures and the Federal Reserve left borrowing costs on hold. Banco de Mexico’s Governor Agustin Carstens, held the overnight rate at 3.75 percent. The central bank said it will pay special attention to the exchange rate and its possible pass-through to consumer ...

Rio De Janeiro / AFP The Federation of Sao Paulo Industries is lit up in the green and yellow of the Brazilian flag, a giant black banner cutting across its facade with a blunt message: “Resign now.” The powerful industry group is not the only major player in the Brazilian economy that is openly hostile to embattled President Dilma Rousseff. ...

havana / AFP American Sue Pemberton rushed to Havana to experience authentic Cuba before the communist island gets swamped by capitalism. The only problem: millions of other foreigners had exactly the same idea. Already booming tourism is set to explode in the wake of President Barack Obama’s visit to Havana on Sunday, when he’ll bury an almost six decades-long conflict ...

DUBAI / WAM flydubai has announced that it is organising a programme of hardship payments to the families of the passengers of the plane which crashed early Saturday at Rostov-on-Don Airport, in Russia. The carrier said that it would allocate US$20,000 per passenger, in accordance with the Conditions of Carriage. The move aims to address any immediate financial needs of ...

The cabinet also approved a range of initiatives and projects, submitted by Ohoud Khalfan Al Roumi, Minister of State for Happiness, as part of the national happiness programme. The programme includes appointment of a CEO for happiness and positivity at all government bodies, and the establishment of councils for happiness and positivity at federal entities. Certain hours will be allocated ...

ABU DHABI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance (MoF) has launched an internal initiative titled, ‘Ministry of Finance, Happiest Ministry,’ which includes a number of programmes in line with the country’s strategy to achieve people’s happiness, enhance the satisfaction levels of the Ministry’s employees, and develop services to ...

DUBAI / Emirates Business The Dubai Health Authority (DHA) marked International Happiness Day on Sunday by organising a series of activities and programmes at the Authority’s Family Gathering Centre. The centre is the only dedicated centre in the emirate that provides both in-patient as well as outpatient services for the elderly. His Excellency Humaid Al Qatami, Chairman of the Board ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved the Executive Council Resolution No. (6) for the year 2016, regulating carpooling in Dubai, as part of the Roads and Transport Authority’s (RTA) plan to develop transportation sector in the Emirate. The Resolution also aims to ...

DUBAI / WAM Decision-makers, management consultants, safety and security personnel and representatives of relief and emergency preparedness institutions are gathering in Dubai for the 11th International Emergency and Catastrophe Management Conference and Exhibition (IECM) and the Dubai International Ambulance Conference (DIAC) which are taking place from March 21-23 at the Dubai International Convention and Exhibition Centre. Spreading across 4,500 square ...

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, has approved the final design of the UAE Memorial, which will be built in preparedness for the 2016 Commemoration (Martyr’s) Day. “The values of patriotism, loyalty and selflessness displayed by the sacrifice of the ...