Bloomberg The pace of German inflation more than doubled in December, driven by a surge in oil that is set to mask continued weakness in underlying price pressures in the months ahead. Consumer prices rose 1.7 percent from a year ago, recording the biggest jump on record, the Federal Statistics Office in Wiesbaden said on Tuesday. Economists surveyed by …
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Bloomberg UK manufacturing grew at the fastest pace in 2 and a 1/2 years in December, helped by the pound’s deprec- iation since the vote to leave the European Union. After dipping sharply in the wake of the Brexit referendum — dropping below the key 50 level in July — the IHS Markit Purchasing Managers Index has since …
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Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, announced the development of Dubai Harbour, a unique new waterfront destination that will feature the Middle East and North Africa (MENA) region’s largest marina. His Highness Sheikh Mohammed bin Rashid made the announcement in the presence of HH …
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Abu Dhabi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces on Monday received a delegation of the Abu Dhabi Urban Planning Council (UPC) at his Al Bahr Palace majlis, Abu Dhabi. Sheikh Mohamed stressed the importance of setting up a comprehensive and integrated plans …
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SACRAMENTO / AP As California lawmakers return to Sacramento on Wednesday, liberal dreams of expanding safety-net benefits and providing health coverage to immigrants are giving way to a new vision revolving around a feverish push to protect gains racked up in the past. After years of pushing forward a progressive agenda, legislative Democrats will be pushing back against conservative …
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Abu Dhabi / Emirates Business HE Engineer Sultan bin Saeed Al Mansouri, Minister of Economy, recently met Tatarstan President Rustam Minnikhanov to discuss ways to reinforce their bilateral economic and trade relations and opportunities for mutually beneficial investments. The meeting, which was held at Burj Al Arab Hotel in Dubai, was attended by HE Abdullah bin Ahmed Al Saleh, …
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Abu Dhabi / Emirates Business The Abu Dhabi Food Festival (ADFF) 2016 has successfully concluded, having welcomed more than 29,000 visitors and food lovers from the region, contributing to positioning Abu Dhabi as a global culinary hub. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the food festival, which ran from December 5-23 across the emirate, …
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BAGHDAD /Â AP A suicide bomber blew up his explosives-laden vehicle on Monday in a bustling market area in Baghdad, killing at least 36 people, Iraqi officials said, hours after the arrival of French President Francois Hollande to the country and amid a fierce fight against the IS group. The bomber driving a pickup truck attacked an outdoor fruit and …
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Bloomberg Hyundai Motor Co. and Kia Motors Corp., South Korea’s largest automakers, forecast sales to climb 4.7 percent this year as they count on new model introductions to counter intensifying competition amid global uncertainties. Hyundai and Kia are targeting to deliver a combined 8.25 million vehicles in 2017 from 7.88 million units a year earlier, according to regulatory filings. …
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Beijing / AP Beijing and other cities across northern and central China were shrouded in thick smog, prompting authorities to delay dozens of flights and close highways. The Beijing Municipal Environmental Protection Bureau extended an “orange alert†for heavy air pollution for three more days. Beijing’s smog had initially been forecast to lift by Monday. The “orange alert†is …
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