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Bloomberg US President Donald Trump and Russian President Vladimir Putin agreed to impose a new cease-fire in southwest Syria in a bid towards resolving that nation’s intractable civil war, trying again to cooperate in an area where the two countries have repeatedly failed. Speaking after Trump and Putin met at the Group of 20 summit in Hamburg, Germany, Secretary of ...

Bloomberg Australia wants more from its $68 billion investment in new ships and submarines than just a more capable navy. With final bids due this month on a A$35 billion ($27 billion) contract for nine anti-submarine frigates, Defence Industry Minister Christopher Pyne said Australia is seeking a bigger role in naval shipbuilding. “From an industrial point of view, it’s a ...

Bloomberg China’s bond investors are being given the chance to ratchet up leverage once again, but they may not want to. Months of scarcity have given way to a mysterious rush of liquidity in China’s financial system, with money-market rates back near levels seen in April. The market has responded accordingly, with bonds rallying in the last two weeks of ...

Bloomberg Japan’s economy is running the hottest relative to capacity since the global financial crisis. More than four years after the Bank of Japan launched its radical monetary easing, key conditions are aligning in its long battle to truly escape from deflation. The latest reading of the nation’s output gap is another milestone on the journey to that escape, economists ...

Bloomberg World leaders reached a compromise on trade at the Group of 20 summit as officials agreed to fight protectionism while tacitly recognizing US President Donald Trump’s concerns about excess steel capacity and what he says are unfair trade practices. Hours after the agreement was struck early on Saturday, the final statement nonetheless left the U.S. isolated on climate change, ...

Bloomberg The Trump administration is considering easing steeper fines proposed by Obama-era regulators for automakers that don’t meet tougher fuel economy standards, a move that would give a break largely to luxury brands like Jaguar, BMW and Porsche that have paid the highest penalties in the past. The National Highway Traffic Safety Administration said in a regulatory filing it will ...

CAIRO / Reuters Foreign ministers from the four Arab states leading the boycott of Qatar expressed disappointment on Wednesday with the tiny Gulf nation’s “negative” response to their demands, but did not announce new sanctions against Doha. “The response the four states got was overall negative and lacked any content. We find it did not provide a basis for Qatar ...

Dubai / Emirates Business A UAE delegation headed by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment (MOCCAE), is taking part in the FAO Conference 40th Session, attended by His Excellency Saqer Nasser Al Raisi, UAE Ambassador to Italy and the Permanent Representative to the United Nations’ Agencies in Rome. The 40th Session of ...

Dubai / Emirates Business JLL, the world’s leading real estate investment and advisory firm, on Wednesday released its Q2 2017 Dubai Real Estate Market Overview report which assesses the latest trends in the office, residential, retail and hotel sectors. The retail sector continues to evolve and adjust in the light of the fast pace of technological advancements, with retail brands ...

Dubai / Emirates Business The Mohammed bin Rashid School of Government (MBRSG), the research and education institution specializing in public policy in the Arab world, has launched its academic book UAE Public Policy Perspectives at a gala dinner at the International Business Academy Conference, held between July 1-5, with the participation of 1,040 researchers and academics representing 76 countries. UAE ...