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Bloomberg UK Prime Minister Theresa May pledged a new right-to-buy program for social housing in an effort to boost home-building by local authorities and help alleviate a growing shortage of low-cost housing. Councils and housing associations will be offered government funding to build homes along with permitting help from the Homes and Communities Agency, the Conservatives said in a statement. ...

Bloomberg The world’s biggest container shipping company and Denmark’s largest issuer of corporate bonds may rely less on debt markets in the near future. A.P. Moller-Maersk A/S has ample liquidity and plans to cut capital expenditure, both of which reduce the need for new bond sales, according to Chief Financial Officer Jakob Stausholm. He also pointed to the century-old conglomerate’s ...

Abu Dhabi / WAM More than 40 counter and cyber terrorism experts, decision-makers, senior government officials and the United Nations Secretary-General’s representative will gather in Abu Dhabi on Monday for the International Conference on the Criminalisation of Cyber Terrorism, to find common ground for implementing a system of international laws and legislations that address the roots and extensions of the ...

Dubai / WAM Emirates will introduce a third daily service to Brisbane, Australia from December 1, complementing its existing two daily services. The direct service, to be operated on a B777-200LR aircraft with eight seats in First Class, 42 in Business Class and 216 in Economy Class, will increase capacity on the route by 3,724 seats a week, inbound and ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received on Saturday President Mauricio Macri of Argentina at Zabeel Palace. While welcoming the President of Argentina and his accompanying delegation, His Highness Sheikh Mohammed bin Rashid stressed that such mutual visits between officials of the UAE and Argentine ...

Beijing / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State met Zhang Yesui, Vice Minister of Foreign Affairs of the People’s Republic of China, in Beijing on Saturday. The meeting took place during Dr. Al Jaber ’s official visit to China to attend the Belt and Road Forum for International Cooperation, in Beijing. The ministers discussed the ...

Bloomberg India’s potential plan to sell only electric cars by the end of next decade would require nearly eight times the global stock of such vehicles, according to the International Energy Agency. The country would need to sell more than 10 million electric cars in 2030, compared with the almost 1.3 million on the road worldwide in 2015, the agency ...

Bloomberg The Hong Kong Monetary Authority tightened limits on bank loans to property developers, as it seeks to contain risks in the city’s booming real-estate market. From June 1, the caps for construction finance will be cut to 40 percent of site value and 80 percent of construction cost, with the overall limit reduced to 50 percent of the expected ...

Bloomberg An Indian environment ministry panel recommended to the government that it allow cultivation of a genetically-modified mustard variety, taking it closer to becoming the country’s first GM food crop for commercial production. The federal government will make a final decision in this regard, said Amita Prasad, an additional secretary with the environment ministry and chairman of the Genetic Engineering ...

Bloomberg At Area 15.1 of the sprawling Canton Fair in the southern Chinese city of Guangzhou, exhibitors from India, Pakistan and Turkey touted their wares to global buyers last week. Their presence at the gathering synonymous with China’s rise as the world’s manufacturing powerhouse illustrates the nation’s shift from sweatshops producing cheap jeans and towels toward branded goods with better ...