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Dutch liberals defeat Wilders’ party in blow to populists

  Bloomberg Dutch voters turned out in force to back pro-European parties and help Prime Minister Mark Rutte’s Liberals easily beat off an election challenge by the anti-Islam Freedom Party of Geert Wilders, drawing a line in the sand over the spread of populism. With votes counted in all but one of the country’s 388 municipalities, the Liberal Party had ...

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Indian steel mills reverse import woes with export

  Bloomberg India is set to become a net exporter of steel for the first time in four years, reversing a trend that saw domestic mills battling a flood of cheap imports, according to the Indian Steel Association. Shares of producers surged in Mumbai. “This is a very positive development and it would indicate that the Indian steel industry is ...

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Top Indonesia nickel miner seeks to export 6 million tonnes of ore

  Bloomberg PT Aneka Tambang, one of Indonesia’s biggest nickel producers, is seeking government approval to export 6 million metric tons of low-grade ore, two months after the nation relaxed its ban on shipments. The Jakarta-based company filed an application with the Energy and Mineral Resources Ministry this week to export the ore over a year, Senior Vice President Trenggono ...

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Trump demands auto jobs after ‘fuel economy relief’

  Bloomberg President Donald Trump is laying out an explicit quid pro quo for automakers: He’ll cut them a break on environmental standards and wants more hiring in return. “You need to come back and give us big numbers in terms of jobs,” Trump told the chief executive officers of General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles ...

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Toyota to upgrade UK carmaking plant as Brexit decision looms

  Bloomberg Toyota Motor Corp. plans to upgrade its UK carmaking plant in a sign that concerns about Brexit won’t derail its investments in the country for now. The world’s second-biggest auto manufacturer will spend 240 million pounds ($294 million) to update equipment and technology at a factory in Burnaston, England to allow the production of models on its latest ...

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82% people in UAE have a positive view of businesses

  ABU DHABI / WAM Residents of the United Arab Emirates have a resoundingly positive view of the country they live in and of the future, in stark contrast to views from other countries around the world. According to Brunswick Insight’s global research, an overwhelming sense of well-being and security, trust in the capacity of business for doing good, and ...

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Dubai to get Meydan One Mall by 2020

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, officially launched the groundbreaking of the new Meydan One Mall development. During an evening ceremony attended by VIP guests and regional and international retailers, His Highness Sheikh Mohammed led the delegation at the development site and broke ...

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Dubai tops Islamic economy enabling free zone cities

  DUBAI / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, on Wednesday announced the findings of the Free Zones Outlook Report, developed in collaboration with Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. The report, launched at a joint press conference ...

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Cash ban brings down India’s gold imports

  Bloomberg It seems the only way to stop Indians from buying more gold is to take their money away. Prime Minister Narendra Modi’s government spent 16 months trying to persuade Indians to deposit their jewelry in the bank to earn interest, in an effort to curb soaring imports of the precious metal. But the program has only lured a ...

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Sembcorp says India payment delays raising developer costs

  Bloomberg Sembcorp Industries Ltd. said recurring payment delays by Indian electricity retailers are piling on costs to operators and are bad for the renewable power business it wants to build. Payment delays risk “affecting development of the sector,” Sembcorp India Chief Executive Officer Vipul Tuli said in an interview in New Delhi. The local unit of the Singaporean conglomerate, ...

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