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Japan’s consumer prices dip extending longest streak since 2011

  Bloomberg Japan’s consumer prices fell for an eighth straight month — the longest streak of declines since 2009-2011, underlining how distant the nation is from achieving its 2 percent inflat- ion target. Consumer prices excluding fresh food, the Bank of Japan’s primary gauge of inflation, dropped 0.4 percent in October from a year earlier (forecast -0.4 percent.). Overall consumer ...

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Sticker shock for US Granola lovers

  Bloomberg Granola and oatmeal lovers in the US may need to prepare for some sticker shock. Oat production in Canada, the world’s biggest exporter, is set to plunge after rain and snow delayed harvests across the Prairie Provinces. Because the crop spent too much time in wet fields, grain quality declined, which means more will end up as livestock ...

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Swiss to vote on exit from N-energy today

  Geneva / AP Like other countries after the 2011 Fukushima disaster, Switzerland pledged to abandon nuclear power in coming years. But anti-nuclear advocacy groups say the Swiss government’s timetable isn’t fast enough, and have pushed for a referendum this weekend that would hasten the planned exit. Swiss voters cast ballots on an initiative championed by environmentalists and nuclear foes ...

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No ‘indication’ US will quit body under Trump, says WTO chief

  Geneva / AFP The head of the World Trade Organization said on Thursday he had received no indication the United States would move to leave the WTO under Donald Trump’s administration. “I haven’t had any indication from anybody that that could be the case,” WTO chief Roberto Azevedo told reporters. During his campaign, in which he repeatedly attacked global ...

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German economy ‘unfazed’ by Trump win

  Berlin / AFP The German economy has shrugged off the shock election of Donald Trump as US president, with business confidence holding at a two-year high and consumption expected to rise in December. “The economic upturn in Germany remains intact. The German economy seems to be unfazed by the election of Donald Trump as US President,” said the Munich-based ...

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Dubai to host natural and organic products expo

  Dubai / Emirates Business A revamped 14th edition of the region’s only natural and organic products show, MENOPE 2016, under the patronage of the UAE Ministry of Climate Change and Environment will run from November 29 to December 1 at the Dubai International Convention and Exhibition Centre (DICEC) with a participation of over 140 companies from 27 countries including ...

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Dubai airport records 6.4 million passenger traffic in October

  Dubai / WAM Dubai International Airport (DXB) welcomed 6.4 million passengers in October, according to the monthly traffic report issued today by operator, Dubai Airports. Passenger traffic at DXB reached 6,420,208 passengers compared to 6,250,810 in the corresponding month last year, an increase of 2.7 percent. The year to date traffic totalled 69,366,094, up 6.8 percent compared to 64,947,684 during ...

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Etihad aviation launches Fikra

  Abu Dhabi / Emirates Business As part of the UAE’s Innovation Week, Etihad Aviation Group (EAG) launched Fikra, a UAE-based competition aimed at fostering entrepreneurship and innovation across the country. Fikra means ‘idea’ in Arabic and the competition aims to encourage students to deliver solutions to some of the major challenges facing the aviation industry in today’s ever-competitive environment. ...

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Innovation has become established govt, social culture in UAE: Al Tayer

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) organised the 6th Creativity and Innovation Conference as part of DEWA Innovation Week. This takes place in conjunction with the 2nd UAE Innovation Week, which is organised annually in adherence with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...

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Turkey, Russia forge uneasy alliance year after crisis

  Istanbul / AFP One year after the crisis that plunged relations between Russia and Turkey to a post-Cold War low, Vladimir Putin and Recep Tayyip Erdogan have overseen a spectacular revival in ties at a time when both are facing new tensions with the West. The shooting down of a Russian military jet over the Syrian border by the ...

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