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  Bloomberg India, the world’s third-largest emitter of greenhouse gases, is aiming to extend its lighting efficiency program with the help of the World Bank to seven other Asian nations and to the UK while also applying it to other technologies at home. Initial agreements have been signed with the governments of Bangladesh and Sri Lanka, while discussions are underway ...

  Bloomberg China’s crackdown on illegal steel mills, which has sent prices to two-year highs, would target about 6 percent of output in the nation’s biggest steel-making city of Tangshan, according to consultancy Mysteel Research. Tangshan’s total output of about 100 million metric tons — around an eighth of the nation’s supply — includes about 6 million tons of steel ...

  Bloomberg Starbucks Corp. wants to persuade its coffee-loving customers to come back for lunch, after stumbling several times in previous attempts to expand its food offerings. The beverage chain is seeking to boost the food category to about 25 percent of total US sales, compared with 20 percent now, said Chief Operating Officer Kevin Johnson, who will take the ...

Bloomberg SunPower Corp. is following through with a planned restructuring effort that will reduce its workforce by 25 percent to cut costs after solar prices plunged in an oversupplied market. The second-biggest US panel-maker will cut 2,500 employees to reduce operating expenses next year to less than $350 million, San Jose, California-based company said in a statement. It’s closing a ...

  Bloomberg US health insurers signaled that they’re willing to give up a cornerstone provision of Obamacare that requires all Americans to have insurance, replacing it with a different set of incentives less loathed by Republicans who have promised to repeal the law. Known as the “individual mandate,” the rule was a major priority for the insurance industry when the ...

  Aleppo / AFP President Bashar al-Assad said victory for his forces in Aleppo would be a “huge step” in ending Syria’s war, as government troops battled on Thursday to retake more rebel ground. Despite pleas from increasingly cornered opposition fighters, Western countries and the United Nations, Assad also rejected talk of a ceasefire in Aleppo. Repeated diplomatic efforts this week ...

  MANAMA / WAM The Gulf Cooperation Council (GCC) member states and the United Kingdom have agreed to launch the GCC-UK Strategic Partnership to foster closer relations in all fields, including political, defence, security, and trade. This was announced on Wednesday, following the first GCC-UK Summit in Manama, which was presided over by His Majesty King Hamad bin Isa Al Khalifa, ...

  Abu Dhabi / WAM The 2017 edition of Abu Dhabi Sustainability Week (ADSW) is on track to be the most important in the event’s history for driving commercially focused action, said industry leaders at a press event on Wednesday. Hosted by Masdar, the forthcoming ADSW theme is ‘Practical Steps Towards a Sustainable Future’. The week’s anchor event, the World Future ...

  Dubai / Emirates Business Dubai Wholesale City, a global integrated wholesale trading hub and member of TECOM Group, has signed a Memorandum of Understanding (MoU) with The China Commodity City (CCC) Group, the world’s largest exporter of goods, in China’s Zhejiang Province. Aiming to build a long-term strategic relationship between the two parties and leverage possible future collaborations between ...

  Abu Dhabi / WAM Etihad Museum will open its doors to the general public from January 7, 2017, the Dubai Culture and Arts Authority (Dubai Culture) has announced. This follows the recent official inauguration of the museum on December 2, on the eve of UAE’s 45th National Day in the presence of Vice President, Prime Minister and Ruler of Dubai, ...