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  Bloomberg US and Brazilian authorities are set to impose $2.5 billion in foreign-corruption penalties on Odebrecht SA, Latin America’s biggest construction company, and an affiliate for violating anti-bribery laws, people familiar with the discussions said. Prosecutors say Odebrecht and the affiliate, Braskem SA, paid officials at Petroleo Brasileiro SA, the state-run oil producer known as Petrobras, to win contracts. ...

  Washington / AFP The USA unemployment rate in November fell to its lowest level since August 2007 as the economy continued to add new jobs, all but guaranteeing an interest rate hike this month. The jobless rate fell an unusually large three-tenths to a surprising 4.6 percent, the Labor Department reported. A solid 178,000 net new positions were created, ...

  Beijing / AFP China protested to Washington on Saturday after US President-elect Donald Trump broke with decades of foreign policy and spoke with the president of Taiwan. It was not immediately clear whether Trump’s telephone call with Tsai Ing-wen marked a deliberate pivot away from Washington’s official “One China” stance, but it fuelled fears he is improvising on international ...

  Bloomberg The $1.5 billion privatizations of two of China’s biggest solar companies have been thrown into doubt because of concerns they may run afoul of a government effort to keep more of the nation’s money supply at home. Trina Solar Ltd. and JA Solar Holdings Co., whose chief executives have separately proposed buying back the shares they listed in ...

  Bloomberg The boardroom battles at the $100-billion Tata Group business empire have escalated into a Twitter war of the kind corporate India has never seen. Thousands of tweets with hashtags such as #WadiaTruthsTataLies, #CyrusMistryforGovernance and #RaTantrum are trending, steered by supporters of deposed chairman Cyrus Mistry. On the other side are #TataForIndia and #Support4Tata, maneuvered by the supporters of ...

  Seoul/ AFP Hundreds of thousands of protestors marched in Seoul for the sixth-straight week on Saturday to demand the ouster and arrest of scandal-hit President Park Geun-Hye ahead of an impeachment vote in parliament. Organisers claimed a turnout of more than one million for the candlelight rally in the South Korean capital, while police put the number at just ...

  Abu Dhabi / WAM The government is confidently progressing to deliver indicators of the National Agenda leading to the UAE Vision 2021 which seeks to develop and improve conditions in areas of justice, security, economy, environment, living standards, housing, education, health and infrastructure, His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, has declared. “The ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, said that celebrating National Day is a chance to evaluate the country’s achievements and performance during the past year, as every year is a leap in the journey of the UAE’s great union. His Highness Sheikh Mohammed added that securing ...

  Abu Dhabi / Emirates Business DarkMatter, an international cyber security firm headquartered in the UAE, announces its participation at the forthcoming World Islamic Banking Conference (WIBC) 2016, taking place between December 5-7, at the ART Rotana Hotel, Amwaj Islands, Manama, Bahrain. DarkMatter is the Cyber Security Innovation Partner to the event. Celebrating its 23rd year of existence, the conference ...

  New York / AFP More than 350 US universities are urging President-elect Donald Trump to change his mind and keep a program that lets hundreds of thousands of undocumented young people study and avoid deportation. Nicknamed “Dreamers,” they are the estimated 1.2 million young people who were brought to the United States illegally as children, grew up without US residency ...