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  Bloomberg Indonesia is widening its tax net to target global technology giants like Google and Facebook Inc., a strategy that’s raising red flags for fear it may deter foreign investment. Finance Minister Sri Mulyani Indrawati is seeking to squeeze more revenue out of an economy that’s been hit by weak commodity prices and subdued demand from China, Indonesia’s biggest ...

  Bloomberg China’s biggest state-owned companies will see “dramatic changes” in the next few years as they may downsize and become more efficient, according to the former chairman of two of the country’s biggest producers. Chinese oil companies have “tremendous room” to improve efficiency and will be “suffering for the next few years” amid the oil crash that’s pushed prices ...

  Bloomberg Prime Minister Narendra Modi’s administration sought to refute concerns that the clampdown on cash would strip India of its status as the world’s fastest-growing big economy. Gross domestic product, which grew a slower-than-estimated 7.3 percent in July to September, will slump to 6.5 percent over the next quarter, according to the median estimate in a Bloomberg survey of ...

  Bloomberg The US shale industry, gutted by 2 1/2 years of bankruptcies, writedowns, credit downgrades and layoffs, is poised to step back from the brink, thanks to an old enemy: OPEC. Abandoning a policy that sought to starve shale explorers and other high-cost drillers into submission, the Organization of Petroleum Exporting Countries relented on Wednesday and agreed to curb ...

  Bloomberg Canada’s economy just posted its best quarterly growth in two years. Third-quarter growth of 3.5 percent (at a seasonally adjusted annualized rate) topped the consensus estimate by one tick, and in doing so helped vindicate Bank of Canada Governor Stephen Poloz and his vision for the future of the Canadian economy, which continues to grapple with the impact ...

  Aleppo / AFP Hundreds of elite Syrian troops moved into east Aleppo on Thursday ahead of a push into the most densely populated areas, after the UN warned the city risked becoming a “giant graveyard”. Despite fierce global criticism, forces loyal to President Bashar Al-Assad have pressed an assault to retake control of all of Aleppo, once Syria’s commercial ...

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Their Highnesses the Supreme Council Members, on Wednesday, attended the UAE Commemoration Day ...

  Umm Al Qaiwain / WAM The sacrifices of the martyrs of the UAE Armed Forces embody loyalty and allegiance to the leadership and the nation founded by the late Sheikh Zayed bin Sultan Al Nahyan, said HH Sheikh Saud bin Rashid Al Mualla, Supreme Council Member and Ruler of Umm al-Qaiwain, at the inauguration of the martyrs’ memorial monument at ...

  Abu Dhabi / Emirates Business Joining the nation in remembering the sacrifices of the UAE’s fallen heroes, ADNOC Distribution’s management and employees observed Commemoration Day with a minute of silence at 11.30am. To mark the occasion, the company honoured its employees who have martyrs among their family members, acknowledging their vital role in contributing to national unity. Saeed Mubarak ...

  Aleppo / AFP More than 50,000 Syrians have joined a growing exodus of terrified civilians from east Aleppo, a monitor said on Wednesday, as the UN Security Council was set for emergency talks on fighting in the city. As government forces pressed an assault in the divided city, regime artillery fire killed at least 21 civilians in east Aleppo ...