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  Washington / AFP The World Bank is indirectly financing a boom in some of Asia’s dirtiest coal-fired power generation despite commitments to end most funding for the sector, a development advocacy group charged on Monday. The power plants, which contribute to climate change and deforestation as well as premature deaths due to illness, are cropping up from Bangladesh to ...

  BLOOMBERG Coal India Ltd.’s output fell year-on-year for a second consecutive month in September, signaling demand from power plants, its biggest consumers, remains weak. Production at the world’s biggest miner of the fuel declined 5.2 percent from a year earlier to 35.24 million metric tons in September, while shipments fell 6.6 percent to 37.74 million tons, according to data ...

    Abu Dhabi / Emirates Business Emirates National Oil Company (ENOC) is set to showcase its smart and sustainable solutions; reflecting the Group’s strategy to drive innovation across all its business segments at the Water, Energy, Technology, and Environment Exhibition (WETEX 2016) to be held in Dubai on October 4-6. ENOC’s smart solutions underline the Group’s commitment to environmental ...

  DUBAI / Emirates Business Gargash Enterprises, the authorized general distributor of Mercedes-Benz in Dubai, Sharjah & Northern Emirates, reaffirms its social commitment yet again by introducing ‘Score for Charity’, a first-of-its-kind initiative in the region. In a unique collaboration with Al Ahli Football Club, Gargash Enterprises has announced a contribution of AED 1,000 for each goal scored by Al ...

  OTTAWA / WAM The UAE and Canada have restated their willingness to harness promising economic, trade, business and investment opportunities to raise their bilateral co-operation to new heights. The pledge for greater cooperation came at the conclusion of the first meeting of UAE-Canada Joint Economic Committee meetings, held in the Canadian capital, Ottawa. The two countries explored opportunities for ...

  Birmingham / AFP Prime Minister Theresa May said Britain would start the formal process for leaving the EU before April as her governing Conservative Party opened its annual conference on Sunday. Though many Conservatives headed to the congress in Birmingham, central England still jubilant about Britain’s June referendum vote to leave the European Union, the centre-right government has come ...

  Aleppo / AFP Syrian regime forces advanced on Sunday in Aleppo after Russia unleashed dozens of strikes, even as condemnation kept pouring in over the bombing of the main hospital in the city’s rebel-held east. The devastating five-year war in Syria has ravaged second city Aleppo, once the country’s economic hub but now torn apart between government troops and ...

  BUDAPEST / AFP Hungary’s populist strongman Viktor Orban was banking on voters on Sunday to defy the European Union and reject its troubled refugee quota plan, but low turnout threatened to taint his camp’s expected referendum win. Surveys showed the referendum turnout might not reach the required 50-percent threshold and therefore be deemed invalid. But Orban has already downplayed ...

  Bloomberg Australian steel and iron ore producer Arrium Ltd. may face costs of as much as A$40 million ($30.6 million) following storms that caused blackouts and forced BHP Billiton Ltd. to halt its Olympic Dam copper operation. Arrium’s steelworks in the south-coast town of Whyalla and the mining of iron ore to feed the mill have been halted since ...

  Bloomberg China’s official factory gauge steadied at the highest level in almost two years while services picked up, suggesting that the economy’s stabilization continued last month and reducing prospects for additional policy easing. The data add to evidence of improvement as government fiscal support and a soaring property market help underpin growth. Fresh signs of stability may lead policy ...