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  Mumbai / Bloomberg Jindal Steel & Power Ltd. will sell its 1,000-megawatt generator in central India to JSW Energy Ltd. as the company kicks off a restructuring plan to boost finances. Mumbai-based JSW will pay at least 40 billion rupees ($600 million), excluding net current assets, according to an exchange filing. Jindal Steel will be paid an additional 25 ...

Bloomberg Former U.K. Prime Minister Tony Blair said he believes British voters will “do the sensible thing” and vote to stay in the European Union in next month’s referendum. “If we were to leave, it would put a level of economic insecurity into the ordinary family household that I think most people would think is a foolish risk to take,” ...

  Bloomberg The U.S. may be the lone bright spot in an otherwise sluggish global economy as American consumers continue to buy expensive new vehicles at record levels. The U.S. industry sold 1.51 million cars and light trucks in April, according to researcher Autodata Corp. That broke an 11-year-old record, according to Edmunds.com. Sales skewed toward more expensive sport utility ...

  Astana / AFP US Secretary of State John Kerry warned Syria’s Bashar Al Assad of “repercussions” if his regime flouts a new truce under negotiation, as talks to halt the violence shifted to Berlin on Wednesday. Russia has said a new ceasefire to halt fighting in Aleppo could be imminent, with Syria’s divided northern city hit by a wave of ...

  Mukalla / AFP Ten days after Gulf-backed forces drove Al-Qaeda out of the Yemeni port city of Mukalla, the signs of their harsh year-long rule are still everywhere for relieved residents to see. Al-Qaeda in the Arabian Peninsula took advantage of the chaos of fighting between pro-government forces and Iran-backed rebels to expand its control in southern Yemen, seizing ...

  INDIANAPOLIS / AP Once dismissed as a fringe contender, businessman Donald Trump now is all but certain to lead the Republican Party into the fall presidential campaign against Democratic front-runner Hillary Clinton — a stunning political triumph for a first-time candidate whose appeal to frustrated voters was widely underestimated. Trump’s victory in Indiana on Tuesday and Ted Cruz’s abrupt ...

  Sunaina Rana / Emirates Business The UAE construction industry is currently moving up its growth ladder, thanks to buoyant infrastructure projects that are in the pipeline as part of the country’s Vision 2021. One of the ventures on the cards is Boulevard Point in Downtown Dubai. UAE-based construction firm Arabian Construction Company (ACC) has been awarded the contract to ...

  ALKESH SHARMA / Emirates Business Increasing attention on converged systems and cloud solutions has started taking a toll on the Middle East’s hardware market. As more enterprises and businesses in the region move towards cloud computing, hardware market registered a flat growth in 2015, according to a recently released data. In a new research report released by International Data ...

  Abu Dhabi / WAM His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has given directions to start the legislative procedure of drafting a UAE National Reading Law, which aims to ensure the sustainability of all government efforts to consolidate reading in the UAE for all ages, as well as identify the key responsibilities of government agencies ...

    DUBAI / EMIRATES BUSINESS His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and His Highness Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai International Marine Club, attended the 22nd Business Excellence Awards ceremony hosted by the Department of Economic Development (DED) in Dubai and honoured 42 winners of Dubai Quality ...