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  Tokyo / AFP Japanese industrial production dived in May for the first time in three months, official data showed on Thursday, in a worrying sign for the already fragile economy. Factory output dropped 2.3 percent in May from a month earlier, much worse than the average 0.2 percent drop expected by economists, according to Bloomberg News. The weak figures come ...

  Bloomberg The U.S., Canada and Mexico put climate change at the center of efforts to deepen the North American alliance, pledging to cut greenhouse gas emissions from the oil and gas sector, boost the development of clean power and build new cross-border transmission lines. President Barack Obama, Canadian Prime Minister Justin Trudeau and Mexico President Enrique Pena Nieto completed ...

  Bloomberg Argentina unveiled the results of revised growth numbers for the past decade as the government of President Mauricio Macri seeks to restore investor confidence undermined by the previous administration. The data confirmed that the new president inherited an economy in recession. Gross domestic product shrank 0.7 percent in the first quarter from the last three months of 2015, ...

  Dubai / Emirates Business Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, announced on Wednesday via his official Twitter account that the Reading Nation Ramadan campaign has exceeded its set target of five million books to reach over 8.2 million books. The books will be distributed to unprivileged children and ...

  Sunaina Rana / Emirates Business Fluctuating oil prices have triggered diversification in the UAE market. However, the Economist Intelligence Unit (EIU) forecasts real GDP growth in the UAE to an average 3.6 percent per annum between 2015 and 2019, marking a decline from the 4.6 percent growth experienced in 2014. The Deloitte’s ‘Real Estate Middle East’ report predicts that ...

  Brussels / AFP European leaders met on Wednesday without Britain for the first time in 40 years to prepare for life after the Brexit bombshell, as the race began to succeed Prime Minister David Cameron. Highlighting the seismic shock from last week’s referendum, one person who was in Brussels however was Scottish First Minister Nicola Sturgeon, “utterly determined” to ...

  Abu Dhabi / Emirates Business UAE’s leading financial institution, Mashreq is in partnership with Arady Properties, an experienced Real Estate company set to launch the UAE’s first Qualified Investor Real Estate Fund which will be registered in the DIFC. The Sharia’h Compliant fund’s strategy will be the acquisition of select, income generating, diversified assets across the GCC with a ...

  Istanbul / AFP Turkey on Wednesday pointed the finger of blame at IS extremists after a triple suicide bombing and gun attack at Istanbul’s main international airport killed at least 41 people, including foreigners. Witnesses described scenes of terror and panic on Tuesday evening as the attackers opened fire and then blew themselves up at the entrance to the ...

  Phnom Penh / AFP Prime Minister Hun Sen, accused of intensifying a crackdown on dissent before Cambodia’s 2018 election, threatened on Wednesday to jail an opposition leader who has refused to come forward over an alleged sex scandal. Political tensions have risen in recent months, with rights groups accusing Hun Sen’s government of arresting scores of critics and tying ...

  Bloomberg Canada will end restrictions on Mexican travelers while its North American partner opens its market further to Canadian beef. Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto made the announcement during a state visit on Tuesday in Ottawa, ahead of the Three Amigos summit on Wednesday that includes U.S. President Barack Obama. Canada will lift its ...