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  Beijing / Bloomberg China’s second- and sixth-largest steelmakers by output have entered restructuring talks, which analysts say could presage a merger that would create the nation’s biggest mill, and a company with the scale to rival the likes of ArcelorMittal SA. Trading was suspended in the listed units of state-run Shanghai Baosteel Group Corp. and Wuhan Iron & Steel ...

  New Delhi / Tribune News Service Asean countries will propose to the 16 member states of the Regional Comprehensive Economic Partnership (RCEP) to eliminate tariffs on 92 percent of trade in goods to promote economic integration of the grouping soon. Sirinart Chaimun, director-general to the Trade Negotiations Department, said although Asean countries wanted the agreement to be finalised by ...

  Bloomberg Caretaker Prime Minister Mariano Rajoy consolidated his position in Spain’s general election as voters backed away from insurgent political forces in favor of the relative security of the People’s Party. The outcome of Sunday’s voting confounded exit polls and suggested the electorate had shied away from the anti-establishment party Podemos at the last minute. With the U.K. engulfed ...

  Sanobar Sabah / Special to Emirates Business Shrinking employment opportunities across various sectors in the UAE are triggering greater interest in entrepreneurship, say experts and local entrepreneurs. This appears to be the case among nationals as well as expatriates. “People are inspired by the success of startups with disruptive business models, and by internet-powered businesses which have managed to ...

  Ottawa, Canada / AFP Canada, Mexico and the United States will look to dovetail their climate and other policies into a continental strategy when Prime Minister Justin Trudeau hosts Barack Obama and Enrique Pena Nieto on Wednesday. But Britain’s shocking vote to quit the European Union has also abruptly shoved itself onto the agenda of the summit, which the countries ...

  AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI) organised the 4th edition of its annual Ramadan Diplomatic Forum aimed at enhancing economic cooperation and trade exchange. A number of ambassadors, consuls-general and representatives of business offices from different Arab and other countries attended the forum held at the Asateer Tent, Atlantis The Palm, in Dubai. Mohammed ...

  BAGHDAD / AP A senior Iraqi commander declared that the city of Fallujah was “fully liberated” from IS group militants on Sunday, after a more than monthlong military operation. Iraqi troops have entered the northwestern Al Julan neighborhood, the last area of Fallujah to remain under IS control, the head of the counterterrorism forces in the operation, Lt. Gen. Abdul-Wahab ...

  Emirates Business Increased internet penetration in the Arab World has led to a jump in the GCC region’s online ad spending for this year with internet ads in the GCC set to grow 20 per cent in 2017, according to a market research report recently launched by Orient Planet Research, an Orient Planet Group venture. The report, entitled, ‘GCC ...

  Bloomberg TransCanada Corp. is seeking to recoup $15 billion for the Obama administration’s rejection of the Keystone XL oil pipeline, in a legal claim that highlights how foreign companies can use trade deals to challenge U.S. policy. The Calgary-based pipeline operator filed papers late Friday seeking arbitration under the North American Free Trade Agreement, arguing that TransCanada had every ...

  CLENDENIN / AP Offering his condolences, President Barack Obama approved federal aid for the West Virginia communities devastated by floods that have killed at least 24 people and rendered many more homeless. Obama’s signature on the federal disaster declaration lets residents in three counties get aid for temporary housing and home repairs, receive low-cost loans to cover uninsured property ...