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  Bloomberg Federal Reserve Chair Janet Yellen seems to be coming around to what her one-time rival, Lawrence Summers, has been arguing for a while: Some of the forces holding down interest rates may be long-lasting and secular. That’s reflected in a marked downgrade in rate projections released by policy makers after their meeting on Wednesday. Six of 17 now ...

  Bloomberg Mark Carney hit back against critics who accused him of supporting the U.K.’s membership in the European Union as a new poll showed the Leave campaign holding its lead ahead of next week’s referendum. The Bank of England has “a duty” to report its “evidence-based judgment” to parliament and the public, the institution’s governor wrote in a letter ...

  Bloomberg The world’s biggest natural gas exporter isn’t too concerned about a global glut that will probably last another five years. Gazprom PJSC is counting on falling European output to boost flows to a record and cement its 30 percent market share, Deputy Chief Executive Officer Alexander Medvedev, 60, said in an interview. After crude’s 35 percent slide last ...

  Fallujah / AFP The IS group battled Iraqi forces and held civilians hostage on Wednesday to defend its bastion of Fallujah, where three weeks of fighting has forced tens of thousands from their homes. Security forces have retaken significant parts of southern Fallujah over the past two weeks and are now attacking the extremists in the Jbeil neighbourhood, officers said. ...

  Norway / ap US Secretary of State John Kerry met his Iranian counterpart in Norway on Wednesday to once again discuss Iran’s complaints that it’s not getting the sanctions relief it deserves under last year’s landmark nuclear deal. Kerry also raised the importance of Iran using its influence with Syria’s government to ensure humanitarian aid deliveries and respect a ...

  Washington / AFP Hillary Clinton captured the mostly symbolic Democratic primary in the US capital, the final vote of the 2016 presidential primaries, as the race shifts to her showdown with Republican rival Donald Trump. Clinton won nearly 79 percent of the vote against 21 percent for Bernie Sanders, with nearly all votes counted, according to US networks. It ...

  Abu Dhabi / WAM The Mohammed Bin Rashid Centre for Government Innovation (MBRCGI) signed a Memorandum of Understanding (MoU) with Dubai Electricity and Water Authority (DEWA) to implement projects designed by a group of MBRCGI graduates under the Taqat energy project that employs solar energy and kinetic energy to generate electricity. The MoU, signed by Ohood bint Khalfan Al Roumi, ...

  Ritika Sharma / Emirates Business UAE has been on the forefront in finding solutions to environmental issues. Experts say that apart from creating a sustainable environment, various projects of agencies like IRENA and Masdar can significantly contribute economic benefits as well. Energy-efficient initiatives are capable of saving millions of AED, they vouch. Notably, UAE is right on the track ...

  Abu Dhabi / WAM The Tourism Development and Investment Company (TDIC) the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Wednesday that the process of removing the temporary sea protection walls, used during the main construction phase, and the integration of the sea with the Louvre Abu Dhabi museum project, has begun. This significant milestone ...

  Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, has revealed its innovative “smart mosque” research project that leverages advanced sensor technologies and customized mathematical algorithms to make mosques “smart” and significantly more energy-efficient. Masdar Institute has been working with the General Authority of ...