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  Jakarta / Bloomberg China must turn off the taps of credit-driven growth to avoid a financial system crisis in the face of rising bad loans and other risks, the Communist Party’s official mouthpiece newspaper said on Monday, citing an unnamed “authoritative” source. The prominent article, in question-and-answer format, started on the front of the broadsheet paper and took up ...

  BRUSSELS / AFP Eurozone finance ministers on Monday tackled crucial talks on unlocking vital cash and debt relief for Greece just hours after Greek lawmakers adopted unpopular reforms demanded as part of the country’s bailout. The 19 ministers, meeting in Brussels, are aiming to finally sign off on the long-delayed first review of Greece’s massive EU-IMF bailout — the ...

  Bloomberg Presumptive Republican presidential nominee Donald Trump said his chief economic concern is giving the middle class a sizable tax cut, while other proposals, including lowering taxes on businesses and the wealthy, were starting points for negotiation. “I have to negotiate now with senators and congressmen,” Trump said during an interview that aired on Sunday on NBC’s “Meet the ...

  Madagascar / AFP The sweet flavours of vanilla are taking on a bitter edge for buyers in Madagascar as prices have almost quadrupled but quality has declined, with experts blaming speculation, money laundering and a poor harvest. Madagascar, producer of 80 percent of the world’s vanilla, has seen the spice’s price jump from about $60 per kilogramme (2.2 pounds) in ...

  ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister of UAE and Ruler of Dubai, launched a national campaign entitled: ‘Cohesive Family 2021’, to strengthen family ties and endorse the family’s core role in preserving the identity and culture of society. His Highness Sheikh Mohammed bin ...

  ABU DHABI / WAM Three new UAE Ambassadors to friendly countries have been sworn in before Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. Those who took the oath of office were UAE Ambassadors-designate Mohammed Omar Abdullah Belfaqeeh, to the Republic of Singapore, Juma Mohammed Abdullah Al Ka’abi, to the ...

  Male / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, on Sunday met the Foreign Minister of the Republic of Maldives, Dunya Maumoon. During the meeting, they discussed issues of mutual interest and ways to enhance cooperation and bilateral relations which would contribute to achieving the joint interests of the two countries. Sheikh ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) received a delegation from engineering firm ASEA Brown Boveri (ABB). The delegation included Claudio Facchin, President of the Power Grids division and Member of the Group Executive Committee, Noaman Amjad, Group Senior Vice President, Global Head of Marketing and Sales and Global Head ...

  Hanoi / AFP Vietnamese police detained scores of people on Sunday as they broke up a protest against a Taiwanese company accused of being behind a toxic leak that has caused mass fish deaths off the central coast. The protest in Hanoi, which follows a similar demonstration last weekend, was swiftly dispersed by authorities on Sunday morning, an AFP ...

  Athens / AFP   Thousands of protesters took to the streets of Athens on Sunday as Greece’s parliament prepared to vote on a controversial tax and pensions overhaul which has sparked mass opposition. Police said almost 15,000 people turned out to march in Athens and the second city of Thessaloniki against the measures demanded by the EU and IMF ...