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Bloomberg As preparations for this week’s European summit enter their final stretch, France is leading resistance to UK demands for a deal to shield British banks from the rules governing lenders in the euro area. French negotiator Philippe Leglise-Costa pushed back against British Prime Minister David Cameron’s insistence on fencing off financial regulation for the City of London at a ...

Bloomberg The perpetrators of violent clashes in Hong Kong this week shattered its values in one night, the city’s financial secretary said, urging those involved to “turn their horses back from the cliff.” The “small group of people who lost rationality” marred the city’s interests and tarnished its image, and their actions are a departure from Hong Kong people’s respect ...

TAIPEI / AP Rescuers in Taiwan pulled out the remains of the final victims of last week’s earthquake and with a minute of silence ended the search with the death toll of 116, most of them in a collapsed high-rise apartment building. All but two of the dead came from the 17-story Weiguan Golden Dragon residential complex, which toppled when ...

Munich / AP A senior figure in the Syrian opposition movement on Sunday criticised the truce deal forged by the US and Russia, saying Moscow was continuing its onslaught on civilian areas. “We have gotten used to conferences and hope put into words but what we need is action, and the action I see is that Russia is killing Syrian ...

Athens / AFP An assessment of Greece’s attempts to reform its struggling economy is being held up by disagreements between the European Union and the IMF, Prime Minister Alexis Tsipras has said. “Negotiations on the reform plan have fallen behind, which is in nobody’s interest,” he said on Sunday, cited by the Avghi daily, close to Tspiras’ Syriza party. Greece ...

London / WAM The global oil price will hopefully retain its normal average, reaching USD 50 to 60 per barrel by mid-2017, Kuwait Petroleum International (KPI) President, Bakheet Al-Rashidi said on Saturday. In an exclusive statement to KUNA on the sideline of the annual KPI’s international marketing London bureau celebration, Al-Rashidi said that the current status quo of the global ...

Mumbai / afp Indian Prime Minister Narendra Modi renewed his call on Saturday for firms to invest in India and turn it into a global manufacturing hub, painting the country as a bright spot for investment in an uncertain world economy. The right-wing prime minister was addressing a gathering of industry leaders, CEOs and foreign dignitaries in the commercial capital ...

Istanbul / AFP Turkey and Saudi Arabia could launch a ground operation against IS extremists in Syria, the Turkish foreign minister said on Saturday, adding the kingdom was already sending jets to a Turkish base to attack the extremists. The coordinated plans by Riyadh and Ankara, who are pursuing an increasingly tight alliance, add a new element to the explosive ...

ALKESH SHARMA / EMIRATES BUSINESS Emirates’ Information and Technology industry is at an all-time high, courtesy the UAE government’s progressive policies and presence of world-class IT growth catalysts in the country. It expects a Compound Annual Growth Rate (CAGR) of nearly 3.6 percent over the period of2015-2019, suggests a Business Monitor International (BMI) Research report. According to the survey, the ...

Bloomberg Crude oil surged the most in seven years, rebounding from the lowest in more than a decade as equities rallied. Volatility jumped. Futures rose 12 percent in New York and 11 percent in London. U.S. stocks halted a five-day slide that dragged global equities into a bear market. Producers are ready to work together and won’t make cuts unless ...