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  Ritika Sharma / Sunaina Rana EMIRATES BUSINESS The 11th annual edition of two-day ‘Middle East Retail Banking Forum and Expo’ kicked off on a high note in Dubai on Monday. Over 200 delegates from across the region are attending this high-profile event to hear what more than 30 experts in the field have to say about latest trends ushering ...

  Tokyo / Bloomberg The death toll from earthquakes that struck southern Japan rose to 42 and the economic impact began to reverberate on Monday as companies surveyed damage and the potential effects on production from supply-chain disruptions. The Topix index slumped 3 percent to 1,320.15 at the close in Tokyo, with all but one of its 33 industry groups ...

  Bloomberg Chancellor of the Exchequer George Osborne outlined the bleakest scenario yet if the U.K. votes to leave the European Union, saying that Britain’s economy would suffer permanent damage hitting the public in the pocket. Quitting the 28-nation EU would leave the U.K. economy 6 percent smaller by 2030, according to a Treasury analysis released on Monday. The forecast ...

  Bloomberg If Mario Draghi brought a souvenir back from his trip to Washington, it might just be an olive branch. As the European Central Bank prepares for a policy decision this week, its president will return to his desk armed with an endorsement of stimulus by the International Monetary Fund, and an apparent truce with one of his most ...

  Bloomberg Dilma Rousseff’s presidency is hanging by a thread after Brazil’s lower house of Congress voted in favor of her impeachment, a decision that’s likely to cheer investors just as it threatens to bring down the curtain on 13 years of leftist rule. The opposition garnered 367 votes, 25 more than the two-thirds majority it needed to send the ...

Baghdad / AFP US Secretary of Defence Ashton Carter visited Baghdad on Monday for talks on stepping up the fight against the IS group in Iraq, where the US has deployed troops to fight the extremists. Carter’s visit comes after a week of political turmoil that has been a setback for Prime Minister Haider Al Abadi, and the US defence ...

Beirut / AFP Key Syrian rebel groups vowed on Monday to strike back against alleged regime ceasefire violations, casting doubt on the future of fragile peace talks due to resume in Geneva. A truce agreed in February dramatically curtailed violence across much of Syria, but fighting has surged in recent days around second city Aleppo, causing tens of thousands to ...

  Ecuador / AFP Rescuers in Ecuador raced to dig out people trapped under the rubble of homes and businesses on Sunday, following a powerful 7.8-magnitude earthquake that killed at least 233. Vice President Jorge Glas called it the “worst seismic movement we have faced in decades.” President Rafael Correa said on Twitter that the death toll Sunday had risen ...

  Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, endorsed the launch of the Industrial Coordination Council to boost the industrial sector in the country. The Industrial Coordination Council will be tasked with developing a national strategy to boost the industry ...

  ABU DHABI / WAM A delegation representing Abu Dhabi’s tourism industry is heading to Germany to participate in IMEX Frankfurt 2016, the award-winning trade show that promotes innovation in the Meetings Incentives Conferences and Exhibitions (MICE) sector. The show, which runs from April 29-21, is expected to draw thousands of exhibitors and key decision-makers from around the world to ...