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Airbus, Boeing see politics makes biz sense in China

BEIJING / Bloomberg China’s political leaders identified aerospace as one of 10 key industries in the country’s quest to become an advanced industrialised nation. Ahead of this weekend’s annual legislative session, Western planemakers — their future competitors — are helping them toward that goal. Airbus Group SE will break ground on Wednesday on a finishing center for its wide-body A330 ...

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Mohammed Oks AED7bn infra projects in East Coast

FUJAIRAH / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, approved on Monday projects for the Ministry of Infrastructure Development, worth AED7 billion, during a field visit to the East Coast. The projects include approvals for housing aid, the building of new residential complexes, roads, schools, health centres ...

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Maktoum chairs Dubai Executive Council meeting

DUBAI / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Chairman of the Dubai Executive Council, on Monday morning chaired the council’s meeting held at its headquarters in the Emirates Towers to discuss a number of projects and topics on the agenda. The meeting comes within the framework of the executive council’s ...

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Scottish leader making case in London to stay in EU zone

LONDON / Bloomberg Scottish First Minister Nicola Sturgeon is urging all of Britain to vote to stay in the European Union in June’s referendum as proponents of quitting the bloc argue that the U.K. would be better off economically if it breaks away. Sturgeon made her case in a speech Monday morning in London. The Scottish National Party leader told ...

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LatAm’s intervention flop shows markets always win out

BLOOMBERG Latin America’s policy makers are finding out they can’t fight the market. Colombia saw its peso rise last Monday after announcing a mix of currency, fiscal, and monetary measures, only for it to succumb to an emerging-market selloff later in the week. Argentina’s dollar sales failed to stop the peso falling every other day last week, and investors say ...

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Clinton allies gather ammo to blunt Trump nomination

Columbia / AP Hillary Clinton, fresh off her South Carolina primary landslide, is shifting her focus to Republican front-runner Donald Trump as her party seeks consensus on the best ways to challenge the billionaire’s unpredictable nature in a general election campaign. As Clinton nears the 11 state contests to be decided on Super Tuesday this week, allies of the former ...

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UN eyes Syria aid deliveries as ceasefire enters day three

Damascus / AFP The United Nations prepared to deliver aid to thousands of besieged civilians in Syria on Monday as a fragile ceasefire entered its third day largely intact despite accusations of violations. UN humanitarian coordinator Yacoub El Hillo said the world body hoped to take advantage of the first major truce in five years of conflict to distribute supplies ...

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Thousands protest in Pakistan as governor’s killer hanged

Rawalpindi / AFP Thousands protested in Pakistani cities on Monday against the execution of a man hailed by hardlines as a hero for killing a provincial governor who was seeking reform of the blasphemy law. Protests against the hanging of Mumtaz Qadri were held in Karachi, Lahore, Islamabad and several smaller cities, with demonstrators burning tyres and chanting slogans. But ...

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Ajman commercial consumer complaints come down

ALKESH SHARMA / Emirates Business Sustainable efforts of Ajman Emirate to sensitise merchants and end-consumers on their accountabilities and privileges have yielded positive outcomes. The field visits, exhibitions and educational events, have reflected fruitfully in the latest statistics issued by the Commercial Control and Consumer Protection Division (CCCPD) of the Ajman’s Department of Economic Development (DED). Thanks to its initiatives, ...

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Petrobras gets $10bn Chinese loan in oil deal

Bloomberg Petroleo Brasileiro SA secured a $10 billion loan from the China Development Bank as the beleaguered state-owned oil producer endures the worst crude market in a generation and faces more than double that amount in maturities over the next two years. The lifeline is part of a deal to supply crude to the Asian country, Rio de Janeiro-based Petrobras ...

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