Uncategorized

  Shanghai / Bloomberg China’s near-term economic outlook is being buoyed by policy support even as its medium-term prospects become more uncertain because of rapidly rising credit, excess industrial capacity and financial sector risks, the International Monetary Fund said. Overall reforms have advanced impressively in areas from shifting to services as a greater driver of growth to liberalization of financial ...

  New Delhi / AFP Scientists from Britain and India will release underwater robots into the Bay of Bengal in a bid to more accurately predict the Indian monsoon critical to millions of farmers, they said on Tuesday. Researchers will also fly a plane packed with scientific equipment over the bay to measure the atmosphere as part of the multi-million ...

  ORLANDO / AP As thousands in Orlando turned out to mourn 49 people killed inside a nightclub, federal investigators examined possible motives for the gunman who committed the worst mass shooting in modern US history. The White House and the FBI said 29-year-old Omar Mateen, an American born Muslim, appears to be a “homegrown extremist” who had touted support ...

  Bloomberg Britain appeared to be on course to leave the EU, with four polls from three companies putting the ‘Leave’ campaign ahead of ‘Remain.’ The pound and European stocks plunged on Tuesday with just nine days of campaigning left before the June 23 referendum. After a series of new polls on Monday put “Leave” ahead, the day’s final blow ...

  Bloomberg Investors contemplating how London could look outside the European Union have already identified some potential victims: fast-growing British lenders that might have to face their first economic downturn as public companies. Billionaire Richard Branson’s Virgin Money Holdings UK Plc and small lenders like OneSavings Bank Plc have ridden the recovering economy of recent years to help them win ...

  Bloomberg The global oil market will be almost balanced next year as demand continues to rise faster than production, while the current oversupply is much smaller than previously thought, the International Energy Agency said. The surplus in the first half of this year is about 40 percent smaller than estimated a month ago, as consumption proves stronger than expected ...

  Dubai / Emirates Business The 15th edition of Cityscape Global is expected to attract a new wave of real estate investors from across the region, following the success of recent exhibitions in Turkey, Egypt, Abu Dhabi and Qatar. So far in 2016, the Cityscape portfolio of events has gathered more than 46,000 participants, and feedback from key stakeholders including ...

  ALKESH SHARMA / Emirates Business In the journey towards sustainable and greener society, every single step counts. Especially in a country like UAE that is clearly on a spree to have more number of its constructions under the coveted umbrella of ‘green buildings’ and is continuously making efforts to achieve at least 10 percent use of renewable energy in ...

  Dubai / Emirates Business The Emirates Nuclear Energy Corporation (ENEC) has announced contracts with UAE- based companies totaling more than US$ 3 billion (AED 11 billion) for the construction of the country’s first nuclear energy plant. More than 1,400 UAE-based companies have now been contracted for the delivery of products and services for the Barakah plant, currently under construction ...

  Geneva / AFP   The UN’s human rights chief voiced alarm on Monday at the increasing detention of migrants in Europe, including unaccompanied children, amid widespread anti-migrant rhetoric across the continent. As Europe faces its biggest migration crisis since the aftermath of World War II, UN rights chief Zeid Ra’ad Al Hussein said he had sent staff members to assess ...