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  New Delhi / Bloomberg India may spend as much as $16 billion — over $1 billion more than initially estimated — on the nation’s first bullet train to elevate the entire railroad, a person with direct knowledge of the matter said. Land acquisition hurdles, as well as people and animals potentially wandering in front of carriages speeding at 350 ...

  Bloomberg Euro-area consumer prices failed to increase for a fourth consecutive month, highlighting policy makers’ struggle to stoke inflation despite multiple rounds of stimulus. Prices fell 0.1 percent in May from a year earlier, the European Union’s statistics office in Luxembourg said on Tuesday. That’s in line with the median estimate in a Bloomberg survey of economists and follows ...

  Bloomberg Treasuries have lost their edge over stocks as the U.S. economy expands enough to push the Federal Reserve toward raising interest rates. U.S. government securities stagnated for a second month in May, leaving them little changed for the second quarter. The S&P 500 Index of shares has returned 2.3 percent since the end of March, based on data ...

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, accompanied by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future, visited the headquarters of Dubai Land Department (DLD). During his visit, HH Sheikh Hamdan toured the offices of the department and was briefed on the performance and functions of each ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received visiting Chadian President Idriss Deby. The two leaders discussed ways of bolstering cooperation between the UAE and Chad to serve the common interests of the two countries, with a focus on ...

Tokyo / Bloomberg Japan’s retail sales growth stalled, underscoring weakness in private consumption and increasing the likelihood that Prime Minister Shinzo Abe will delay a sales-tax increase planned for next year. Sales were unchanged in April from the previous month, a government report showed on Monday. The median forecast of economists surveyed by Bloomberg was for a 0.6 percent decline. ...

  Beirut/ AFP Syria’s opposition chief negotiator in UN-brokered peace talks has announced his resignation in what analysts said amounted to a warning the Geneva-based process was on its “last legs”. Mohammed Alloush, a member of the Saudi-backed rebel group Jaish al-Islam (Army of Islam), said on Twitter late Sunday he was resigning over the talks’ failure to produce any ...

Bloomberg Splits in the UK Conservative Party pose a growing threat to David Cameron’s chances of remaining prime minister after the Brexit referendum as “blue-on-blue” attacks become increasingly acrimonious. Bookmakers cut the odds on Cameron’s ouster this year as former London Mayor Boris Johnson and Justice Secretary Michael Gove, prominent Conservative campaigners to leave the European Union, said the premier’s ...

  ALKESH SHARMA / Emirates Business A gateway to the most exciting retail market in the world, the Retail Show Middle East 2016 is all set to open on Tuesday. The two-day event — a platform for innovation, new partnerships, and launch of ground-breaking products — will host exhibitors and attendees from across the Middle East, North Africa, Indian subcontinent, ...

  RITIKA SHARMA / Emirates Business Gone are days when holidays meant just an escape from the world without any communication back home or office. With technology taking strides in almost everything around us, travel is no more an ‘out-of-sight out-of-mind’ case. From seeking a one-time experience during holidays to the era of instant feedbacks and reviews, things have changed ...