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  Bloomberg In a testament to the rising consumer potential of the world’s No. 6 emerging market, Indonesia’s President Joko Widodo has tapped for guidance the king of Chinese e-commerce: Jack Ma. Jokowi, as Indonesia’s leader is known, further intensified the buzz surrounding his country’s $2 billion e-commerce market with a stop at Jakarta’s sprawling Mangga Dua bazaar last month, ...

  Tokyo/ AFP Business confidence among Japan’s largest manufacturers is at its lowest since Tokyo introduced measures to kick-start the struggling economy more than three years ago, a central bank survey showed in a report. The Bank of Japan’s closely watched Tankan report comes after data showing weak growth in the second quarter and as soft inflation and spending figures ...

  Aleppo / AFP Syrian regime forces advanced against rebels during intense street battles in the heart of Aleppo on Tuesday, after the United States abandoned talks with Russia aimed at reviving a ceasefire deal. The UN rights chief appealed for action to halt the “ghastly avalanche of violence” unfolding in Syria’s second city, which is reeling from some of ...

  Washington / AFP Donald Trump’s presidential hopes suffered a punishing new setback as authorities clamped down on his charitable foundation, while Hillary Clinton seized the offensive to brand him an unscrupulous businessman. With just five weeks to go before the November 8 election, Trump is seeking to climb out of one of the darkest periods of his White House campaign ...

  Brussels / AFP The IMF raised its growth forecast for the eurozone on Tuesday, but warned of uncertainty due to the still unknown consequences of Brexit and damage caused by low inflation. The IMF edged up the growth forecast for the 19 nation currency bloc to 1.7 percent in 2016, from an earlier 1.6 percent, citing low oil prices ...

  Bloomberg Ericsson AB plans to cut 3,000 jobs in Sweden, a fifth of the workforce in its home country, as it curbs production to cope with shifting technology and stagnant demand for wireless-network equipment. The company will reduce manufacturing in the towns of Boraas and Kumla — a move it signaled last month— as it turns its focus to ...

  Dubai / Emirates Business NATRANS Expo will raise the curtain on its 2nd edition at the Abu Dhabi National Exhibition Centre on October 25 and 26. The event is held under the patronage of His Excellency Dr. Abdullah Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of the Federal Transport Authority – Land and Maritime. The two-day event ...

    Sharjah / Emirates Business Sharjah Book Authority (SBA) has concluded its participation at the 29th edition of the Moscow International Book Fair (MIBF), held recently in the Russian capital of Moscow – an event that garnered the participation of nearly 500 publishing houses from 40 countries from all around the world. SBA utilised their presence at the book ...

  ABU DHABI / WAM Under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the UAE will spare no efforts to invest in human resources as we aim to develop leading educational models on which we rely to make a difference, and which feature the 21st century skills to address issues in a fast-changing world, His ...

  Dubai / Emirates Business For the fourth consecutive year, Thomson Reuters, the world’s leading provider of intelligent information for businesses and professionals, in partnership with the Dubai Islamic Economy Development Centre (DIEDC), and in collaboration with DinarStandard presented the key findings from the State of the Global Islamic Economy Report (SGIE) and introduce the Global Islamic Economy Indicator (GIEI) ...