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  HONG KONG / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and his accompanying delegation, on Wednesday participated in the opening of the Belt and Road Summit, being held at the Hong Kong Convention and Exhibitions Centre. The two-day event is expected to attract at least 2,000 investors, service providers, project owners and operators from ASEAN countries and ...

  Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said that the UAE pays ample attention to economic and trade relations with Cost Rica. He added that the trade exchange between the two countries witnessed a continuous growth from US$3 million in 1999 to $25 million in 2014. This was revealed ...

  Tokyo / AFP Japan sidestepped a recession after its economy grew in the first quarter, preliminary data showed on Wednesday, but efforts to cement recovery in the world’s number three economy were gaining little traction. Gross domestic product expanded by 0.4 percent between January and March — or 1.7 percent at an annualised rate — after a contraction in ...

  CAIRO/ AP A leading international rights group on Wednesday released a report documenting atrocities by Libya’s IS affiliate — including instances of “crucifixions” and shooting a man to death for “cursing God” — in the coastal city of Sirte, a stronghold of the militants. Human Rights Watch recounts “scenes of horror” that followed the city’s seizure by IS militants ...

  COLOMBO / AFP Massive landslides triggered by torrential rains crashed down onto three villages in the central hills of Sri Lanka, and more than 200 families were missing on Wednesday and feared buried under the mud and debris, the Sri Lankan Red Cross said. Sixteen bodies have already been recovered and about 180 people have been rescued from the ...

  Washington / AFP Hillary Clinton claimed a narrow victory in Kentucky as she sought to put away Bernie Sanders, but her resilient rival for the Democratic presidential nomination bounced back to snatch a win in Oregon. With the Kentucky race too close for most US networks to call a winner, Clinton declared victory shortly after Kentucky’s secretary of state ...

  RITIKA SHARMA / Emirates Business Every summer, UAE hotels host a mix of tourists from across the world. This year, the industry looks more to beach and sun lovers from Europe. Expecting a rise of nearly 10 percent in the overall revenue of hotels this year, UAE hoteliers see most of this increase coming from European tourists, especially from UK, ...

  Dubai / Emirates Business Cyber-crime is not a new phenomenon, but it’s hitting the headlines as never before. According to PwC Middle East’s latest report, there is a renewed willingness among organizations to invest in security, with many organizations incorporating strategic initiatives to improve security and reduce risks. PwC Middle East’s Global State of Information Security survey 2016 compares ...

  AFP Spain and Portugal received unexpected reprieve to meet the EU limits on public deficits on Wednesday as Brussels delayed a decision to slap fines against the rule-breakers until July. The delay put off a potentially embarrassing decision for Spain until after elections on June 26 and gave more time for a new government in Portugal to get on ...

  Bloomberg Petroleo Brasileiro SA, the state-run oil producer at the center of Brazil’s biggest ever corruption scandal, offered record-high interest rates to entice investors to its first international bond sale in a year. Petrobras sold $5 billion five-year notes to yield 8.625 percent and $1.75 billion of 10-year notes to yield 9 percent, according to a person familiar with ...