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  Tokyo / AFP Toyota on Wednesday warned that its annual net profit will fall by about a third as a stronger yen, and a slowdown in Chinese growth and other emerging markets dent its bottom line. The surprise new forecast — which would mark Toyota’s first profit decline in five years — tipped a 1.5 trillion yen ($13.8 billion) ...

  Brasília / AFP Brazil’s Senate on Wednesday launched a pivotal debate on the future of President Dilma Rousseff, who faces likely suspension and an impeachment trial that could end 13 years of leftist rule in Latin America’s biggest country. Even allies of Rousseff, 68, said she had no chance of surviving the vote, expected later in the day after ...

  London / AFP Queen Elizabeth II was caught on camera describing some Chinese officials as “very rude” in a rare diplomatic gaffe by the long-serving British monarch over a state visit that drummed up billions in Chinese investment. Her comments, aired on Wednesday, came just hours after Prime Minister David Cameron on Tuesday also made inadvertently public remarks, referring ...

  DUBAI / Emirates Business Emirates Green Building Council (EmiratesGBC), an independent forum aimed at conserving the environment by strengthening and promoting green building practices, puts the spotlight on Nearly Zero-Energy Buildings (nZEBs) at a Focus Day organised in partnership with the Dubai Chamber of Commerce & Industry (Dubai Chamber) and the Dubai Supreme Council of Energy. Discussing the definitions ...

  Bloomberg U.K. industrial production grew less than forecast in March as manufacturing barely rose and oil and gas output shrank. Output rose 0.3 percent, less than the 0.5 percent gain predicted in a Bloomberg survey of economists, figures from the Office for National Statistics published on Wednesday show. It followed a 0.2 percent decline in February. Factories increased production ...

  Bloomberg Big oil is dipping a few more toes into clean energy. Exxon Mobil Corp. is partnering with a company to capture carbon-dioxide emissions from power plants. Total SA, the French oil supermajor, announced a $1.1 billion deal Monday to buy the battery maker Saft Groupe SA, complementing its 2011 purchase of a majority stake in the solar-panel maker ...

  Bloomberg A bad start to the year for Canadian natural gas producers is getting worse after wildfires in northern Alberta knocked out oil-sands operations that represent a key source of demand. Spot gas prices in Western Canada have been cut by more than half after oil-sands developers curtailed about 40 percent of their supply, reducing the amount of gas ...

  Dubai / Emirates Business HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA) Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group, on Tuesday inaugurated the 3rd edition of the World Travel Catering and Onboard Services Expo Middle East (WTCEME) with strong participation from more than 70 international travel ...

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, attended the opening session of the two-day 2nd Annual International Conference and Exhibition, organised by the World Free Zones Organization on Tuesday at Grand Hayatt Hotel in Dubai. HH watched a documentary on the evolution and progress of the free zone in Dubai. The ...

  Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) in association with the Turkish Business Council in the UAE, organised a business meeting at Sharjah Chamber of Commerce and Industry (SCCI) to discuss ways to enhance cooperation between Sharjah and Turkey and improve economic relations between both sides. The event was attended by Marwan bin Jassim Al Sarkal, CEO of Shurooq, Khalid ...