The imminent failure of Italy’s third-largest bank, Monte dei Paschi di Siena, is finally bringing the country’s long-festering banking crisis to the center of European leaders’ attention. This may be a blessing in disguise, offering the best chance yet to achieve a lasting solution — and even strengthen the European Union. Italy’s financial woes have been years in the …

  Syrian troops reclaimed rebel-held east Aleppo. The residents anxious to return to their homes entered into the war-ravaged city after the regime’s announcement of full control of the city. Assad army recaptured the former rebel stronghold after a landmark evacuation deal that saw thousands of opposition fighters and residents bussed out. The evacuation operation ended more than four years …

  Dubai / WAM Aimed at revitalising economic activity in the emirate of Dubai, the Dubai Municipality is carrying out many development projects including construction of new markets and commercial complexes, and expansion and maintenance of existing markets at a total cost of AED2.5 billion. Hussein Nasser Lootah, Director-General of the municipality explained that the civic body manages about 5,000 shops, …