RIGA / Bloomberg A Latvian lender linked to a string of money-laundering probes was closed by the European Central Bank (ECB). Trasta Komercbanka AS, the Baltic nation’s 13th-biggest lender by assets, had its license revoked after local regulators slapped restrictions on it in January. Latvia’s Financial and Capital Market Commission, which doesn’t deem the bank systemically important, said the move …

SUnaina Rana / EMIRATES BUSINESS As Ralph Nader said — the function of leadership is to produce more leaders, not more followers — the same principle is followed by US-based Young Presidents Organisation (YPO). Founded in 1950, YPO today provides 23,000 peers and their families in more than 130 countries with access to unique educational and networking experiences designed to …

Our Correspondent / EMIRATES BUSINESS Dulsco, a regional leader in human resource solutions and waste management services, has touched the 80 year milestone in 2015. Dulsco was set up in 1935 as a stevedoring company. During its initial years of operation, the company used to provide stevedoring services to ships at the anchorage and barges. By the 1970s, and with …