Bloomberg Mexico plans to cut spending next year in order to meet its zero deficit target as manufacturing exports slowed and lower oil prices weighed on revenue. After slashing 2016 spending by 132 billion pesos ($7.6 billion), Mexico estimates a 175 billion-peso reduction in outlays next year compared to this year’s budget, the Finance Ministry said in a report to ...

Caracas / Reuters Venezuela will reduce power generation if the key Guri dam, which supplies around half of the blackout-hit country’s electricity, falls below a minimum level that is fast approaching, an official said. A severe drought, coupled with what critics say is a lack of investment and maintenance in energy infrastructure, has hit the South American nation which depends ...

Abu Dhabi / WAM Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, will undergo significant expansion over the next five years driven by its emergence as a hub for R&D and the commercialisation of clean technologies. “Around 35 percent of the planned built-up area will be completed over the next five years — up from ...