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World loses $400bn of food before it reaches stores: UN

Bloomberg The world loses about $400 billion of food before it even gets delivered to stores, according to the United Nations. Some 14% of all food produced is lost annually, with central and southern Asia, North America and Europe accounting for the biggest shares, the UN’s Food and Agriculture Organisation (FAO) said in a report, citing the latest data as of ...

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Oil drops after biggest gain in a month

Bloomberg Oil slid after surging the most in almost a month amid doubts that recent progress in the US-China trade talks will compensate for a worsening global demand outlook. Futures in New York fell as much as 2.6% after gaining 2.2% in the previous session. Despite positive momentum in the trade negotiations, and an array of threats to oil supply ...

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Sky’s the limit for UAE-Russia relations

Abu Dhabi The visit of Russian President Vladimir Putin to the UAE, his second since 2007, is aimed at deepening bilateral ties and taking them to wider horizons. The timing of the visit indicates the close cooperation and coordination between the two friendly countries as put by Putin, “It is no great secret that we maintain regular contacts with the ...

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