International Monetary Fund’s (IMF) recommendations to adopt policies that support research and development to promote innovation could play a pivotal role in reversing the global economic slowdown. Such recommendations could be implemented through structural reforms in labour and product markets that take innovation into account. “Fiscal policy can play an important role in stimulating innovation through its effects on research …

Shannon Tiezzi SPECIAL TO EMIRATES BUSINESS China’s State Grid Corp. has unveiled an ambitious blueprint for creating a global electricity network. As Wall Street Journal reports, on Wednesday State Grid chairman Liu Zhenya outlined the $50 trillion plan, which calls for long-range transmission lines to create a world grid that heavily incorporates wind and solar energy from the Arctic and …

When Brazilian President Dilma Rousseff walked down the ramp at the presidential palace in Brasilia the other day, she might have been a national hero. “There will be struggle, there will be resistance,” a gruff-voiced leader of the homeless workers’ movement announced, turning the announcement of a new federal housing initiative into a political rally. “This bogus coup attempt will …