Bloomberg Retail sales in Canada came in better than expected in October as more people bought cars, underscoring the effects of government income support and a recovering labour market. Sales climbed 0.4% from the prior month, Statistics Canada said in Ottawa, the sixth-straight monthly increase. Economists predicted no change. The September figure was revised to a gain of 1.9% from …

DUBAI/ DAKAR / WAM Trade enabler DP World, and the Government of Senegal, have signed agreements for the development of a deepwater port at Ndayane, approximately 50 kilometres (km) from the existing port and near the Blaise Diagne international airport. The new port will further reinforce Dakar’s role as a major logistics hub and gateway to West and North-West Africa. …

Bloomberg India has been ordered to return over $1.2 billion to Cairn Energy Plc after Prime Minister Narendra Modi’s administration lost arbitration proceedings in a tax dispute, its second defeat since September over such levies. An international arbitration tribunal ruled that India’s tax claim was not valid and asked the government to repay the funds, along with interest, to Cairn. …