Bloomberg European Central Bank (ECB) President Christine Lagarde said her institution is on watch as the coronavirus outbreak provides a new threat to the economic outlook. The disease, which has spread worldwide after originating in China, has shuttered factories, cancelled flights and kept workers at home as governments try to stem the contagion. Lagarde’s comments suggest that the ECB, like …

DUBAI / WAM Commercial complaints in Dubai showed a remarkable decline in 2019, as sustained campaigns by Dubai Economy to reach out to traders and resolve their complaints amicably helped improve relations within the business community and enhance business competitiveness in Dubai. The Commercial Compliance and Consumer Protection (CCCP), sector in the Dubai Economy received 770 commercial complaints in 2019, …

Bloomberg Oil rebounded back beyond $50 a barrel as Opec+ entered a second day of discussions on impact of coronavirus outbreak. Futures rose 3% in New York, reversing some of the dramatic collapse across the futures curve this week that saw the market fall into a bearish contango structure — indicating oversupply. The recovery reflects speculation that Opec+ talks in …