Bloomberg Deutsche Bank AG is moving closer to settling one of its biggest legal cases. How it manages to pay will depend on whether it can persuade the U.S. to lower its initial request of $14 billion, and by how much. The shares of Germany’s biggest bank plunged on news the Department of Justice is seeking an amount that’s ...

Shinzo Abe’s recent promise of $30 billion in financing to African countries over the next three years shouldn’t have come as a great surprise. Quietly, over decades, Japan has become the leading financier of growth-supporting infrastructure across large swathes of the developing world. Perhaps too quietly. In fact, few people outside the country appreciate the scope of Japan’s overseas development ...

  Trade agreements are stalled or collapsing. Brexit won. World trade volume is slowing down. Has globalization hit a wall? Not exactly. Globalization isn’t so much slowing as it is taking new forms. The most potent form of globalization today is occurring inside nations, notably China and India. Globalization typically is defined as the movement of goods, services, ideas, labor ...

  The European Union has never been homogeneous, but recent policy clashes and particularly the immigration issue are making its split into three sub-blocs — the North, the South and the East — increasingly visible. Two strongmen, Hungarian Prime Minister Viktor Orban and Jaroslaw Kaczynski, leader of Poland’s ruling party, make no secret of trying to create an axis for ...

  Reuters Eastern Libyan forces said they had reestablished control over two oil ports where an ousted faction launched a counter-attack on Sunday, briefly seizing one of the terminals. The two ports, Es Sider and Ras Lanuf, were among four seized by forces loyal to eastern commander Khalifa Haftar’s Libyan National Army (LNA) on Sept. 11-12 from a Petroleum Facilities ...

  Jerusalem / AFP Prime Minister Benjamin Netanyahu on Sunday defended a new $38 billion US defence aid package against criticism Israel could have negotiated a larger sum had he not angered the White House. Speaking at the start of a cabinet meeting, Netanyahu said the deal was the “largest assistance agreement that the United States has ever provided to ...

  Bloomberg A meeting in Algiers at the end of September between OPEC and Russia — which together pump more than half the world’s oil — has raised expectations that a deal could be struck to boost prices. Oil is still trading at half its 2014 level amid a persistent global oversupply. While a production decline in the U.S. has ...

  ISTANBUL/ AP With summer drawing to a close, Turkey is counting the cost of a tough year that saw a string of terrorist bombings and the fallout from a diplomatic spat with Moscow that cut deep into the country’s crucial tourist trade. And then right bang in the middle of summer, the economic backdrop got more precarious after an ...

  Emirates Business Cairo Now! A City Incomplete captures for the first time under one roof the Egyptian capital’s current design landscape and celebrates innovation and emerging talent in the fields of product, furniture, graphic and typeface design as well as architecture. Curated by Cairo-based architect, independent researcher and writer Mohamed Elshahed, Over 65 Egyptian architects, designers, entrepreneurs and graphic ...

  DUBAI / Emirates Business The UAE government can save nearly USD 5 billion if the country undergoes full digital transformation, industry experts announced ahead of GITEX Technology Week 2016. Government digital transformation can save 1.3 percent of GDP, according to a recent report by consultants Deloitte. Extrapolating to World Bank figures that show the UAE’s GDP was USD 370 ...