London / AFP Britain’s annual inflation rate edged higher last month, official data showed on Tuesday, and is set to climb further as a weak pound caused by the Brexit vote raises import prices. The 12-month Consumer Price Index rose by 0.6 percent in July, the Office for National Statistics said in a statement. CPI had risen by 0.5 ...

  Berlin / AFP German industrial gas supplier Linde and its US competitor Praxair “are discussing a merger of equals”, a source close to the matter said on Tuesday, confirming a Wall Street Journal report. A potential tie-up between the two companies would create a giant that would overtake French group Air Liquide as the world’s number one supplier of industrial ...

  Berlin / AFP Investor confidence in Germany rebounded slightly in August, as the shock over Britain’s vote to leave the European Union began to wear off, a leading survey showed on Tuesday. The investor confidence index calculated by the ZEW economic institute gained 7.3 points to stand in positive territory at 0.5 points in August, recovering from a massive ...

  Emirates Business Global leaders will meet in Dubai for the Africa Legal Network’s (ALN) 3rd Annual International Conference on October 5-6 at the Park Hyatt, Dubai, UAE. The invite-only event will bring together government representatives and business professionals to discuss the greatest opportunities for foreign investment in Africa. The conference comes as total non-oil trade between the two regions ...

  Emirates Business In the second quarter of 2016, Henkel generated organic sales growth — adjusted for foreign exchange and acquisitions/divestments — of 3.2 percent. Nominally, sales decreased by 0.9 percent to 4,654 million euros due to a negative foreign exchange impact of 5.3 percent. “Henkel delivered a strong business performance in the second quarter. We generated solid organic sales ...

  Dubai / Emirates Business Nissan is conducting a series of real- world experiments and trials to bring future mobility scenarios to life through several “Living Labs” underway at Nissan Future Lab. The “Living Lab” research provides user data to help Nissan anticipate and evolve to meet future transportation needs. The difference between traditional research methods and Nissan’s “Living Labs” ...

  Dubai / Emirates Business The Color Runâ„¢ presented by Daman’s ActiveLife will return on November 12 with a fun and fresh new twist, as its Tropicolor World Tour bursts into Dubai with a 5k stay-cation packed full of island-style colors, music and unforgettable memories. The Tropicolor World Tour takes the world-renowned experience that Dubai’s Color Runners already love to ...

  Bloomberg Oil halted its advance below $46 a barrel after the biggest three-day gain since April as Nigeria’s oil minister signaled the prospect of production cuts from OPEC was unlikely. Futures slid as much as 0.8 percent in New York after rising 9.7 percent the previous three sessions. Optimism by Nigeria’s Minister of State for Petroleum Emmanuel Kachikwu that ...

  Bloomberg India’s preparing to tender 10 gigawatts of wind power by 2019 in auctions intended to help meet Prime Minister Narendra Modi’s ambitious clean-energy targets. The first 1-gigawatt tender is planned for October, Varsha Joshi said in an interview with Bloomberg News. She’s joint secretary at India’s Ministry of New and Renewable Power, the agency tasked with realizing Modi’s ...

  Bloomberg The market for liquefied natural gas is about to attract more players and more trading as new supply from the U.S. and Australia strengthens buyers’ bargaining power. Historically, LNG has been sold on long-term contracts that guaranteed buyers supply and helped producers finance liquefaction plants at a time when less of the product was shipped. Now, a gas ...