Bloomberg The European Central Bank warned that the risk of an abrupt global market correction on the back of rising political uncertainty has intensified, posing a threat to banks, stability and economic growth. “More volatility in the near future is likely and the potential for an abrupt reversal remains significant,” the central bank said in its twice-yearly Financial Stability ...

  DUBAI / Reuters Bank of Singapore, a unit of Oversea-Chinese Banking Corp, said on Tuesday it had received a licence to open a branch in Dubai International Financial Centre (DIFC) as it aims to tap demand from wealthy individuals in the Middle East. The bank said the licence allows it to conduct private banking including investment, credit and wealth ...

  Bloomberg Here’s another sign investors are growing more bullish on Egypt, which has interest rates of about 15 percent and a fresh loan from the International Monetary Fund under its belt: Citigroup Inc. is selling the first structured notes tied to the nation’s sovereign debt in six years. The New-York based bank plans to issue 305 million Egyptian pounds ...

  Bloomberg Credit Suisse Group AG is courting investors to raise as much as $2 billion for a fund that will buy stakes in hedge-fund firms, according to two people with knowledge of the matter. The Zurich-based bank’s Anteil Capital Partners unit will aim to buy minority stakes in 10 to 12 money managers, the people said, asking not to ...

  NEW YORK / AP Toys that teach aren’t a new thing, but a growing number are calling for kids to build with blocks, circuits or everyday items before reaching for a tablet screen. Play is how kids learn about the world around them, whether it’s a toddler throwing a ball or teens playing video games. It’s about seeing how ...

  TOKYO / AP Toyota Motor Corp. has developed a new way of observing the movements of tiny particles in batteries used to power electric vehicles — an advance it says will help boost their cruise range by 10 percent to 15 percent. Toyota engineer Hisao Yamashige explained to reporters on Thursday at the Japanese automaker’s Tokyo office the complex ...

    BEIJING / AP China’s biggest online travel service Ctrip.com is buying Skyscanner i n a deal that values the British travel search site at 1.4 billion pounds ($1.7 billion). The deal announced Thursday adds to a string of global acquisitions by Chinese companies in search of technology, brands and access to foreign markets. Ctrip.com International Ltd. said the ...

  WASHINGTON / AP Breaking a sweat? Researchers are creating a skin patch that can test those droplets while people exercise and beam results to their smartphones, possibly a new way to track health and fitness. The experimental gadget goes well beyond activity monitors like the Fitbit. A little larger than a quarter, it’s almost like a tiny lab stuck ...

  Bloomberg U.S. highway safety officials called on smartphone makers to add features that would keep motorists from using functions linked to a surge in deaths due to distracted driving, a proposal that drew immediate opposition from the electronics industry. The voluntary guidelines proposed Wednesday asked device makers to take steps such as blocking some video displays and preventing manual ...

  Abu Dhabi / NEW DELHI / WAM The UAE reviewed the steps it has taken so far to further promote entrepreneurship environment and highlight opportunities of building economic and business partnerships that support small and medium entrepreneurs (SME) to penetrate into new markets at regional and international levels. This came during the panel discussion themed ‘Global Partnership Opportunities for ...