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Spanish economy grew 0.7% in second quarter: Bank of Spain

  Bloomberg The Spanish economy probably grew 0.7 percent in the second quarter as increased employment and favorable financing conditions supported consumption, the Bank of Spain said. Most recent data continued to show “robust growth” even as expansion of business investment showed a certain slowdown, the regulator said in its monthly economic bulletin published on Tuesday, citing preliminary data from ...

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Venezuela’s oil output decline accelerates as drillers go unpaid

  Bloomberg Venezuela’s oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country fell more than $1 billion behind in payments. The Latin American nation’s oil production, which generates 95 percent of export revenue, will decline by about 11 percent to 2.1 million barrels a day by ...

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Brazil’s upside down coffee mkt means a tastier cup

  Bloomberg Brazil’s economy is turning sour, but the coffee is sweeter. A drought across robusta plantations this year has raised prices for the bitter-tasting type of coffee that’s usually the cheapest. In some cases, the beans are now more expensive than arabica, the variety preferred for high-end drinks because of its smooth flavor, and roasters are changing their blends. ...

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Luxury refefined

  Our Correspondent EMIRATES BUSINESS Jumeirah Golf Estates is one of the Middle East’s most prestigious residential golf communities, offering a wide range of world-class facilities and more than 1,700 individually designed homes (constructed and under construction) in the United Arab Emirates. Situated just 15 minutes from The Palm and Dubai Marina, Jumeirah Golf Estates is well placed to provide ...

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Securing lives with better technology

  Our Correspondent EMIRATES BUSINESS Canon, world leader in imaging solutions, has announced the launch of eight new 2MP network cameras. The new range includes an outdoor 360⁰ endless panning model with 30x optical zoom and fast autofocus, and two new fixed box ‘bullet’ models with 20x optical zoom, a first for Canon. All eight new models were on display ...

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London’s loss is Asia’s gain as realty funds seek safe havens

  Bloomberg London may have just shed its safe-haven property market tag with the U.K.’s vote to break away from the European Union. That’s good news for real estate markets in Asia that offer stability. Singapore, Hong Kong and Australia, which face headwinds including oversupply and high prices, may see money flowing into property as investors flee to safer assets ...

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