Bloomberg Sugar prices in Brazil, the world’s biggest producer and exporter, have surged to a record, but that’s not enough to entice processors to increase investment, Louis Dreyfus Commodities Co.’s sugar unit says. While making the sweetener has become profitable again, companies are still reluctant to boost capacity as many still struggle with a debt hangover from the previous ...

  Bloomberg In two years, pipeline giant Enterprise Products Partners LP will be capable of processing 800mn cubic feet of natural gas a day in an energy-rich stretch of West Texas and southeastern New Mexico known as the Delaware Basin — 20 times what it could handle in 2012. Behind this rapid expansion in one of America’s most prolific oil ...

  Anushka Wijesinha SPECIAL TO EMIRATES BUSINESS Sri Lanka is in an enviable location. The busy East-West shipping route passes just six to ten nautical miles south of the island. More than 60,000 ships ply this route annually, carrying two-thirds of the world’s oil and half of all container shipments. Sri Lanka is also at the doorstep of a dynamic ...

An iOS app called Prisma has been taking 10 post-Soviet nations by storm, reaching the No. 1 spot in app stores in record time. At first glance, the software does nothing special: It’s a collection of image filters that make photos look like paintings. But the technology is far more complex and troubling: It uses artificial intelligence to completely “repaint” ...

  The doomsday narrative of British Prime Minister David Cameron, the Bank of England and their official friends around the world is setting a course for a self-fulfilling financial panic. They insist that the British economy will be permanently poorer and global markets will be roiled if the British public votes to leave the European Union in a referendum on ...

  Bloomberg U.S. commercial real estate prices may fall as much as 5 percent in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords, Pacific Investment Management Co. said in a report on Monday. A global surge in demand for U.S. property investments that pushed real estate values to records ...

  Manama / TNS Bahrain has attracted $110 million in investments and created 1,200 jobs since the beginning of the year, a top official has revealed. However, the aim is to attract double that amount by the end of the year, said Economic Development Board chief executive Khalid Al Rumaihi. “We think we’ll achieve that,” he said at a media ...

  Rio de Janeiro / DPA The Morro da Mineira favela (slum) in Rio de Janeiro holds a striking number of turquoise houses: you can see them from afar, like boxes piled up on the hill, all of them turquoise. The story goes that a well-known drug lord hid in this poor neighbourhood near the Sambadrome, in central Rio. Police ...

  Tribune News Service The speed of technology advancement is driving the evolution of your business. Turn the challenges into important competitive opportunities. Anticipate and apply the new technologies in a smart way. The perspective of Montserrat Corominas. The whole world is in a continually escalating technology race. This race of technology is apparent in how it took 30 years ...

  Abu Dhabi / Emirates Business Etihad Cargo, the freight division of Etihad Airways, has been successful at the Air Cargo Week Awards in Shanghai winning the coveted ‘Cargo Airline of the Year’ award. This is the second successive year that the airline has won the award, having collected it in Munich in 2015. The annual awards are voted by ...