April, 2016

• 21 April

  Ukraine president: Sanctions against Russia must remain

    BUCHAREST / AP Ukraine’s president says sanctions against Russia must stay in place as long as hostilities in eastern Ukraine still continue. President Petro Poroshenko said he and Romanian President Klaus Iohannis agreed that “discussions related to cancelling sanctions imposed on Russia cannot take place until the aggression stops.” Security was the main focus of talks during Poroshenko’s one-day visit ...

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• 21 April

  NATO: Migrant smugglers still active on key crossing

    Ankara / AFP NATO said on Thursday traffickers were still trying to smuggle people across the Aegean Sea, despite an unprecedented naval mission by the alliance to help tackle Europe’s migration crisis. “We have seen a significant reduction in the numbers” attempting the perilous crossing from Turkey to Greece, particularly since the implementation of a deal between Ankara and ...

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• 21 April

  Russia extradite Uzbeks to face torture

    Moscow / AFP Amnesty International on Thursday condemned Russia for sending migrants and asylum seekers back to its highly repressive ex-Soviet ally Uzbekistan where they face “pervasive” use of torture. The rights group accused Russia in a new report of being “partners in crime” with Uzbekistan, a Central Asian country ruled by dour former Communist strongman Islam Karimov since ...

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• 21 April

  Pro-Russians set for comeback in Serbia

  

    Belgrade / AFP Ultra-nationalists hope to dent the success of Prime Minister Aleksandar Vucic as Serbia votes on Sunday, calling on the Balkan country to embrace big brother Russia instead of the European Union. While pro-European Vucic is widely expected to retain power, pro-Russian forces are set to make a comeback in parliament after several years in the cold, ...

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• 21 April

  Italian govt dissolves town council infiltrated by mafia

    Rome / AFP The Italian government has decided to dissolve the town council of Brescello for fear that its local institutions have been infiltrated by the mafia. The decision was taken following a ministerial meeting on Wednesday. While dozens of other town councils in southern Italy have faced a similar fate in the past, it was the first time ...

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• 21 April

  Chinese economy: Back to the future

  

    In a bid to revive its flagging economy, China has gone back to its old ways, with rapid credit growth sparking a pick-up in the “old economy” sectors of construction, housing and manufacturing. However, keeping the good times rolling by delaying reforms could yet bring bigger problems for the world’s second-largest economy, according to analysts. On Friday, Asia’s economic ...

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• 21 April

  Singapore to table new cyber bill in 2017

  

  A new Cybersecurity Act will be tabled in Singapore’s parliament next year, Singapore’s minister for communications and information, Yaacob Ibrahim, announced on April 11. According to Yaacob, the bill is aimed protecting the country’s critical information infrastructure. The bill will empower the year-old Cyber Security Agency (CSA) to “manage cyber incidents and raise the standards of cybersecurity providers in Singapore,” ...

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• 21 April

  America is nowhere close to having a debt crisis

  

    There are sometimes good reasons to be worried about the U.S. national debt. The debt has to be serviced, and that requires collecting taxes, which distort the economy. If government debt gets so large that the only way to avoid a default is to hold down interest rates forever, those low rates can eventually have negative effects on the ...

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• 21 April

  Commodities’ high weighs on bonds; Europe stocks slip

  

    BLOOMBERG A gauge of commodities headed for a five-month high, spurred by gains from metals to soy beans, and weighing on government bonds as the European Central Bank kept interest rates unchanged at its latest policy meeting. Steel reinforcement bars jumped to a 19-month high in Shanghai, buoyed by an improving Chinese property market. Brent crude held near $46 ...

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• 21 April

  Emirates Securities Market up by 0.88 percent

  

    ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.88% to close at 4718.79 points. Accordingly the Market Capitalization has gained AED 6.68 billion attaining AED 765.45 billion. A total of 0.95 Billion Shares were traded with a total value of AED 1.24 billion during the trading session of 21-04-2016 through 10671 transactions. The number of companies ...

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