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Bloomberg Germany’s industrial slump worsened at the start of 2019, dragging the euro-area economy into its worst performance in more than five years. IHS Markit’s monthly index showed manufacturing in Germany shrank for the first time in four years. In euro area it barely grew, and a broader measure of activity dropped to weakest since 2013. The euro fell after ...

Bloomberg The US Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. Many strategists at primary-dealer firms predict that this Wednesday’s quarterly refunding announcement will see the Treasury maintain note and bond sales at the record high levels they ...

ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, reviewed the progress of the Emirati School Model. The meeting was also attended by His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, expressed his satisfaction with the UAE government’s significant progress in achieving gender balance, through the several initiatives and programmes undertaken by various government entities to promote equal opportunities for both men and women. His Highness said that this ...

COLOMBO / WAM The Emirates Red Crescent (ERC), inaugurated ‘Sheikh Zayed Village’ in Manar, Sri Lanka, to house families affected by natural disasters. The new city includes 120 residential units, a mosque, a multi-purpose hall and eight commercial stores. A delegation from the ERC, led by Mohammed Yousef Al Faheem, Deputy Secretary-General for Assistive Services Affairs at the ERC, inaugurated ...

Dubai / Emirates Business Healthcare and trade professionals from more than 160 countries will descend on Dubai on Monday for the opening of Arab Health Exhibition & Congress, the largest gathering of healthcare companies, technology, products and services in the Middle East. Following the success the 2018 edition, where over $778 million worth of business was generated by exhibitors, it ...

Bloomberg Philippine economic growth which weakened to a three-year low in 2018 will rebound this year, boosted by spending for the May mid-term elections and helped by moderating prices, the nation’s chief economist said. “With the declining inflation, domestic demand will strengthen,” Economic Planning Secretary Ernesto Pernia said in an interview in his office. Hitting the low-end of the 7 ...

Bloomberg After posting the best quarter in four years, Indian bonds are pitted against a familiar foe: likely record debt sales by the government to finance populist measures before national elections due by May. Prime Minister Narendra Modi’s administration may announce plans to borrow 6.4 trillion rupees ($90 billion) for the next fiscal year in its budget, according to the ...

Bloomberg Just as President Donald Trump looks to make peace with North Korea’s Kim Jong Un, his administration is putting fresh strain on the US’s seven-decade alliance with South Korea. At issue is the Trump administration’s insistence that South Korea accepts as much as a 50 percent increase in what it pays for US military protection, including subsidizing the nuclear-capable ...

Bloomberg A no-deal Brexit could create yet another headache for the European Union as it prepares to hand dozens of UK-based companies a tax bill that is expected to top $1.5 billion. With just over two months left until Britain’s scheduled departure date of March 29, time is running out for the European Commission to order the UK to recoup ...