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Bloomberg In weighing a bankruptcy, power giant PG&E Corp may be firing a warning shot to California lawmakers: Help us or watch the largest utility in your state go insolvent. The company is considering whether to file for bankruptcy protection in as soon as weeks to organise the billions of dollars in potential liabilities from wildfires its equipment may have ...

Islamabad / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday held talks with Prime Minister Imran Khan, focusing on strengthening the relations between the UAE and Pakistan, in addition to the current regional and international developments. His Highness Sheikh Mohamed affirmed his keenness ...

Dubai / WAM The Dubai International Airport (DXB), welcomed 6.9 million customers in November 2018, bringing the hub’s year to date traffic to 81.4 million passengers. In a statement issued on Sunday by DXB, the Airport said, “The number of customers served was 6,897,169 in November (-0.8%) taking DXB’s year to date numbers to 81,426,428 (+1.3%).” Baggage volumes of 5.8 ...

Dubai / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Cabinet Member and Minister of Infrastructure Development, opened on Sunday ArabPlast 2019, the biggest plastics, petrochemicals and rubber industry exhibition in the Middle East and North Africa (Mena), region, at the Dubai International Convention and Exhibition Centre. This edition of ArabPlast witnessed the presence of more than 900 companies from ...

DUBAI / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in the Department of Economic Development (DED) announced an automatic settlement facility for traders eligible for 50% reduction on commercial fines. The announcement is in line with the declaration of 2019 as the Year of Tolerance by President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The 50% reduction ...

Bloomberg The Democratic Republic of Congo delayed the release of provisional results from last week’s presidential election as criticism of the country’s handling of the vote grew. Congolese went to the polls on December 30 to find a successor to President Joseph Kabila, who’s ruled since 2001, in an election that was already two years overdue. The central African nation ...

Bloomberg India’s economy grew at a faster pace than most major nations in 2018, and this year, it’s poised to overtake the UK to become the world’s fifth-biggest. But that journey won’t be smooth. The outcome of a general election due by May is a potential pitfall for a nation already battered by emerging market turmoil and a currency rout ...

Bloomberg India needs to resume subsidies on imported natural gas to help revive power plants that have been stranded for want of fuel and could turn into bad assets for banks, according to a lawmakers’ report. The federal government should supply the gas at lower than market rates by utilising funds from the so-called Power System Development Fund or from ...

Bloomberg Big US companies are paying higher risk premiums when they borrow and finding less demand for their bonds, a sign that investors are worried about rising wages and slow- ing economic growth hitting corporate profit growth. Companies are responding by borrowing less: they sold around $8 billion of US investment-grade debt last month, about a seventh of the average ...

Bloomberg UK mortgage approvals dipped to a seven-month low in November and unsecured credit rose at its slowest annual pace for almost four years, the Bank of England (BOE) said. The figures reflect weakening consumer confidence as fears mount that Britain could crash out of the European Union without a deal. House prices rose the least since 2013 last year, ...