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Bloomberg President Vladimir Putin flew to Russia’s airbase in Syria and declared “victory” in its two-year military campaign in support of Syrian leader Bashar al-Assad, as he issued an order to begin withdrawing forces from the war-torn country. Putin’s unannounced stop, where he was greeted by Assad, began a whirlwind day of Middle East diplomacy on Monday that includes talks ...

Bloomberg Japanese prosecutors are investigating two of the country’s biggest construction companies, Obayashi Corp. and Kajima Corp., for suspected wrongdoing linked to a public-backed $79 billion magnetic-levitation rail network. After local media reported authorities were looking into bid-rigging related to construction of Central Japan Railway Co.’s maglev project, Obayashi Corp. said in a statement that prosecutors had raided its office ...

Bloomberg China’s efforts to tackle air pollution are getting a reality check, with some regions told to revert to burning coal after shortages of natural gas left people without heating amid freezing winter temperatures. Officials in China’s frigid northern provinces were ordered to prioritise keeping citizens warm and areas that hadn’t yet converted fully to gas were permitted to burn ...

Bloomberg President Donald Trump plans to keep pushing his legislative agenda in 2018 by releasing his long-promised infrastructure proposal in early January, a senior administration official said. Infrastructure advocates question whether a Republican-led Congress will be able to pass a spending plan with enough federal funding if it’s already approved a tax measure that official estimates say would bloat the ...

Bloomberg The UK government u-turned on campaign promises to disband the Serious Fraud Office (SFO), with the white-collar prosecutor remaining independent under the Conservative Party’s newest plans for tackling economic crime. The decision was expected to be announced on Monday by Home Secretary Amber Rudd, according to a statement from the Home Office. The National Crime Agency, which the government ...

Bloomberg The world’s largest container shipping line says international freight rates are reversing after climbing for most of this year, raising questions about the sustainability of the global trade recovery. Decade-old oversupply issues swamped demand for containerised sea trade in the third quarter, a senior official at Maersk Line Ltd. said. Over 90 percent of trade is routed through ships, ...

Abu Dhabi / Emirates Business The peak pre-Christmas travel period is fast approaching with many travellers making plans for trips home or on holiday. The combination of the festive season and schools breaking up for holidays means the period from December 12 to January 5 will be a particularly busy time at Abu Dhabi International Airport, with up to 1.25 ...

Dubai / WAM The UAE Cabinet reaffirmed on Sunday that the UAE will remain a firm supporter of the Arab identity of Jerusalem and of the legal status established by all international conventions as well as of the rights of the Palestinian people. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of UAE and Ruler of ...

Dubai / Emirates Business Emirates is spreading the festive joy with treats across all cabin classes this December. Customers travelling for the holidays will enjoy several Christmas specials both on the ground and on board from food to entertainment. Festive menus are back In addition to the regionally inspired cuisine served on board, Emirates is bringing back its Christmas menu ...

Dubai / WAM Global trade enabler, DP World, was recognised for its world leading business standards and practices, winning two awards at the Transport Arabia Excellence Awards 2017, held under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group. DP World – UAE Region won the ...