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Bloomberg UK Chancellor of the Exchequer Philip Hammond will announce a plan to increase house building by almost 40 percent as his Conservative Party seeks to woo younger voters with promises to give them the same home-ownership opportunities as their parents. The government hopes to see 300,000 new homes a year—an increase from the 217,000 built in the past fiscal ...

Bloomberg New sport utility vehicles like the Peugeot 5008 and a jump in demand in France helped revive European car sales in October, offsetting another month of consumer unease in the UK on big-ticket purchases. Registrations rose 5.9 percent from a year earlier to 1.21 million vehicles, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said in a statement. This ...

Bloomberg Envoys from almost 200 nations agreed to step up the pace of their work on reining in global warming even without additional help from the world’s richest polluter. Two weeks of discussions organised by the United Nations concluded, after talks were delayed by a grammatical error in the draft text. The delegates, drawn from energy and environment ministries set ...

e Bloomberg French President Emmanuel Macron urged European Union leaders to work together to protect living standards and called for financial penalties for those who refuse to play ball. With 27 countries meeting in Gothenburg, Sweden, as Angela Merkel tries to broker a coalition agreement at home in Berlin, Macron said that some members have taken advantage of subsidies from ...

Colombo / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed ways of advancing bilateral relations with Sri Lanka at a meeting here on Saturday with the Sri Lankan Prime Minister Ranil Wickremesingh. The two sides reviewed issues of common interest and the latest regional and international developments of mutual concern. ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT), on Saturday welcomed the launch of airBaltic’s programme to operate direct flights between Riga, Latvia, and Abu Dhabi. As part of the initiative, four-weekly flights between the two cities will operate for five months until March 24, 2018, with the inaugural flight having landed in the ...

Abu Dhabi / WAM Louvre Abu Dhabi has welcomed 30,000 visitors, 227 artists and performers and numerous VIPs and official visits during its opening celebrations. The museum was opened to the public on November 11. “Welcoming thousands of visitors to Louvre Abu Dhabi during the opening week has been an honour,” said Manuel Rabate, Director of Louvre Abu Dhabi. “Walking ...

DUBAI / Emirates Business Emirates SkyCargo, the freight division of Emirates, has signed an MoU with Dubai CommerCity- the first free zone dedicated to e-commerce in the Middle East and North Africa region located in Dubai. The MoU was signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive Officer, Emirates airline and ...

Bloomberg Prime Minister Narendra Modi’s wriggle room to relax his deficit targets just got reduced by Moody’s Investors Service. The government was talking about easing its budget goals as sweeping policy changes hurt growth and revenue. Then Moody’s upgraded India’s sovereign rating to the highest since 1988, prompting a U-turn from the administration. “We’ll continue to maintain the glide path,” ...

Bloomberg Nissan Motor Co. is squeezing all it can from its US assembly plants and will need to build an entirely new factory if it keeps growing in the lucrative American auto market, a top executive said. “At some point, we may need it,” Jose Munoz, chairman of Nissan North America, said in an interview, referring to additional production capacity. ...