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Bloomberg India is adding the least amount of coal-fired power in more than a decade as tepid demand from indebted state retailers fails to utilise the nation’s existing generation capacity. Coal-fired capacity, which accounts for more than three quarters of the nation’s electricity, rose by 809 megawatts during the April-November period, according to Bloomberg calculations based on the latest available ...

Bloomberg As automakers seal their first annual US sales decline since 2009, expectations for more interest-rate hikes are bolstering the nearly unanimous view that car demand will shrink again in 2018. Few analysts anticipate sales this year will reach 17 million vehicles, which was just achieved for a third-straight year and only the fifth time in history. The Federal Reserve ...

Bloomberg Maserati North America Inc. is recalling more than 1,000 of its newest luxury cars to fix leaky fuel pipes that increase the potential for an engine fire. The 2018 Ghibli and Quattroporte sedans—with prices starting at $73,050 and $105,600, respectively—have a faulty fuel delivery pipe in the engine compartment that may leak gasoline, the company said. The cars haven’t ...

Bloomberg Euro-area manufacturing growth accelerated to a record in December 2017, capping a solid year for factories which is now eating into production capacity. With export demand strengthening, IHS Markit’s monthly report on manufacturing showed both new orders and output were the strongest in 17 years. Germany’s gauge rose to a record and France improved. Global growth also got a ...

Bloomberg Protests that have roiled Iran over the past five days will die down in a few days, according to a senior Iranian official, as authorities said hundreds of those involved in the unrest have been detained. The demonstrations broke out last week, starting in the holy city of Mashhad and spreading to other parts of the country, including the ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met over a lunch banquet in Dubai marking the advent of the new year, ...

Astana / WAM The Ministry of Defence of Kazakhstan honoured Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to Kazakhstan. Talgat Mukhtarov, Deputy Minister of Defence of Kazakhstan, honoured Ambassador Al Jaber by giving him the Medal of Contribution to Strengthening International Co-operation for his ongoing efforts to develop and strengthen the overall co-operation between their two countries, especially ...

Abu Dhabi / Emirates Business Etihad Airport Services (EAS) Ground, a division of Etihad Aviation Group, has announced several key UAE National appointments within a new structure that lays the foundation for the coming years. The internal appointments are all based at Abu Dhabi Airport and will involve critical transitional duties as EAS Ground moves across to the Midfield Terminal ...

Abu Dhabi / WAM The UAE, represented by the Emirates Red Crescent (ER), has intensified its humanitarian giving campaign in Yemen during 2017, by contributing to the development of the country’s six primary sectors: education, health, security, relief, infrastructure and housing, after the wave destruction inflicted by the Iran- backed Houthi militias on the nation’s economy. Receiving widespread local and ...

Bloomberg Huawei Technologies Co. warned of its slowest revenue growth since 2013, despite making headway against Apple Inc. in global smartphones. Revenue at China’s biggest telecommunications gear maker probably rose 15 percent to $92 billion in 2017, rotating Chief Executive Officer Ken Hu said in a letter to staff posted on the company’s verified WeChat account. That’s down from 2016 ...