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Bloomberg Sweden’s economy slowed at the start of the year as exports struggled to maintain momentum, dulling a housing-fueled investment and consumption boom in the largest Nordic economy. Gross domestic product grew 0.4 percent in the first quarter and expanded an annual 2.2 percent, Statistics Sweden said on Tuesday. Analysts surveyed by Bloomberg estimated growth of 0.9 percent and 2.9 ...

Dubai / WAM The 5th Nad Al Sheba Sports Tournament was launched by HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation, at the NAS Sports Complex, with the first two preliminary round matches of the volleyball competition held late in the day. “Unlimited Capabilities” is the theme of the 2017 ...

Abu Dhabi / Emirates Business The Department of Finance – Abu Dhabi (DoF) has announced that the ‘Al Maqta’a bidding hall’ processed 26 tenders for seven government entities in Abu Dhabi during the first quarter of 2017, worth over AED 5 billion. The capital and operational project tenders managed by Al Maqta’a during the first quarter of 2017, included service, ...

Sharjah / WAM Bee’ah, Sharjah’s pioneering environmental management company, has announced the launch of a new company, EvoTeq, and signed two new business agreements in its quest to deliver innovative tech-based solutions to combat pressing issues faced by the region. The signing ceremonies and announcements took place during Bee’ah’s participation in the SAP Innovation Day at the Al Jawaher Reception ...

Bloomberg North Korea conducted another ballistic missile test early Monday, drawing condemnation from South Korea and Japan just days after world leaders urged Kim Jong Un to abandon his nuclear weapons program. The missile, which appears to be a Scud variant, was fired at 5:39 a.m from Wonsan off North Korea’s east coast and flew 450 kilometers towards Japan, according ...

Bloomberg Shares and bonds of billionaire Anil Ambani’s Reliance Communications Ltd. tumbled, extending their declines from last week, amid mounting concerns about the Indian phone carrier’s debts. The stock plunged as much as 24 percent, hitting an intra-day record low of 19.70 rupees, in Mumbai trading on Monday and was the day’s worst performer on S&P BSE500 index. Shares of ...

Bloomberg Vietnamese Prime Minister Nguyen Xuan Phuc said he is confident economic growth this year will meet a government goal of 6.7 percent without adding to inflation, despite weak expansion last quarter. Vietnam is taking steps to bolster the economy as the nation seeks to retain its status as one of the world’s fastest-growing economies, the premier said in an ...

Bloomberg If the Swiss economic growth is still left in the shade by Germany this week, its central bank knows exactly why. Two-and-a-half years after suffering an exchange-rate shock that made its exports even more expensive, Switzerland has yet to rediscover its knack of outperforming neighboring Germany. While the two economies boast significant similarities, prompting the Swiss to dub their ...

Bloomberg A rise in US tariffs on Canadian softwood will help drive an increase in lumber exports to China and other Asian markets, Canada’s top trade official said. “There’s an enormous opportunity,” said Trade Minister Francois-Philippe Champagne in an interview in Singapore. “Diversification is the key, that’s why Canada has an ambitious trade agenda.” With other Canadian industries also bracing ...

Bloomberg On the less fashionable fringes of London, home sellers are quickly finding out just what the market can bear. Buyers fleeing the capital’s costly center turned peripheral boroughs into London’s hottest property markets. Now, more sellers in those areas are being forced to cut their prices after values quickly outstripped the spending power of the average buyer. The number ...