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US urged to spend more on education, employment and infrastructure

  Bloomberg Governments need to do more to create growth that benefits everyone, and the US should spend more on roads, highways, bridges and airports, the Organization for Economic Cooperation and Development said. The body, which includes the world’s better-off countries, said in a report that governments should focus on providing better access to high-quality education and supporting employment for ...

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Farmers slash corn planting as China’s stockpiles decay

  Bloomberg Farmer Zhang Qingjun said his cooperative in China’s northeast corn belt will slash this year’s planting of the crop by at least 40 percent when sowing starts next month because swollen government stockpiles of the grain have cut profits. “We can’t accept such low corn prices — you can barely make enough to feed the whole family,” Zhang ...

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India’s billionaire Adani aims to begin mining Australian coal in 2020

  Bloomberg India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, billionaire chairman of the Indian group said. Adani ...

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Shurooq launches eco-tourism project

  Sharjah / Emirates Business As part of its strategy to provide the region’s leading sustainable tourist destinations, the Sharjah Investment and Development Authority (Shurooq), has begun implementing the stunning Kalba Kingfisher Lodge, its latest ground-breaking eco-tourism project, in collaboration with the Sharjah Environment and Protected Areas Authority (EPAA). Shurooq said that the five-star hospitability project, featuring a tented camp ...

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UAE, Argentina discuss ways to enhance mutual cooperation

  BUENOS AIRES / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation met with Foreign Minister of Argentina, Susana Mabel Malcorra. Sheikh Abdullah was accorded an official reception upon his arrival at the venue. The national anthems of the UAE and Argentine were played, followed by an inspection of the Guard of Honour ...

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UAE’s economic devp accelerated with integrated local, federal capabilities: VP

  Dubai / WAM The economic development in the UAE accelerated with the integration of federal and local laws and regulations, along with the world-class infrastructure in the country, Vice President, Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has said. He added, this has established the foundations for a strong and diversified economy ...

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Inaugural happiness journey launched

  Dubai / WAM The nation-wide celebrations to mark the International Day of Happiness, which the National Happiness and Positivity Programme organised under the patronage of HH Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, kicked off on Saturday with the inaugural Happiness Journey at the Dubai Water Canal. In her opening ...

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GOP bill threatens to throw free-care burden on hospitals

  Bloomberg The Republican replacement for the Affordable Care Act revives an expensive problem for US hospitals: Who pays for the uninsured? Hospitals such as Tenet Healthcare Corp. and Community Health Systems Inc. have been on a roller-coaster since the inauguration of President Donald Trump, who said during his campaign that “everybody’s got to be covered.” The latest Republican bill ...

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Mining’s biggest loser Lonmin is burning cash to stay alive

  Bloomberg For most of the mining industry, 2017 is turning out to be another good year. The big exception is Lonmin Plc. Investors are losing confidence in the world’s third-largest platinum producer as it burns through cash to stay afloat, just 15 months after raising about $400 million from shareholders. Platinum prices aren’t far from a seven-year low and ...

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China home price rises gain speed, defy purchase curbs

  Bloomberg China home prices rose last month in more cities despite increased restrictions on property transactions by local authorities. New home prices, excluding subsidized housing, gained in February in 56 out of 70 cities tracked by the government, compared with 45 in January, the National Bureau of Statistics said Saturday. Prices climbed in 67 out of 70 cities from ...

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