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  Bloomberg Buying your sweetheart a box of Valentine’s Day chocolates could be cheaper this year thanks to booming cocoa supplies. Growers are collecting bigger harvests in Latin America and in West Africa, which accounts for about 70 percent of global production. The output gains have pushed cocoa futures to the lowest since 2008, cutting costs for companies including Mondelez ...

  Bloomberg The election of Donald Trump in the US and the UK’s decision to leave the European Union are heightening economic risk in the euro area, the European Commission said, as it predicted growth would slow this year. In its first set of economic forecasts compiled since Trump’s victory and with the British government gearing up to officially trigger ...

  Bloomberg Toyota Motor Corp. recently ceded its title as the world’s best-selling automaker to arch-rival Volkswagen AG. Yet the Japanese company’s biggest adversary this year may be US President Donald Trump. Japan’s largest automaker expects profit to fall to 1.7 trillion yen ($15.1 billion) for the fiscal year ending next month, about a quarter less than the previous annual ...

  Dubai / WAM A number of Arab Ministers of Finance, governors of central banks, presidents of financial institutions, and senior officials and experts from regional and international financial organisations are attending the second Arab Fiscal Forum, which opened in Dubai yesterday. This year’s forum is being held under the theme, Revenue diversification: outlook and challenges. The event provides a platform ...

  Dubai / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, separately received Macky Sall, President of Senegal, and Kentaro Sonoura, Parliamentary Vice-Minister for Foreign Affairs of Japan, in Dubai on Sunday, as part of the World Government Summit. He welcomed both delegates and wished them ...

  Chisinau / Emirates Business Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, recently met Moldovan Prime Minister Pavel Filip as part of an extended high-level Emirati visit to Moldova. Representatives from the government and the private sector, investors, and entrepreneurs invited to attend the UAE-Moldova Business Forum were also present during the meeting set to discuss potential collaborative ...

  North Korea / AP North Korea appeared to fire a ballistic missile early Sunday in what would be its first such test of the year and an implicit challenge to President Donald Trump, who stood with the Japanese leader as Shinzo Abe called the move “intolerable.” There was no immediate confirmation from the North, which had recently warned it ...

  Bloomberg The chief executives of 18 automakers asked President Donald Trump to reinstate a US Environmental Protection Agency review of fuel efficiency regulations through 2025 that they say was unfairly cut short during the final days of the Obama administration. In a February 10 letter, executives including Mary Barra of General Motors Co., Ford Motor Co.’s Mark Fields and ...

  Bloomberg Investors buying into Snap Inc.’s much-anticipated initial public offering won’t have any say on how much the company pays its executives. Snap will not be subject to the say-on-pay provisions of the Dodd-Frank Act, the company said in an updated deal prospectus. The act was put in place after the 2008 financial crisis to help investors throttle outsized ...

  Bloomberg India’s politicians are promising everything from smartphones to pressure cookers in a free-for-all that could signal the start of a spending spree in the country’s hinterland. In Uttar Pradesh, a state of 200 million people voted in legislative elections on Saturday, parties including Prime Minister Narendra Modi’s Bharatiya Janata Party offered a range of freebies — which have ...