Masonry Layout

World diplomats in Paris to urge renewed Mideast peace talks

  PARIS / AP Fearing a new eruption of violence in the Middle East, more than 70 world diplomats gathered in Paris on Sunday to push for renewed peace talks that would lead to a Palestinian state. The conference is meant to be a forceful message to US President-elect Donald Trump and Israeli Prime Minister Benjamin Netanyahu that much of the ...

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India’s cash ban unlikely to mar Modi’s election chances

  Bloomberg Indian Prime Minister Narendra Modi’s disruptive cash ban is unlikely to damage his party’s performance in upcoming state polls. In fact, it might even help. Modi’s move to invalidate 86 percent of circulated currency in Asia’s third-largest economy forced millions of Indians into lengthy bank queues. It has also dented India’s world-beating growth as the country’s cash-dependent economy ...

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China’s clean air bid scares rivals in duel over dirty fuel

  Bloomberg China’s recent push to clean up its air is leaving some of its neighbours feeling threatened. The Asian country’s road to cleaner air has been gradual, with lead-free gasoline only becoming a requirement in 2000, almost three decades behind the US. This month, China imposed new curbs on the amount of sulfur in vehicle fuels to about a ...

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Swiss watchmaker biggies urge industry to slow down

  Bloomberg The people who make some of Switzerland’s most expensive watches have a word of advice for the rest of the industry: Slow down. That might help avoid a repeat of the last two years, when watchmakers had to cut jobs and repurchase inventory after their rush into the Chinese market hit a wall. As more than two dozen ...

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Takata to pay $1 billion, plead guilty in USA air bag probe

  Bloomberg Takata Corp. admitted to hiding the deadly risks of its exploding air bags for about 15 years in an agreement to pay US regulators, consumers and car manufacturers $1 billion in penalties. The faulty air bags have been linked to at least 17 deaths worldwide. The Tokyo-based manufacturer also agreed to plead guilty to one criminal charge. The ...

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German transport minister seeks recall of Fiat cars

  Bloomberg German Transport Minister Alexander Dobrindt, escalating a months-long feud with Italy over vehicle emissions, said the European Commission must ensure that Fiat Chrysler cars that break pollution rules are taken off the market, Bild am Sonntag reported. “The Italian authorities have known for several months that Fiat, in the opinion of our experts, uses illegal shut-off devices,” the ...

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‘UAE would not deviate from the path to serve humanity’

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, stressed the UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, would not deviate from the path and the firm approach to serve humanity. His Highness Sheikh Mohamed bin Zayed made ...

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FDI in Abu Dhabi hits AED95bn

  Abu Dhabi / WAM The growth of Foreign Direct Investments (FDIs) in the Emirate of Abu Dhabi in 2016 has hit 8% equaling AED 95.145 billion compared with AED 88.95 billion in 2015. The new figures came in the estimation of the annual report on Direct Foreign Investment in the Emirate of Abu Dhabi, issued by the Statistics Center – ...

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Abu Dhabi among world’s fastest growing destination city

  Abu Dhabi / Emirates Business Abu Dhabi has been ranked among the fastest-growing tourist destination in the world, and the fastest-growing destination in the Middle East, in a new report by financial services giant Mastercard. The Global Cities Index Report recognised the UAE capital’s compound annual growth rate of 19.81% in overnight visitors between 2009 and 2016, which places ...

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Trump ‘closeness’ to embolden Putin, weaken NATO pact, says UK

  Bloomberg The UK government is deeply concerned that Donald Trump’s closeness to Russia will give sway to Vladimir Putin in eastern Europe and weaken US ties with its traditional Western allies. The US President-elect caused alarm in London after saying he wants a warmer relationship with Russian President than the Obama administration had, according to two senior officials, who ...

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