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  Bloomberg India’s dominant services sector is set to contract for a second straight month, adding to evidence that Prime Minister Narendra Modi’s surprise ban on cash will trigger a sharp slowdown in Asia’s No. 3 economy. The Nikkei India Services Purchasing Managers’ Index was at 46.8 in December, a report showed on Wednesday, little changed from 46.7 a month ...

  BEIJING / AP Other investors are wary of Brazil, but when Duke Energy wanted to sell 10 hydroelectric dams there, a Chinese utility shrugged off the country’s economic turmoil and paid $1.2 billion to add them to an energy empire that stretches from Malaysia to Germany to the Amazon. State-owned China Three Gorges Group is spending heavily to buy ...

  Bloomberg Euro-area inflation accelerated in December at the fastest pace since 2013, suggesting that a debate about the appropriate degree of European Central Bank stimulus is about to gather momentum. Consumer prices rose 1.1 percent from a year earlier, following a 0.6 percent gain in November, the European Union’s statistics office in Luxembourg said on Wednesday. That’s above a ...

  Bloomberg Tesla Motors Inc. reported fourth-quarter deliveries that fell short of its own forecasts, sending shares lower in after-market trading, as production delays continue to plague the carmaker led by Chief Executive Officer Elon Musk. The Palo Alto, California-based maker of electric cars and energy-storage products delivered about 22,200 vehicles in the final three months of last year, according ...

  Sharjah / Emirates Business His Highness Sheikh Sultan bin Mohammed Al Qasimi, member of the Federal Supreme Council and Ruler of Sharjah, approved a budget of AED 22 billion for 2017, the largest in the emirate’s history. The total amount is a 3% increase from 2016’s budget and focuses on several strategic objectives and indicators within the economic, social, ...

  Dubai / WAM Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has dedicated his Accession Day, January 4th, to the launching of the UAE Food Bank, a non-profit charitable organisation committed to distributing food to those in need while eliminating food waste. The UAE Food Bank will collaborate with local authorities as ...

  Abu Dhabi / Emirates Business Abu Dhabi enjoyed an extremely busy New Year’s period with the emirate’s diverse programme of multiple leisure activities, hotel and dining promotions, music concerts, cultural festivals and entertainment events that were held during December, proving extremely popular with both residents and visitors. As 2016 came to an end, and the emirate welcoming in the ...

  Dubai / Emirates Business Dubai Trade, the single window for cross-border trade and a DP World company, celebrated the graduation of more than 270 trainees in its certified training programmes. The Certified Trade & Logistics Professional (CTLP) programme available in English and Arabic is offered to professionals working in different sectors in the trade and supply chain such as ...

  WASHINGTON / AP Members of the 115th Congress were expected to be sworn in at noon Tuesday, setting off an aggressive campaign by Republicans who control the House and Senate to dismantle eight years of President Barack Obama’s Democratic policies. The first and biggest target is Obama’s health care law, which Republicans have long sought to gut and blamed ...

  BEIRUT / ap Syrian government forces pressed ahead with their offensive in the water-rich Barada Valley northwest of Damascus on Tuesday as 10 rebel groups said they were suspending talks about planned peace negotiations because of what they describe as ongoing government violations of a cease-fire deal. The cease-fire, brokered by Russia and Turkey, is meant to be followed ...