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Bloomberg China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 percent in housing prices could cause 4 percent of total loans worth 4.1 trillion yuan ($615 billion) to sour, according to DBS Vickers Hong Kong Ltd. Commerzbank AG said such a drop could ...

Londres / AFP British business leaders on Saturday urged the government to rule out a hard break with the European Union, saying the uncertainty over the terms of Brexit was impacting investment decisions. “What we would like is the ruling out of the really worst options,” Carolyn Fairbairn, the director general of CBI, Britain’s biggest business lobby group, told BBC ...

Bloomberg Energy developers in Argentina won contracts to sell 1,109 megawatts of renewable electricity in a government-organized auction, after the nation implemented reforms aimed at promoting wider use of clean power. Wind-power companies including Envision and Pampa Energia agreed to provide 708 megawatts of capacity, Renewable Energy Undersecretary Sebastian Kind said at an event Friday in Buenos Aires. Solar developers ...

  Washington / AFP US officials formally accused the Russian government of trying to “interfere” with the American presidential election, and vowed to respond at an undisclosed time and place. The assertion against Russia comes with relations already frayed over NATO defenses and stalled efforts to end the bloody civil war in Syria. A joint statement from the Department of ...

  Sharjah / Emirates Business Sharjah International Book Fair (SIBF) — an annual event organised by Sharjah Book Authority (SBA) — is a shining lodestone for Arab and global culture, successfully bringing together millions of book titles and tens of thousands of visitors, exhibitors and publishers under its umbrella. This year, celebrating its 35th anniversary, SIBF continues to expand its ...

  DUBAI / Emirates Business Business defence and cyber security specialists Applied Intelligence, part of the global technology and defence group BAE Systems, will host a forum dedicated to revealing the latest threats affecting the fin-tech sector, focusing upon corporate compliance and anti-money laundering (AML) strategies. Set to take place on October 10, the forum brings together local and global ...

  Seoul / WAM Dubai Holding on Thursday launched the SmartCity concept in Seoul which combines the UAE’s experience in managing smart cities with South Korea’s tremendous technological advancements. The project will cover an area of 51 million sq ft, and will be strategically located between the two metropolitan cities of Seoul and Incheon, close to two international airports. The project ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received President Mahamadou Issoufou of Niger on Thursday. During their meeting, Sheikh Mohammed praised UAE-Niger ties as ‘good’, emphasising the commitment of the countries’ leaders to advance economic and political relations to new heights of co-operation. Niger’s President Mahamadou ...

  Dubai / WAM Dubai will launch the US$27 billion Green Energy Fund to support local, national and international projects, according to the Third Dubai Declaration issued at the conclusion of the World Green Economy Summit (WGES) on Thursday. The third edition of the WGES, organised under the theme of “Driving Global Green Economy”, gathered more than 80 prominent speakers from ...

  Bloomberg German Chancellor Angela Merkel signalled a growing reluctance to grant any special trade relations to the U.K. once it leaves the European Union, saying that allowing exemptions to EU rules on migration would lead to a free-for-all across the bloc. Merkel’s comments to Germany’s BDI industry lobby in Berlin on Thursday are a further indication that the U.K. ...