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  Beijing / Bloomberg The International Monetary Fund’s No. 2 official urged China to take immediate steps to tackle rising corporate debt or risk “dangerous detours” during the country’s transition to a consumption-oriented economy. “Corporate debt remains a serious — and growing — problem that must be addressed immediately and with a commitment to serious reforms,” David Lipton, the IMF’s ...

Bloomberg Treasuries logged their biggest two-week gain since February as traders wagered that the Federal Reserve will forgo raising interest rates for months to come. Benchmark yields sank to the lowest since 2013, driven by investors seeking shelter in government debt amid global growth concerns and the threat of instability when the U.K. votes June 23 on membership in the ...

  Bloomberg Investors are showing little appetite for repeating the rebellion against record-low government bond yields in Europe that peaked this time last year. As faith in central bankers’ ability to boost economic growth and revive inflation diminished, German 10-year bund yields slid to a record this week. The previous low set in April 2015 was followed by a spike ...

  Bloomberg The campaign for Britain to leave the European Union took a 10 percentage-point lead in a poll published late Friday, less than two weeks before the country votes in a referendum. The survey of 2,000 people by ORB for the Independent newspaper found 55% in favor of a so-called Brexit, up 4 points since a previous poll in ...

  DUBAI / Emirates Business Under the theme “Reimagining Realities”, Gitex Technology Week 2016, from October 16-20, will highlight how technology can transform businesses through cutting-edge showcases, international keynotes and dignitaries from around the globe in attendance. Robotics and drones will demonstrate how the supply chain is evolving at the upcoming Gitex Technology Week, the largest technology exchange and marketplace ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, reviewed the Dubai Pulse report, a detailed study on the performance of Dubai Plan 2021 since its launch. Speaking on the occasion, Sheikh Hamdan said, “Today, we reviewed the Dubai Pulse report which outlines the achievements ...

  ALKESH SHARMA / Emirates Business Economic diversification, through reducing dependence on oil revenues, is the only path to success in the UAE’s corporate ecosystem. Small and Medium Enterprises (SMEs) and start-ups, which are considered the backbone of any economy, could play a crucial role in facilitating this diversification. Buoyed by the great government and bank support, SMEs and start-ups ...

  Ritika SHARMA / Emirates Business UAE is home to thousands of expats from nearly 200 countries, who increasingly rely on cargo services to send their stuff homes. It involves transactions worth millions of dirhams every month. Treading an innovative business model, a leading cargo company here has introduced a stress-free option for customers to convert the huge billing amount ...

  Sunaina Rana / Emirates Business E-commerce has become one of the biggest business trends in the UAE, of which mobile commerce is an integral part. According to a recent study conducted by Criteo, mobile was the most preferred device for business during the Ramadan season, with a 44% rise in spending two weeks prior to Ramadan, to 49% by ...

  Washington / AFP Hillary Clinton savored history as the first woman to claim the US presidential nomination for a major party, taking stock before a bruising war for the White House against Donald Trump. Eight years after she was defeated by Barack Obama, Clinton declared a historic milestone for women on the biggest night of her more than three-decade ...