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Bloomberg Petroleo Brasileiro SA secured a $10 billion loan from the China Development Bank as the beleaguered state-owned oil producer endures the worst crude market in a generation and faces more than double that amount in maturities over the next two years. The lifeline is part of a deal to supply crude to the Asian country, Rio de Janeiro-based Petrobras ...

Tokyo / AFP Japan has posted its first factory output expansion in three months, official data showed, offering some rare good news after a string of weak figures threw cold water on recovery hopes. The upbeat figures — a 3.7 percent rise on-month in January — comes as investors look for clues about the state of the world’s number three ...

Abu Dhabi / wam The UAE’s newly-reshuffled Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met on Sunday for the first time and discussed government-related issues. His Highness Sheikh Mohammed bin Rashid said the UAE Government, under the leadership of His Highness Sheikh Khalifa ...

LONDON / Bloomberg Two of the leading U.K. government ministers campaigning for an exit from the European Union played up the prospects for Britain if it votes to leave the bloc, rejecting warnings from Prime Minister David Cameron and Chancellor of the Exchequer George Osborne. “Britain is a great country, the people here are inventive, innovative, and they will find ...

Frankfurt / AFP As Germany’s banking capital, Frankfurt has long established itself as one of Europe’s leading financial hubs. But the city, which has a rather staid and strait-laced image, is now vying with hipper and trendier centres around Europe to woo financial start-ups known as FinTechs which want to revolutionise the way the world of money does business. FinTechs ...

Bloomberg Hillary Clinton scored a dominating victory over Bernie Sanders in South Carolina’s Democratic primary with the overwhelming support of black voters, helping solidify her path to the party’s nomination heading into Tuesday’s 11-state round of contests that represent the biggest prize of the 2016 primary campaign. “Tomorrow, this campaign goes national,’’ Clinton said in her victory speech in Columbia. ...

Athens / AFP Some 6,500 people were stuck at the Idomeni camp on Greece’s northern border with Macedonia after four Balkan countries announced a daily cap on migrant arrivals. The build-up began in earnest last week after Macedonia started refusing entry to Afghans and imposed stricter document controls on Syrians and Iraqis, slowing the passage of migrants and refugees to ...

Damascus / AFP Key players in Syria’s war traded accusations on Sunday over violations of the first major ceasefire in the five-year conflict, but the truce remained largely intact on its second day. Aid groups hope to use the lull in fighting that has claimed 270,000 lives and displaced more than half the population to deliver desperately needed supplies. A ...

ALKESH SHARMA / Emirates Business Female entrepreneurs considerably identify importance of business networks to build contacts, gain resources and reduce isolation prior to business plan validation while 5,200 new jobs have been created by the women-led businesses the Cartier Women’s Initiative Awards have supported in the last few years. These morale-boosting findings were put on table by the Abu Dhabi-based ...

Sunaina Rana / emirates business IFFA 2016 — the leading international trade fair organised by Messe Frankfurt and Texcare International in Dubai — expects a solid representation from Middle East trade buyers and decision makers. The event will focus on the meat processing and textile industries. IFFA is a premier platform for the entities of the meat sector to share ...