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CARACAS / Bloomberg Venezuela boosted gasoline prices for the first time in almost two decades and devalued its currency as President Nicolas Maduro attempts to address triple-digit inflation and the economy’s deepest recession in over a decade. The primary exchange rate used for essential imports, such as food and medicine, will weaken to 10 bolivars per dollar from 6.3, Maduro ...

RAS AL KHAIMAH / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, offered his condolences to the family of the martyr Abdullah Juma Hassan Al Shamsi, who died in the line of duty while taking part in Arab coalition’s ‘Operation Restoring Hope’, to support the ...

Bloomberg Ukraine headed for a standoff between its two most powerful politicians after Prime Minister Arseniy Yatsenyuk defied President Petro Poroshenko’s call for his resignation and defeated a no-confidence motion in parliament. The result threatens to conserve political gridlock that’s jeopardizing the economy and billions of dollars of foreign aid. The motion to remove Yatsenyuk can’t be repeated during the ...

Bloomberg There’s only one major group of combatants in the Syrian war that’s backed by both Russia and the US—and now Turkey is attacking it. For a fourth day on Tuesday, Turkey unleashed its 155- millimeter heavy guns across the border with Syria. The targets were Kurdish forces, whose recent advance is a key part of the Russian plan to ...

Bloomberg A twin bombing that killed 58 people at a camp in a northeastern Nigerian town last week underlies the destructive capacity of extremist militant group Boko Haram two months after President Muhammadu Buhari said they had been defeated. The camp at Dikwa stands in a town where shops and homes have been deserted by residents who fled Boko Haram’s ...

ALKESH SHARMA / Emirates Business Amid climate uncertainties and an ecosystem where soil character changes after every 100-mile, agriculture systems need to adapt to deal with the significant shifts. Here comes the role of GIS (geographic information system) technology that is contributing to enhance farming efficiency and raising yield. It is also helping agriculturists plan the right crops. GIS is ...

Tokyo / Bloomberg With Japan’s economy shrinking, the stock market in turmoil, and a stronger yen threatening export earnings, Prime Minister Shinzo Abe’scalculus on whether to call a snap general election this summer has suddenly grown more complicated. Another win in the lower chamber along with an expected victory in the upper house vote set for the summer could allow ...

Singapore / AFP Airbus and Boeing announced billion-dollar deals at Asia’s largest airshow in Singapore on Wednesday, underscoring the region’s role as a driver of industry growth despite greater caution among plane buyers. Europe’s Airbus said it had won an $1.85 billion deal for the purchase of six A350-900s by Philippine Airlines (PAL), the flag carrier of one of Asia’s ...

Brussels / Bloomberg Prime Minister David Cameron edged closer to securing an overhaul of the terms of Britain’s membership of the European Union, as fellow leaders signaled they were ready to help him get a deal at this week’s EU summit. With Cameron due in Brussels on Thursday for the second time in 48 hours, he won the backing of ...

Yangon / Bloomberg The European Union’s regulatory arm proposed more oversight of natural-gas contracts with Russia and other external suppliers as a part of a wider plan to boost energy security. The European Commission is also seeking closer regional cooperation among the EU’s 28 nations to prevent supply disruptions, under its winter gas package presented in Brussels on Tuesday. The ...