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Tokyo / AFP Prime Minister Shinzo Abe on Thursday said Japan “cannot do without” nuclear power, speaking on the eve of the fifth anniversary of the devastating Fukushima disaster. On March 11, 2011, a magnitude 9.0 undersea earthquake off Japan’s northeastern coast sparked a massive tsunami that swept ashore leaving about 18,500 people dead or missing. The wall of water ...

DHAKA / AFP The Bangladesh central bank says it is working to recover some $100 million allegedly stolen by Chinese hackers from an account at the Federal Reserve Bank of New York. Authorities have given few details about how the money disappeared. But Finance Minister A.M.A. Muhith says authorities are considering suing the U.S. bank over the money’s apparent transfer ...

New Delhi / Bloomberg Infosys Ltd., India’s second-lagest software exporter, dropped the most in almost two weeks after two of its founders and others sold shares for “personal reasons” and philanthropy. S. Gopalakrishnan sold 5 million shares in the open market, while S.D. Shibulal and his family members sold 2.5 million shares at an average price of 1,149.45 apiece, helping ...

ALKESH SHARMA / Emirates Business Dubai’s Demand Side Management Strategy has initiated strenuous efforts towards achieving its aim of reducing the Emirate’s energy, electricity and water consumption by upto 30 to 40 percent by 2030. One of the critical pillars of this strategy ‘Outdoor Lighting Program’ is all set to host its much-awaited annual event ‘Outdoor Lighting Projects UAE’ event ...

Dubai / Emirates Business Makers of luxury superyachts must change the way they do business in order to survive in today’s challenging economic environment, according to Gulf Craft CEO Erwin Bamps. Speaking on the sidelines of the Dubai International Boat Show (DIBS), Bamps said superyacht businesses must redirect their focus from one that is product oriented and focused on acquiring ...

ABU DHABI / Emirates Business Abu Dhabi Airports has announced that it has signed a memorandum of understanding with Aéroports de Paris (ADP) linking Al Bateen Executive Airport with Le Bourget Airport. The MoU was signed by Abdul Majeed Al Khoori, Chief Financial Officer of Abu Dhabi Airports and Isabelle Dreysse, Deputy Managing Director of Paris-Le Bourget, during Abu Dhabi ...

Ritika Sharma / Emirates Business The advent of on-demand, Internet Protocol Television (IPTV) and over-the-top (OTT) viewing trends is spurring the global TV industry into exciting times, according to experts. As TV moves away from its image of a ‘second-class medium’, experts at the ongoing CABSAT 2016 highlight the huge budgets and impressive productions and call the present time one ...

Dubai / Emirates Business As the automotive aftermarket in the Middle East and Africa posts impressive growth rates, international auto aftermarket players are keen to be a part of this growth by increasing their footprint across the region. This can be gauged by the influx of international manufacturers and suppliers of aftermarket products and equipment to Automechanika Dubai 2016 – ...

Bloomberg The Kremlin is putting “unprecedented” pressure on opposition activists as President Vladimir Putin prepares for his toughest electoral test amid Russia’s longest recession in two decades, according to his former prime minister. “The authorities understand that 2016 will be decisive because the economic and political situation is acute,” Mikhail Kasyanov, who was premier from 2000 to 2004 and is ...

Moscow / AFP Armed men attacked the office of a prominent human rights organisation in the volatile Russian region of Ingushetia, the group said on Thursday, hours after an assault on journalists in the same area sparked international outrage. Footage of the attack posted on Twitter by Dmitry Utukin, a lawyer for the Committee to Prevent Torture, appeared to show ...