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ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, affirmed that there is a “high probability” of achieving balance in the oil market by the end of 2019. “The Joint Ministerial Monitoring Committee (JMMC) in Jeddah next month will look into the prevailing market conditions and decide to continue the output cut deal ...

As the German economy reverts to a slow and steady growth trend after a short-lived boom, it can rely on an unusual resource that helps to protect it from declines: A bigger low-paid workforce than even most economists realise. Last week, Markus Grabka and Carsten Schroeder of the German Institute for Economic Research in Berlin reported on this phenomenon. They ...

Heading into an election, India’s enthusiasm for cars and motorbikes has all but evaporated. It’s unlikely to return anytime soon, despite all the grand promises to improve the lives of masses. Passenger car sales, which have been sliding since last summer, fell another 6 percent last month while those for motorbikes – the larger and more profitable market – collapsed ...

It could have all been so different. Debenhams Plc, is expected to be taken over by its lenders in a restructuring after they rejected a 200 million-pound ($261.6 million) lifeline from Sports Direct International Plc. The equity, including the 30 percent stake held by the sportswear retailer, will be wiped out. The shares were suspended early on Tuesday. After operating ...

Donald Trump isn’t shy about using trade as a weapon to get what he wants. He has slapped tariffs on $250 billion of Chinese goods as he tries to deliver what he claims will be an “epic” trade deal for the American people. Now he’s using a similar playbook against Europe, just as it prepares to start trade talks with ...

When I use Google Maps, it gives me several options, but I usually take the one it highlights without thinking too much about it. Do energy and climate road maps work the same way? Some 60-odd signatories representing a swath of investment funds, scientific institutions, and think tanks suggest they do, in a recent letter to Fatih Birol, executive director ...

Activist investor Dan Loeb is having a second crack at Sony Corp. His Third Point LLC is building a stake in the Japanese electronics and entertainment conglomerate, with a view to pushing for change, Reuters reported, citing sources it didn’t name. Shareholders loved the news, driving the company’s Tokyo shares up as much as 7.4 percent on April 9 after ...

File this under “unintended consequences.” The anti-diesel campaign that followed the 2016 discovery that Volkswagen AG used software cheats to understate its cars’ nitrogen oxide emissions has led to a rise in carbon dioxide, which has a greater impact on the climate. In 2017, CO2 emissions from new cars were higher than the previous year for the first time since ...

ABU DHABI / WAM The CEO of NATIXIS, a global Asset Management Company with $1,008 billion in assets under its management, described the UAE as an “attractive” investment haven. “The UAE for us is an attractive place, no doubt. It is classified as an emerging market. You have stability and you have a long term view of economic development,” Jean ...

Abu Dhabi / WAM Aldar Properties PJSC (Aldar) announced the launch of its latest waterfront development, Lea – located on the northern shores of Yas Island. Offering land plots starting at AED 990,000 and sizes ranging from 405 square metres – 1,800 sqm, and available for purchase by all nationalities, sales will commence at Cityscape Abu Dhabi, running from April ...