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  Bloomberg The United Arab Emirates forecasts that savings generated by switching half its power needs to clean energy by mid century will outstrip the investment costs. The Gulf state plans to invest $150 billion in renewable power by 2050, weening the country from dependency on subsidized natural gas power in stages, Minister of Energy Suhail Al-Mazrouei said at a ...

  Bloomberg National Bank of Abu Dhabi PJSC is selling $587 million in a class of debt used to fund environmental projects, the first issue of green bonds from a region where governments are looking to curb dependence on oil as an energy source. The state-owned lender is offering the five-year securities at 98 basis points over the mid-swap rate, ...

  SANAA / AP Yemeni security officials say a suicide bomber likely from al-Qaida has attacked a government building in the southern Lahj province, killing five soldiers and wounding ten, including civilians. They say the Monday attack in the provincial capital, al-Houta, could have been worse, but that guards managed to shoot the attacker before he drove his explosives-laden vehicle ...

  Bloomberg The worst cyclone in six years is set to smash into the coast of Queensland on Tuesday morning, forcing thousands of Australians to evacuate or seek emergency shelter and prompting some of the world’s biggest miners to halt coal operations. Cyclone Debbie is forecast to intensify before it makes landfall north of the city of Mackay with winds ...

  GENEVA / AP Swiss and Turkish prosecutors announced separate investigations on Monday after protesters hoisted a banner in Switzerland’s capital showing a gun pointed at an image of Turkish President Recep Tayyip Erdogan next to the words, “Kill Erdogan.” Bern regional prosecutors opened a probe for alleged “public provocation of crimes or violence,” Bern police spokesman Dominik Jaeggi said. ...

  Donald Trump boasts that he has been an economic genius, creating jobs, cutting $12 billion off the national debt and overseeing a soaring stock market in just his first two months. These claims are largely phony. He may need braggadocio, though, because on the economy he has been dealt a bad hand politically. This problem is likely to be ...

  How to command a premium for mediocrity? If that question is posed to Postal Savings Bank of China Co., which counts almost half the people in the world’s most-populous nation as its customers, the answer may well be ‘superior tax planning.’ The Hong Kong-listed Chinese lender enjoys an 8 percent to 26 percent valuation premium over the four largest ...

  Secretary of Defense James Mattis and Joint Chiefs of Staff Chairman Joseph Dunford found something constructive to tell senators on an appropriations subcommittee this week, even if it had nothing to do with the Pentagon budget. The two men challenged lawmakers to finally provide a legal basis for the U.S. war against terrorist groups. It’s something that President Barack ...

  Iraqi and coalition forces launched the operation to liberate western Mosul, the most populated urban areas, from IS extremists on February 19. Since then the Iraqi forces have wrested back a series of neighbourhoods. Troops have also retaken the city’s airport, a sprawling military complex, the main government compound. The offensive is being waged from three directions advancing along ...

  The Socialist candidate for the French presidency, Benoit Hamon, says he doesn’t believe in the ‘myth’ and “quasi-religion” of growth– it’s part of the “consumerist, productivist and materialist model” of development, he argues. That’s outside the economic mainstream, and many see those views as a symptom of the meltdown of the global left. But the just-released Global Happiness Report ...