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  Bloomberg In an economic crisis that has led to a shortage of medicines, Egyptians are skipping trips to drug stores and instead turning to herbal remedies to treat every-day illnesses. In the Cairo working class neighbourhood of Basateen, dozens can be seen lining up outside a decades-old herbal spice shop with pyramid-shaped stacks of jars on display, filled with ...

  Bloomberg Potential delays looming over three major US natural gas pipeline projects are threatening to sour a popular wager on the fuel. Gas for delivery in April 2018 is trading at a steep discount to the March contract, signaling that traders anticipate ample supplies at the end of next winter. The spread, known as the “widow maker” for its ...

  Bloomberg Generating power in the UK by harnessing the ebb and flow of tidal lagoons may be significantly cheaper than building new nuclear electricity plants or offshore wind farms, according to a government-backed review. Tidal lagoons, such as the 1.3 billion-pound ($1.6 billion) pilot project planned in Swansea Bay off the coast of South Wales, would likely cost “well-below” ...

  Bloomberg India’s richest man isn’t done yet. After plowing $25 billion into starting a national fourth-generation mobile network, billionaire Mukesh Ambani is spending more to boost coverage amid complaints from its largest rival that his free services are hurting competition. Reliance Jio Infocomm Ltd., a closely held unit of Ambani’s Reliance Industries Ltd., plans to raise 300 billion rupees ...

  Bloomberg Iron ore has carried last year’s bullish momentum into the start of 2017, with prices rallying to a two-year high amid speculation that China’s demand for overseas ore will hold up even as the world’s largest miners bring on new capacity. Ore with 62 percent content in Qingdao in China climbed 3.9 percent to $83.65 a dry metric ...

  Bloomberg Dalian Wanda Group Co.’s revenue fell for the first time in at least 11 years after a slump in its property business outweighed growth from entertainment operations at billionaire Wang Jianlin’s conglomerate. Sales, which includes property-contracted sales, declined 14 percent in 2016 from a year earlier, according to a Wanda statement, more than a January 2016 forecast of ...

  Bloomberg Amid the carnage on Wall Street in 2008, as Bank of America Corp. was trying to forge its rushed merger with Merrill Lynch & Co., Natarajan Chandrasekaran boarded a plane for New York to try to reassure the two financial behemoths that an Indian IT company could make the systems of their strikingly different cultures work together. Chandrasekaran, ...

  SEOUL / AP A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country’s most valuable company after a spate of recalls last year. Lee faces allegations he offered $36 million in bribes to a friend of President Park Geun-hye, who ...

  Bloomberg Indian dollar-denominated bond sales are set to accelerate in 2017 as mergers and acquisitions and the cheapest borrowing costs in more than two years drive issuance. That’s a contrast to 2016 when sales of US currency notes by local borrowers fell to a six-year low as higher US interest rates and a slump in the rupee to a ...

  HONG KONG / AP A group led by Hong Kong billionaire tycoon Li Ka-shing’s infrastructure business said on Monday it is buying Australian energy company Duet in a multibillion dollar deal. Cheung Kong Infrastructure Holdings Ltd. and Li’s property and power utility companies are proposing to buy Duet Group for 3 Australian dollars a share, in an acquisition worth ...