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  Dubai / WAM The 18th edition of Water, Energy, Technology, and Environment Exhibition (WETEX) 2016, will be the largest exhibition so far in terms of display area, number of exhibitors, and anticipated number of visitors, according to a top official. “This year, WETEX is expected to attract 1,900 exhibitors from 46 countries around the world, compared with 1,696 exhibitors last ...

  Liverpool / AFP Distracted by a bitter leadership contest, Britain’s main opposition Labour party has struggled to present a vision of Brexit to challenge the ruling Conservatives— and many fear the re-election of Jeremy Corbyn will do little to change this. There are concerns the lack of an alternative could result in a “hard Brexit”, where Britain agrees to ...

  Sao Paulo / AFP Brazilian police on Monday arrested Antonio Palocci, a former finance minister and senior figure in the last two governments, as part of the Petrobras corruption probe, news reports said. Police said only that a former minister was arrested. The state-run Agencia Brasil and other news outlets identified the person as Palocci, 55, who served as ...

  Bloomberg Lanxess AG agreed to buy U.S. competitor Chemtura Corp. for about $2.1 billion in cash, more than doubling the size of its additives business and accelerating a shift towards specialty chemicals. Shareholders of the maker of lubricant additives and flame retardants will get $33.50 a share under the terms of deal, Cologne, Germany-based Lanxess said in a statement ...

  Frankfurt / AFP German business confidence soared to its highest level in more than two years in September, the Ifo economic institute said on Monday, recovering from a post-Brexit slump and signalling a rosier outlook for Europe’s largest economy. The closely-watched index unexpectedly jumped to 109.5 points from 106.3 points in August to reach its highest reading since May ...

  Bloomberg Traders are growing increasingly pessimistic about Mexico’s ability to stave off a credit-rating downgrade. It costs 0.23 percentage point more to insure Mexico’s bonds against nonpayment than debt from lower-rated Panama, based on trading in credit-default swaps. That’s the most in six years. Mexico is also more costly to protect against default than Peru, which shares the same ...

  As President Vladimir Putin further tightens his grip on power after dubious elections that gave his party an absolute majority, Russia is sliding into protracted stagnation. The Economics Ministry has adjusted downward its forecast through 2019 and Russia is now expected to underperform the global economy even more than previously anticipated. That is the background against which Putin’s continued ...

  The U.S. is still fighting a war in Afghanistan and has troops in Iraq, the Iranian nuclear deal remains controversial, the Islamic State is weakened but continues to be threatening, North Korea is launching missiles, Russia flaunts international norms and China has expansionary designs. It’s a dangerous world. Yet in the U.S. presidential election the foreign policy debate chiefly ...

  The movement to pardon NSA leaker Edward Snowden is picking up momentum, with human-rights groups, editorial boards, the Libertarian candidate for president and some former intelligence officers hopping on board. Even Eric Holder, the former attorney general, has said Snowden performed a “public service.” But to show leniency for the man now enjoying Vladimir Putin’s hospitality in Moscow would ...

  The non-oil tourism sector is one of the key cornerstones of the UAE’s economic diversification plan. And the country is giving the much-needed impetus to the segment. The Dubai Opera, Guggenheim and Louvre Museums in Abu Dhabi, Warner Bros. theme park in Yas Island and Dubai’s Mohammed bin Rashid City District One are the latest projects in the list ...