Tanzanian rats to help fight wildlife smuggling in Africa

  JOHANNESBURG / AP The pangolin, a scaly anteater coveted by poachers, might have a new champion: rats that will be trained to sniff out trafficked pangolin parts in shipments heading from Africa to Asia. A pilot project to turn African giant pouched rats into conservationist sleuths is literally in its infancy — the 10 to 15 rodents being reared ...

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World’s first Government Accelerators launched

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the world’s first government accelerators on Sunday. The first group of government accelerators will focus on five ministries: the Ministry of Interior, Ministry of Economy, Ministry of Human Resources and Emiratisation, Ministry of Climate Change and ...

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ADT handles record 5mn containers at Khalifa Port

  ABU DHABI / WAM Abu Dhabi Terminals (ADT) set a new record by handling 5 million containers, representing a milestone for Khalifa Port Container Terminal (KPCT). The record was achieved while serving the CMA CGM, a vessel belonging to ADT’s long-time customer CMA CGM Pegasus. The new throughput milestone follows terminal operator ADT’s success in the first half of ...

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UBF board reviews latest banking sector developments

  Dubai / WAM The Board of Directors of the UAE Banks Federation (UBF) met on Sunday in Dubai to review the latest developments in the banking sector. Presided over by Abdul Aziz Al Ghurair, Chairman of UBF, the meeting discussed the federation’s future plans and actions that will contribute to accelerating the growth of the UAE banking sector in ...

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AUH sees 1.9mn passengers in Oct

  Abu Dhabi / EMIRATES BUSINESS Abu Dhabi International Airport (AUH) welcomed 1.9 million passengers in October. More than twenty million passengers have passed through the airport so far this year. Total passengers numbered 1,903,556 in October 2016. The number of travelers between January 1 and October 31 reached 20,432,279 — an increase of 5.4% on the 19,393,074 for the ...

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World’s best-funded pension market has $650bn warning

  Bloomberg No country on the planet is better prepared to pay for its aging population than Denmark. But a nation whose pension industry has been ahead of the curve for decades is now bracing for a fundamental shift that most people probably aren’t prepared for, according to the financial regulator. Jesper Berg, the director general of the Financial Supervisory ...

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Trump’s NATO spending demand bane for Denmark’s welfare state

  Bloomberg Meeting Donald Trump’s demands on defense spending could allow NATO-member Denmark to buy a dozen F-35 fighter jets and four frigates. While it’s questionable the added firepower would stop a hypothetical Russian invasion, the cost of rearming would certainly cause serious damage to its cherished welfare state. During his presidential campaign, the victorious Republican candidate raised alarm among ...

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70,000 homes without power in storm-hit France

  Paris / AFP Winds gusting to hurricane force left nearly 70,000 homes in western and northwestern France without power Sunday, the national electricity grid Enedis said. The national weather agency Meteo France said winds powering to 160 kilometres (100 miles) per hour battered the Breton peninsula and Normandy coast overnight, and two other regions remained under a storm alert. ...

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Infrastructure key as UK set to announce 1st post-Brexit budget

  London / AFP Britain’s first post-Brexit budget will focus on infrastructure and could spell an end to the previous government’s rigid fiscal targets, according to a treasury statement released on Sunday. The budget will be new finance minister Philip Hammond’s first set-piece since replacing George Osborne who resigned following the June vote. Under previous prime minister David Cameron, Osborne ...

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Obama to meet Australia, Canada leaders

  LIMA / AFP President Barack Obama planned separate talks with the leaders of Australia and Canada before wrapping up the final foreign trip of his presidency. Both countries helped negotiate a multinational trade agreement with the US and nine other Pacific Rim countries. But Congress is unlikely to ratify the deal, dealing a blow to Obama’s once high hopes ...

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