The International Monetary Fund (IMF) cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil.
In its flags
UAE-based aluminium giant Emirates Global Aluminium (EGA) will highlight the growing importance of the country's primary aluminium industry to the European market with a strong appearance at a major event in Germany.
Leading social network Facebook will win unconditional EU approval for its $19 billion offer for mobile messaging startup WhatsApp in a deal pitting it against telecoms operators, two people familiar with the matter said.
The United States and European Union imposed new sanctions against Russia on Friday, tightening financial measures against Moscow over its intervention in Ukraine despite a week-old ceasefire which has brought calm to the embattled east.
Hapag-Lloyd and Compania SudAmericana de Vapores will win conditional European Union approval for their merger that will create the world's fourth-largest container shipping company, sources said.
The tie-up is important for t
UAE national carrier Etihad Airways and Italian airline Alitalia are expected to win clearance for their tie-up by the end of the year with minor concessions, a person familiar with the matter has said.
Abu Dhabi-based Etihad clin
Iran may have failed to meet a deadline for addressing UN concerns about suspected nuclear bomb research, but it could still act to influence a key report due next week, diplomatic sources said on Wednesday.
The sources, who follo
Russia will ban all imports of food from the US and all fruit and vegetables from Europe, the state news agency reported on Wednesday, a sweeping response to Western sanctions imposed over its support for rebels in Ukraine.
Airbus sold more than 200 aircraft in June during an unexpectedly busy month that saw some reshuffling of its order book, but took over 120 cancellations to end the first half behind US rival Boeing, company data showed.
Jean-Claude Juncker was named as the next president of the European Commission yesterday, dealing a bitter blow to David Cameron, who said it threatened to increase Britain's chances of leaving the EU.
The British prime minist