Sunday 4 December 2016
 
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VW group to phase out more than 40 car models

Volkswagen (VW) will stop producing more than 40 car models in the coming years as part of a new strategy by Europe's biggest automaker, German newspaper Handelsblatt reported on Saturday. VW said on Thursday it would invest b

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VW group to phase out more than 40 car models

Volkswagen (VW) will stop producing more than 40 car models in the coming years as part of a new strategy by Europe's biggest automaker, German newspaper Handelsblatt reported on Saturday. VW said on Thursday it would invest b

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Oil prices might have bottomed out: IEA

Oil prices might have bottomed as output in the US and other non-Opec producers is beginning to fall quickly and an increase in supply from Iran has been less than dramatic, the International Energy Agency said.  

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$15m Yasmeenat Saar villas in Bahrain sold out

All villas in the BD6-million ($15.8 million) Yasmeenat Saar have been sold off-plan to Bahrainis and GCC nationals, Bahrain-based real estate and infrastructure developer Naseej said yesterday (January 26). Launched last year, the project is

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‘Young middle class lose out most from deflation’

Young middle class people who borrow to buy homes stand to lose out most from falling prices, a study published by the European Central Bank found on Friday, when tracking the impact of deflation on the burden of debt.  

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Private training centres in Bahrain ‘facing closure’

Bahrain’s private sector training institutes claim they could be forced out of business by demands imposed by the Labour Ministry. It follows the introduction of a new rule at the end of July that stipulates such centres must employ full

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Kaspersky threatened to ‘rub out’ rival, email shows

In 2009, Eugene Kaspersky, co-founder of one of the world's top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG Technologies NV by "rubbing them out in the outhouse," on

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World Cup insurers ‘likely to refuse pay out on cancellation’

World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their Wor

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Enoc in bid to buy out Dragon Oil’s minority shareholders

Emirates National Oil Co (Enoc) went public with an offer to buy out minority shareholders in Dragon Oil, saying talks with a committee set up by the Turkmenistan-focused oil explorer had not yet produced the endorsement it believed its ‘f

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Shipping lines pull back from Yemen as conflict escalates

International shipping lines are being forced to scale back or suspend port calls to Yemen as the conflict gets worse, putting pressure on supplies of food as prices rise in local markets. Yemen imports more than 90 per cent of it

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