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  • Every January, Dubai is decked out in lights, banners and roadside ornaments heralding the event. Dubai, one of seven federal states in the United Arab Emirates, has far smaller oil reserves than the capital Abu Dhabi, and its economy relies heavily on retail, tourism and international trade. Russian travel operators in Dubai reported a sharp drop in the number of...

  • Global economy hopes raised after European stimulus Saturday, 24 Jan 2015 | 8:51 AM ET

    DAVOS, Switzerland— The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. In a panel at the World Economic Forum in Davos, they said a perkier Europe, coupled with a prolonged period of low oil prices, could help shore up the global economy following a...

  • *36 remote Guinea villages still inaccessible. CONAKRY, Jan 23- Angry residents are blocking access for health workers to dozens of remote villages in Guinea, in a sign of persistent mistrust that could threaten President Alpha Conde's aim to eradicate Ebola from the country by early March. Like its West African neighbors Liberia and Sierra Leone- the...

  • JOHANNESBURG, Jan 23- South Africa's Reserve Bank will keep its benchmark interest rate at 5.75 percent on Thursday following a dip in inflation due to lower oil prices, a Reuters poll forecast on Friday. A more stable rand, since the European Central Bank's decision on Thursday to launch quantitative easing lifted emerging market currencies, has also reduced...

  • NEW YORK— McDonald's isn't lovin' it, and it's going to do something about it. The world's largest hamburger chain reported falling earnings and sales for its fourth quarter on Friday and says it is going to take action this year to save money and bring customers back. But the fast-food giant said its problems won't be fixed overnight: It expects sales to remain weak...

  • *Disease outbreaks high on Davos agenda after Ebola. DAVOS, Switzerland, Jan 23- The worst-ever Ebola epidemic is waning, but after ravaging three West African nations and spreading fear from Dallas to Madrid, it has hammered home the message that the world needs a better detective system for emerging diseases. Risks posed by pandemic threats such as deadly...

  • FREETOWN, Sierra Leone— With the Ebola outbreak weakening in West Africa, Sierra Leone eased restrictions on movement and commercial activity Friday even as the president warned that the fight against the deadly disease is not yet over. But the number of new infections is now falling in Sierra Leone, Guinea and Liberia, the three most affected countries.

  • *Driven by U.S. companies and some cost cutting in Europe. Chief executives, bankers and investors gathering at the World Economic Forum in Davos, Switzerland, said they expected U.S. companies to take advantage of a rising dollar and robust growth at home to strengthen their position in global markets. "There are always great opportunities in the aftermath of a...

  • SINGAPORE, Jan 23- The state oil firm of the Republic of Congo has this month opened an oil marketing office in Singapore as it targets Southeast Asian buyers for crude output due to come onstream next year, a company official said. Like other African oil producers such as Nigeria and Angola, the Republic of Congo has in recent years seen crude export flows shift to...

  • TRIPOLI, Jan 22- The United Nations on Thursday condemned a reported attack on an office of Libya's central bank in the eastern city of Benghazi, calling for an inquiry into the incident that has complicated talks between the country's warring parties. The U.N. last week brought together in Geneva some of Libya's rival factions in an attempt to negotiate an end to...

  • FREETOWN, Jan 22- Sierra Leone's President Ernest Bai Koroma on Thursday removed Ebola district quarantine measures intended to curb the spread of the disease, declaring "victory is in sight" after a sharp drop in transmission. Since the worst outbreak on record began in West Africa over a year ago, Sierra Leone has recorded more than 10,340 cases, making it the...

  • Jan 22- Starbucks Corp on Thursday said director Kevin Johnson would become its president and chief operating officer on March 1, replacing long-time executive Troy Alstead, who said he is taking an extended sabbatical to spend time with his family. Johnson, 54, has been a Starbucks board member since 2009. He was the chief executive of Juniper Networks Inc from...

  • Algeria to boost oil production in face of falling prices Thursday, 22 Jan 2015 | 12:27 PM ET

    ALGIERS, Algeria— Algeria's minister of energy said Thursday the country could boost oil production to compensate for the dramatic drop in oil prices. Algeria produces some 1.2 million barrels of oil a day, according to its OPEC quota, but the 50 percent drop in prices over the last few months has hurt the country. While Algeria has some $200 billion in foreign...

  • Minister: Drops in French tourism to Tunisia Thursday, 22 Jan 2015 | 12:20 PM ET

    TUNIS, Tunisia— The terror attacks against a French newspaper on Jan. 7 resulted in cancellations by tourists to Tunisia after the past year already saw a drop in arrivals, said the Tunisian tourism minister Thursday. French make up one of the largest group of tourists in Tunisia and their numbers dropped 6.1 percent in 2014.. Tunisia depends heavily on tourism...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • VANCOUVER/ TORONTO, Jan 21- The New Year's rally in gold stocks offers a respite for the beaten-down sector, but it masks deep-seated problems of bloated debt, weak growth prospects and overvalued assets that will emerge when miners post year-end results in coming weeks. Even if bullion's recent rally persists- it is up 9 percent this year to $1,290 an ounce-...

  • Algeria backtracks on shale gas plans after protests Wednesday, 21 Jan 2015 | 2:47 PM ET

    ALGIERS, Algeria— Algeria's prime minister announced Wednesday that plans to drill for the country's abundant shale gas reserves have been scrapped. "I confirm that the exploitation of shale gas is not the order of the day as for now Algeria has sufficient reserves of conventional energy to meet its needs," Prime Minister Abdelmalek Sellal said.

  • *Resources pour into worst hotspot Freetown. FREETOWN, Jan 21- Here at the front line of the Ebola epidemic, the tide seems to be turning against the disease. A military-style operation to fight the outbreak in Sierra Leone- the worst-affected country- has helped to dramatically reduce new cases, in what health officials say is a major step towards defeating Ebola.

  • *Resources pour into worst hotspot Freetown. FREETOWN, Jan 21- A military-style operation to fight Ebola in Sierra Leone has helped to dramatically reduce new cases, in what health officials say is a major step towards defeating the deadly disease. Since it was launched about one month ago, the operation has doubled the number of ambulances for patients in the...

  • LONDON, Jan 21- Emerging stocks jumped 1 percent to six-week highs on Wednesday, boosted by Chinese market gains and prospects for European monetary easing, though Polish banking shares remained under pressure due to fears over households' Swiss franc loans. On currencies, the Nigerian naira hit record lows versus the dollar while Russia's rouble lost ground...