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UAE Gives Morocco $100 Million for Clean Energy

Oil-rich United Arab Emirates on Wednesday announced giving $100 million to Morocco in "financial support" to build solar and wind power farms, WAM state news agency said.

The aid is aimed at supporting economic and social development, and supporting the drive to use clean and renewable energy, it said.

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U.S. Senator Talks All Night to Thwart Spending Bill

The Democratic-led Senate was on a path Wednesday to passing a bill to prevent a government shutdown while protecting President Barack Obama's health care law, despite a conservative senator's attempt to block the effort by talking all night and into the morning.

At issue is a temporary spending legislation required to keep the government fully open after the Oct. 1 start of the new budget year. The Republican-controlled House of Representatives sent the Senate a version of the bill with a provision that would defund the health care law, trying to seize the opportunity to dismantle one of Obama's signature domestic accomplishments.

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Survey: German Consumer Confidence Higher

Consumer confidence in Germany is rising as economic expectations continue to point upwards in Europe's top economy, a new poll found on Wednesday.

"German consumers expect the economy to gather pace in the coming months, as is seen in the clear upwards trend in economic expectations," market research company GfK said in a statement.

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Airbus Nets 68 A320 Orders in China as Market Grows

Three Chinese companies have ordered a total of 68 A320 aircraft, Airbus announced on Wednesday as air travel takes off in the world's most populous country.

The aircraft-leasing firm BOC Aviation ordered 25 planes, Qingdao Airlines requested 23 planes and Zhejiang Loong Airlines sought 20, the European planemaker said in statements on the sidelines of an air show in Beijing.

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Yemen Hopes Donors will Fulfill Aid Pledges

Yemen hopes that donor countries that meet this week will honor their pledges of $7.8 billion to the country, of which nearly a quarter has been paid, the international cooperation minister said Tuesday.

The country's delegation to a meeting of the "Friends of Yemen," scheduled on the margin of the U.N. General Assembly meeting Wednesday, "will ask for the support of donors for the stage that follows the national dialogue," Mohammed Saadi told Agence France Presse.

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PM Says Spain Exits Recession in Third Quarter

Spain has emerged from recession in the third quarter, with estimated economic growth of 0.1 to 0.2 percent, Prime Minister Mariano Rajoy said in a newspaper interview Tuesday.

He also forecast growth of between 0.5 and 1.0 percent in 2014, stronger than the government's previous estimate, in an interview published in the Wall Street Journal.

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IMF Says Brisk Philippines Economic Growth to Continue

Robust economic growth in the Philippines should continue this year and next despite the anticipated unwinding of the massive U.S. stimulus program, the International Monetary Fund said Tuesday.

"In 2013, growth is expected to remain strong at 6 3/4 percent, easing to about 6.0 percent in 2014, which is still somewhat faster than potential output," IMF official Rachel van Elkan said in a statement.

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New 48-Hour Strike in Greece over Civil Service Cuts

Greek civil servants on Tuesday launched a 48-hour strike, their second work stoppage in as many weeks to protest job cuts the government is undertaking in return for international bailout funds.

The strike, which follows one last week, shut down government buildings and was expected to disrupt operations at public hospitals.

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Bank of America Ordered to Pay $2.2 mn in Discrimination Suit

A U.S. judge has ordered Bank of America to pay nearly $2.2 million for discriminating against African-American job seekers, in a case that has been ongoing for nearly two decades.

The judge in North Carolina determined the bank had used "unfair and inconsistent" hiring practices for teller and entry-level clerical and administrative jobs, blocking qualified African-American applicants from getting jobs, the U.S. labor department said in statement Monday.

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Pentagon Prepares for Possible U.S. Government Shutdown

The Pentagon warned its workforce on Monday that it is preparing for a possible government shutdown if Congress fails to break a political impasse.

If U.S. government agencies are forced to shutter, American troops around the world would stay on the job and some civilian employees would be ordered on unpaid leave, Pentagon spokesman George Little told reporters.

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