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Emirates 2022 World Stamp Exhibition ends on a high note

  Dubai / WAM Emirates 2022 World Stamp Exhibition, the first international philatelic exhibition in the region, ended with great success, at the Dubai Exhibition Centre. Coinciding with Expo 2020 Dubai, the event featured more than 175 exhibits from 27 countries in the Middle East, Asia, Africa, Europe, America, and Oceania. The international event was a major step towards increasing ...

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EU explores options to get more gas from trading partners

  Bloomberg The European Union’s executive arm is testing the waters to see if its trading partners, including the United States, could boost natural gas supplies to the region amid limited shipments from Russia and rising geopolitical risks, according to the bloc’s energy chief. While the EU has a robust gas infrastructure and clear procedures in case of emergencies, it ...

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Shell sees $4.5b investment potential in France

  Bloomberg Shell Plc has identified 4 billion euros ($4.5 billion) of potential investments in France in a bid to support the country’s efforts to develop sustainable sources of energy, Le Figaro reported, citing an interview with Chief Executive Officer Ben van Beurden. Shell wants to invest in offshore wind farm projects, the creation of electric vehicle battery charging stations ...

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UK’s energy price cap rise to hit 22m homes

  Bloomberg An April increase to the government’s price cap on energy bills will affect more than 75% of British households, according to The Times. The number of households covered by the price limit has risen to 22 million from 15 million, the newspaper said, citing energy regulator Ofgem. Standard variable tariffs are capped at 1,277 pounds ($1,731) a year ...

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Central banks are facing a moment of truth on crypto

  The head of the Bank for International Settlements (BIS), Agustin Carstens, set out a dark vision for our financial future, quoting Goethe’s “Faust” and claiming that the “soul” of money was at stake. He warned that the proliferation of unregulated cryptocurrencies and the spread of Big Tech firms into payments risked damaging consumer trust and splitting the monetary system. ...

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Cyberwar on Ukraine may spread globally

In cyberwarfare, the toughest question to answer definitively is “Who did it?” It’s no surprise then that Microsoft Corp avoided the attribution on everyone else’s lips in its analysis of cyberattacks on Ukraine. That would be Russia. But several clues suggest they not only came from the Kremlin but will follow a pattern of spilling into other countries in Europe ...

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A pandemic is a dream come true for gamers

  About a year ago around this time, on impulse, people bought a Nintendo Switch — and they’ve never looked back. Stuck indoors for months at a time in 2021, people took up the controllers with youthful enthusiasm. Games — whether it was on the Switch, PlayStation or PC — allowed people to escape the four walls of their apartment ...

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Citi’s problems, solutions look suspiciously European

Citigroup Inc has long been valued like a European bank. Its British-born Chief Executive Officer Jane Fraser has reached for a European-style solution, but so far investors aren’t impressed. The bank is on a mission to reshape its sprawling global businesses and make them simpler and easier to understand. It wants to invest in the parts of the bank that ...

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UK: Airlines must fly more, stirring industry anger

  Bloomberg Britain will compel airlines to use 70% of takeoff and landing slots this summer to boost competition after the coronavirus crisis, angering carriers still struggling with demand far short of pre-pandemic levels. To ease the transition towards use-it-or-lose-it requirements that are closer to 2019 levels, the Department for Transport also published an extended list of get-out clauses, such ...

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China blasts US as ‘bullying’ amid flight suspension row

  Bloomberg China accused the US of “bullying” over its decision to suspend dozens of flights from America by Chinese airlines, underscoring lingering tensions between the world’s biggest economies. The US “wantonly suspended Chinese flights and disrupted their normal operations,” Foreign Ministry spokesman Zhao Lijian said at a regular press briefing in Beijing on Monday. “It is irresponsible and unreasonable.” ...

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