Bloomberg Norway’s government, which oversees the world’s biggest sovereign-wealth fund, expects climate and social issues to dominate investment decisions in the coming decades. “There is a growing expectation, not only in Norway, but internationally that there will be a high level of ethical awareness,” Finance Minister Jan Tore Sanner said in an interview. “We must have the highest possible return ...

Bloomberg Hyundai Motor Co. is pitching its new Ioniq 5 as being able to do more than the average EV. In a series of promotional videos on YouTube, a camper is shown running on a treadmill hooked up to the car’s battery, listening to their favourite tunes on a bank of speakers, and even rustling up a roast-chicken dinner in ...

Bloomberg Nate Calabrese almost skipped right over the “driver wanted” ad on job-search website Indeed.com because it offered so few details. Turned out the posting was for the Boring Co., the tunneling business owned by Elon Musk. That’s how Calabrese, 27, ended up driving people underneath the Las Vegas convention center in one of the first public peeks at the ...

Bloomberg Apple Inc. is refusing to participate in an upcoming Senate hearing about anti-competitive practices at online app stores, according to a letter addressed to CEO Tim Cook from Democrat Amy Klobuchar and Mike Lee, a Republican. The letter says the Cupertino, California-based company declined to send a witness for an upcoming hearing of the Senate Judiciary Committee’s antitrust panel ...

Bloomberg Samsung Electronics Co.’s profit for the first quarter rises 44% from the prior year as the early release of a new flagship smartphone and strong gadget sales softened the blow from a Texas power failure that took one of its factories offline. South Korea’s biggest company posted operating income of 9.3 trillion won ($8.3 billion) for the three months ...

DUBAI / WAM The UAE Government announced that it will employ biometric face recognition (Facial ID) to register customers in the “UAE Pass” application, as part of its plan to launch the first safe digital national ID for citizens and residents. The UAE Pass app is the first national digital identity and signature solution that enables users to identify themselves ...

ABU DHABI / WAM Masdar has announced the signing of agreements to develop a utility-scale solar photovoltaic (PV) project in the Republic of Azerbaijan. The 230-megawatt (MW) project is the country’s first foreign investment-based independent solar project structured as a public-private partnership. Mohamed Jameel Al Ramahi, CEO of Masdar, signed the Investment Agreement for the project with Parviz Shahbazov, Minister ...

ABU DHABI / WAM Wizz Air Abu Dhabi, the newest UAE national airline, on Wednesday announced its first flight to Tel Aviv on April 18, following the announcement that Israel has been added to the green list. Tickets are already on sale on wizzair.com and the airline’s mobile app, which is also available in Arabic, with fares starting as low ...

CAIRO / WAM Adel Abdulrahman Al Asoomi, Speaker of the Arab Parliament, on Wednesday congratulated the UAE’s leadership, government and people on the start of the commercial operation of Unit 1 of Barakah Nuclear Power Plant, the first peaceful nuclear power plant in the Arab region. Al Asoomi stressed that the launch of the plant is a distinguished achievement to ...

ABU DHABI / WAM Mohammed Hilal Al Mheiri, Director-General of Abu Dhabi Chamber of Commerce and Industry, has held a video conference meeting with Dr Mohammed Shukri Mohammed Saeed, Chairman of the Investment Authority of the Kurdistan Regional Government and Ahmed Al Dhaheri, the UAE Consul General in the Kurdistan Region of Iraq. They discussed ways of strengthening economic and ...