ABU DHABI / WAM The Department of Culture and Tourism (DCT) Abu Dhabi has relaunched its ground-breaking programme for selecting and hiring Emirati talent into the workplace. The programme, called Emirati Talents, was officially launched in November 2019 with a series of innovative events that engaged interested candidates in activities and challenges to assess the next generation of Emirati talent. ...
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China may have to delay national carbon market debut to 2021
Bloomberg China may delay the launch of its national carbon market for power companies to the first half of 2021, according to a researcher who helped the government design the emissions trading system. Actual trading of emission allowances will likely begin next year, Zhang Xiliang, director of Tsinghua University’s Institute of Energy, Environment and Economy, said at the International Finance ...
Read More »UK renewable power set for $27bn boost
Bloomberg The UK government plans to double the amount of renewable power supported by the country’s main subsidy mechanism and create a new structure that will bolster a variety of technologies, speeding up a wave of new investment. The next round of the contracts for difference system will clear the way for as much as 12 gigawatts of new green ...
Read More »Vestas Wind turbine collapses in northern Sweden
Bloomberg A 230-metre tall wind turbine built by Vestas Wind Systems A/S collapsed at a site in northern Sweden over the weekend. The cause of the accident is unknown and the company is assembling a team that will investigate at the site, spokesman Anders Riis said by phone. A lot of snow is expected this week, which may delay the ...
Read More »Yes, Trump’s sound and fury will signify nothing
A classic episode of “The Twilight Zone†from 1961, “It’s a Good Life,†features a telepathic, malicious 6-year-old brat named Anthony who holds an entire town hostage. Anthony transforms one adult who crosses him into a jack-in-the-box. Everybody else who wants to survive kowtows. “It’s real fine that you’ve done that, that’s real fine,†the local grocer tells Anthony after ...
Read More »Janet Yellen has the policy chops
Janet Yellen knows a deep recession and a patchy recovery from the inside. She’ll need all that policy prowess and a healthy dollop of political nous to steer the US, and by default the rest of the world, through this epic slowdown. The former Federal Reserve chair is Joe Biden’s pick for Treasury secretary, according to people familiar with the ...
Read More »We’re better off without the Black Friday frenzy
The Christmas lights are on, but few are coming to see them. That was the scene last week on Oxford Street, London’s leading retail thoroughfare, as non-essential shops in England remained closed. It’s hardly the run-up to Black Friday that retailers had hoped for. I’ve argued before that Europe is better off without the imported annual shopping frenzy. While door-busting ...
Read More »The world needs to head off the worst in Ethiopia
Less than a year ago, while accepting the Nobel Prize for his role in bringing peace to the Horn of Africa, Ethiopian Prime Minister Abiy Ahmed offered a reminder to his audience: “War makes for bitter men. Heartless and savage men.†He should need no further reason to call off the war he has started in his own country. The ...
Read More »Covid passports key to resuming global travel
Bloomberg Global airline lobby IATA is working on a mobile app that will help travellers demonstrate their coronavirus-free status, joining a push to introduce so-called Covid passports to speed up the revival of international travel. The Travel Pass will display test results together with proof of inoculation, as well as listing national entry rules and details on the nearest labs, ...
Read More »JD’s logistics unit considering IPO at $40 billion valuation
Bloomberg JD.com Inc’s logistics unit is considering an initial public offering (IPO) that could raise at least $5 billion, according to a person familiar with the matter. JD Logistics is targeting a valuation of about $40 billion, the person said, asking not to be identified as the information is not public. The company is leaning towards choosing Hong Kong as ...
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