Bloomberg The number of electric cars on Britain’s roads will jump to 30 million in next 20 years, helped by government policies to phase out sale of polluting cars. The nation’s goal of reaching net-zero emissions by mid-century is looking more achievable under three out of four scenarios modelled by network operator National Grid Plc’s Electricity System Operator unit in ...

Bloomberg The UK proposed strict new limits on junk food advertising as ministers seek to control the country’s growing obesity problem, which has been identified as a factor in coronavirus deaths. Plans include banning TV and online advertising of foods high in fat, sugar or salt before 9 p.m., the Department for Health and Social Care said on Monday. Advertisers ...

Bloomberg Taiwan’s equity benchmark broke a record that stood for three decades, helped by the biggest surge in years for the economy’s biggest stock. The Taiex closed 2.3% higher Monday as Taiwan Semiconductor Manufacturing Co. soared the 10% daily limit. The $35 billion addition to its market capitalisation makes TSMC the 12th most valuable stock worldwide, ahead of US retail ...

Bloomberg European equities moderately extended last week’s drop, as new virus data suggested setbacks in global efforts to contain coronavirus pandemic, with airlines and other travel-exposed stocks leading declines. The Stoxx Europe 600 Index was down 0.4% as of 8:20 am in London, with most sectors in negative territory. German stocks rose 0.4%, while Spain’s IBEX was the worst-performing large-country ...

Bloomberg South Africa’s main stock index gains 0.3% in Johannesburg, as a weaker dollar boosts prices of precious metals, with record bullion prices lifting gold producers to a fresh all time record, and higher platinum prices bolstering local producers. Risk sentiment has been strengthened by optimism over the upcoming US Federal Reserve meeting, which has drowned fears over simmering Sino-American ...

Abu Dhabi / WAM Abu Dhabi Aviation’s revenues for the period ended June 30 amounted to AED895.7 million, according to the financial results of the Abu Dhabi Securities Exchange-listed company. The company’s operating profit reached AED152 million and the net profit stood at AED47.8 million, the financial notes published on Sunday on the ADX’s website show. The company’s assets edged ...

Abu Dhabi / WAM The Emirates Water and Electricity Company (Ewec), a leading company in the coordination of planning, purchasing and providing of water and electricity across the UAE, announced the award for the world’s largest solar power plant in Abu Dhabi. The project was awarded to a consortium led by the Abu Dhabi National Energy Company (Taqa) and Masdar, ...

Bloomberg The euro area economy is for once set for a sprightlier recovery from crisis than the US, thanks to starkly different responses to the coronavirus. America’s failure to get a grip on the pandemic is putting the brakes on its rebound compared with Europe, where many former virus hot spots managed to resume economic activity without causing a similar ...

Sharjah / WAM Sharjah Media City (Shams) a world-class media hub for innovative facilities and services, joined forces with Connected Circles, an Amsterdam-based company which helps retain and attract talents, boost brands reach, and gain trust through transparency, consistency, and relevant content. The joint venture aims to bring knowledge, experience, and business processes from Amsterdam to the Middle East. The ...

Ajman / WAM Representatives of the Ajman Chamber of Commerce and Industry and Consulate of Zambia discussed joint economic cooperation and various investment opportunities available to both sides, in a bid to increase the value of trade and promote partnerships between investors from Ajman and Zambia. The chamber was represented at the meeting by Salem Al Suwaidi, Director-General of the ...