Abu Dhabi / WAM The World Energy Council (WEC) Co-Chair Jean-Marie Dauger has said that there is no ‘one size fits all’ solution to the global energy transition. During the 24th World Energy Congress in Abu Dhabi, Dauger told the Emirates News Agency (WAM), that the pace of change in the industry is accelerating quite dramatically. “We know there are number ...

Abu Dhabi / WAM The Integrated Transport Center in the Emirate of Abu Dhabi has launched in cooperation with Emirates Integrated Telecommunications Company (du), a free Wi-Fi service project on public transport buses in the emirate. This project was launched during a media tour with the participation of a number of media representatives to experience the first bus in Abu ...

Bloomberg Oil kept up its push higher after Saudi Arabia’s new energy minister signaled that Opec and its allies would continue with output cuts as the group prepared to gather in Abu Dhabi. Futures in New York added as much as 2.9% after newly-appointed Saudi Energy Minister Prince Abdulaziz bin Salman said there won’t be radical change in the policy ...

Bloomberg Volkswagen AG is unwrapping not just new models at the Frankfurt car show, but also a tweaked logo as the world’s biggest carmaker ushers in the electric era. Little-changed since World War II, the new VW emblem will be uncovered atop its headquarters in Wolfsburg on Monday. Then later in Frankfurt, the manufacturer will unveil the VW brand’s electric-powered ...

Bloomberg Apple Inc and manufacturing partner Foxconn violated a Chinese labor rule by using too many temporary staff in the world’s largest iPhone factory, the companies confirmed following a report that also alleged harsh working conditions. The claims came from China Labor Watch (CLW), which issued the report ahead of an Apple event on Tuesday to announce new iPhones. The ...

Bloomberg The UK economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain is facing a possible pre-Brexit recession. The economy recorded growth across the board, with the dominant services sector enjoying its best month this year. All else being equal, it will expand 0.4 percent in the third quarter ...

Bloomberg Republican Senator Josh Hawley warned state attorneys general (AG) expected to announce an antitrust probe of Alphabet Inc’s Google on Monday that they should expect formidable defensive tactics, no matter how cooperative the company has promised to be. “They will probably stall, stonewall, deflect, deny, threaten,” Hawley, a Missouri freshman who investigated the company when serving as his state’s ...

Bloomberg Germany posted its biggest trade surplus in four months as exports showed a surprise gain. The foreign trade balance stood at 21.4 billion euros ($23.6 billion) in July, up from 16.6 billion euros the previous month, according to the Federal Statistics Office. Shipments abroad rose 0.7 percent from June, defying economist estimates for a decline. The data provide some ...

Bloomberg Ferrari NV unveiled two new cars in a record year in terms of model range renewal, a move that will likely allow the Italian supercar maker to boost sales and increase average prices. On Monday, the Maranello-based company in Northern Italy revealed a sports car equipped with its most popular mid-rear-mounted 720-horsepower V8 engine, called F8 Spider, and a ...

Bloomberg Ken Griffin’s splurge on luxury real estate properties shows no signs of abating. The hedge fund titan spent $99.1 million for a beachfront house adjacent to his existing Palm Beach estate, according to the Palm Beach Post, citing sources with knowledge of the transaction and a deed filing. A Palm Beach County document confirmed the purchase price, but didn’t ...