GENEVA / WAM Mohamed Al Hammadi, President of Jusoor International for Media and Development, has affirmed the need to achieve climate justice globally, especially with the adverse shifts that human life continues to experience due to climate change. Speaking at the 53rd Regular Session of the United Nations Human Rights Council (UNHRC), he expressed his confidence that the 28th Conference ...

BLOOMBERG  Audi’s new boss faces a number of pressing issues to fix the premium brand, after years of missteps left Volkswagen AG’s cash cow with a stale model lineup and behind in the shift to electric cars. Gernot Döllner, a 54-year-old VW veteran who wrote his dissertation on speeding up product development, has little time to waste to ensure the ...

BLOOMBERG  Apple Inc made Wall Street history as the first company with a market value over $3 trillion, the latest sign of big tech’s seemingly unstoppable dominance in equity markets. The iPhonemaker gained 2.3%, adding to a rally that’s added more than $983 billion to its size this year and leaving it roughly a half-trillion dollars above the next-largest company. ...

BLOOMBERG Twitter is imposing a temporary cap on the number of tweets that accounts can see each day, a move that sparked backlash from some users. Twitter owner Elon Musk tweeted that unverified users will be able to view as many as 600 posts daily while Twitter Blue subscribers can see 6,000 posts “to address extreme levels of data scraping” ...

BLOOMBERG Rishi Sunak is considering scrapping an environmental law dating back to UK membership of the European Union (EU), as his government faces pressure to build more houses while fending off a voter backlash on pollution. The prime minister’s team is looking at using his flagship regeneration bill to override a 2018 ruling that effectively bans housebuilding in areas where ...

BLOOMBERG China is on a natural gas shopping spree, and officials are happy for importers to keep striking deals even after a global energy crisis has eased. The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy security through the middle of the century, according to ...

BLOOMBERG European natural gas logged its biggest monthly gain since last summer, near the height of the region’s energy crisis, following the most volatile stretch for trading this year. Benchmark futures ended in June more than 30% higher, after prices spiked almost 8%. It’s the first monthly increase since March and the largest jump since last July. The past few ...

BLOOMBERG US airlines continued to grapple with flight disruptions heading into the busy weekend ahead of Independence Day, keeping the industry on edge even as the recent volatility driven by bad weather and air-traffic control limits showed signs of subsiding. United Airlines Holdings cancelled 8% of its flights as of mid-afternoon on June 30 and delayed 21%, according to data ...

BLOOMBERG Nike Inc fell the most in the Dow Jones Industrial Average after the athletic-gear maker’s outlook for the full year failed to win over Wall Street. Full-year revenue for fiscal 2024 should grow in the mid-single digits, led by its direct-to-consumer business, Chief Financial Officer Matthew Friend told analysts during a conference call. Analysts project growth of close to ...

BLOOMBERG United Airlines Holdings Inc will have to change, and possibly reduce, its flight schedule at Newark Liberty International Airport while work is under way to expand the number of gates for the carrier, Chief Executive Officer Scott Kirby said in a letter to employees. The letter follows days of extensive flight disruptions as airlines across the US dealt with ...