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  Bloomberg European electricity prices jumped after the region’s biggest producer cut its nuclear output target for a second time in a month, the latest sign that this winter’s energy crisis is far from over. Electricite de France SA said its nuclear production could fall this year to levels not seen since 1990, and Morgan Stanley says there’s a “meaningful ...

  Bloomberg US President Joe Biden said the controversial Nord Stream 2 natural gas pipeline between Russia and Germany would be stopped if President Vladimir Putin orders an invasion of Ukraine. “We will bring an end to it,” Biden said at a joint news conference at the White House with German Chancellor Olaf Scholz in a short answer to a ...

  Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib) reported a year-on-year growth in net profit of 45% for the full year 2021 to AED2,330 million from AED1,604 million in 2020, resulting from solid top-line growth, continued optimisation of the cost base and lower impairments. Revenue for 2021 improved 4% to AED5,560 million compared to AED5,358 million last year. ...

  Dubai / WAM New technologies are creating a seamless and integrated visitor experience at Expo 2020 Dubai as shown in the latest installment of the En Route to the Expo – Dubai Chamber of Commerce’s video series, which offers insights on various features and aspects of the mega event. In the latest video, Sergio Maccotta, Senior Vice President, SAP ...

  Dubai / WAM The Emirates Mars Mission (EMM), the first interplanetary mission undertaken by an Arab nation, has released the second tranche of observations to a global audience of scientists, researchers, educationalists and enthusiasts. Over 76 GB of raw data has been uploaded to the EMM Science Data Centre and is available at https://sdc.emiratesmarsmission.ae as part of the second ...

  ABU DHABI / WAM New York University Abu Dhabi (NYUAD) is offering new insights about urban traffic management to create improved systems for the traffic modelling and management. A team of researchers, including NYUAD Research Scientist, Daniel Bramich, and NYUAD Professor of Civil and Urban Engineering and Director of the Cities Research Centre, Monica Menendez, have published a review ...

  Bloomberg European power prices extended last week’s drop, tracking natural gas futures lower as Russian supplies of the fuel are increasing. German and French electricity for March slid about 7% each on Monday on the European Energy Exchange AG, adding weight to the notion that the market has moved beyond the worst of the energy crisis. Traders are keeping ...

  Bloomberg Boris Johnson promised his Conservative Party an overhaul of his top team as he strives to keep his job after a series of gaffes and scandals. Two rapid appointments over the weekend may already be too late. Reeling from the resignation of five aides in 24 hours last week, the UK prime minister moved quickly to fill key ...

  Bloomberg Canada’s labour market suffered a larger-than-expected setback last month after the nation was hit with fresh lockdowns meant to contain the Omicron variant of Covid-19. The country shed 200,100 jobs in January, Statistics Canada reported from Ottawa, ending a seven-month streak of gains. Economists in a Bloomberg survey were expecting a drop of 110,000. The unemployment rate rise ...

  Bloomberg UK house prices rise at the slowest pace in more than six months in January after a bumper end to 2021 left the average value of a home at a record high. Prices rise just 0.3% following four months of gains above 1%, mortgage lender Halifax said on Monday. In a sign of a more normal market, the ...