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ABU DHABI / WAM As climate change continues to be one of the greatest challenges facing mankind today, and in light of research revealing a fast-emerging market opportunity valued at $7.1 trillion, the World Future Energy Summit has announced the introduction of a new Climate and Environment Expo & Forum, hosted in partnership with the UAE Ministry of Climate Change ...

Bloomberg South Africa’s power utility, the nation’s biggest producer of greenhouse gases that mainly uses coal for electricity generation, is working on a plan aimed at net zero emissions by 2050. Eskom Holdings SOC Ltd “has an aspirational vision” of reaching the goal, which includes the creation of jobs, the utility said in a reply to questions. “We are currently ...

Bloomberg Donald Trump is expected to issue a formal order drawing down US troops in Afghanistan and Iraq to 2,500 in each country by January 15, a US defense official said, as the president works to deliver on his longtime pledge to exit from “endless wars.” US Central Command has received an informal warning order, according to the official. The ...

Bloomberg Huawei Technologies Co sold its Honor smartphone business to a Chinese government-backed consortium for an undisclosed amount, hiving off the entry-level devices arm after the Trump administration cut off its access to American technology. The consortium was formed by the Shenzhen Smart City Technology Development Group Co and more than 30 of Honor’s partners, agents and dealers, from private ...

Bloomberg Tesla Inc, Elon Musk’s 17-year-old upstart carmaker, took a giant step towards blue-chip respectability, getting named to one of the world’s most famous stock indexes in an action that will greatly broaden its investor base. The announcement that Tesla will enter the S&P 500 on December 21 follows months of speculation, and one temporary setback, after the stock failed ...

Bloomberg German Chancellor Angela Merkel expressed optimism that a recovery in Europe’s biggest economy will gather pace once the coronavirus pandemic is brought back under control. Merkel said that while the situation remains “very serious,” officials are better equipped now to fight the disease than at the start of the outbreak in the spring. She cited recent progress in developing ...

Bloomberg Airbnb Inc’s long awaited filing for an initial public offering (IPO) makes the devastation wrought by Covid-19 abundantly clear, and shows how its business now hangs on domestic travel. Since the coronavirus pandemic swept across the globe in March, closing borders and grounding flights, the travel sector’s woes have been on full display. Public companies such as Marriott International, ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and General Supervisor of the ‘Dubai: Capital of Islamic Economy Initiative’ said that the UAE has accumulated extensive expertise in the field of Islamic Economy and established a robust fintech infrastructure that places it in a strong position ...

ABU DHABI / WAM ‘Reframing Museums’, the global virtual symposium on future models for the arts and culture sector, was opened on Monday. The symposium has received over 1,000 registrants and brings together over 60 speakers from five continents to address new responsibilities and challenges facing museums today, as well as showcase opportunities for the arts and culture sector. Mohamed ...

Abu Dhabi / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, launched the “Positive Customer” application, which aims to strengthen the community’s role in positive participation. The application also aims to evaluate and develop the services of the Ministry of Interior, which is one of its smart initiatives and projects, ...