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Green is good for firms chasing $430b market

Bloomberg The itch is back for Paul Mead. After almost a decade investing in vineyards and startups in his native New Zealand, the former Barclays Plc and Enron Corp trader wants to return to the power market. What’s luring Mead is the realisation that efforts to slow global warming through renewable energy and electrification are creating new ways to make ...

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Trump should concede and start transition: GOP’s Toomey

Bloomberg Republican Senator Pat Toomey said President Donald Trump “has exhausted all plausible legal options” in Pennsylvania, and that it was time to concede that Joe Biden won the presidential election. “President Trump should accept the outcome of the election and facilitate the presidential transition process,” Toomey said in a lengthy statement after a Trump campaign lawsuit that challenged the ...

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Jaguar seeks to block imports of Porsche, Audi SUVs to US

Bloomberg Land Rover was among the first automakers to forge a path in the highly profitable market for luxury sport utility vehicles, simplifying the technology for affluent but inexperienced off-road drivers. But the foreign-made rivals in the British company’s rearview mirror have grown closer than they might appear. Jaguar Land Rover Automotive Plc asked a US trade agency to block ...

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Italy seeks $9.5b to salvage economy

Bloomberg Italy’s government sought parliamentary approval for 8 billion euros ($9.5 billion) of extra deficit this year, as Prime Minister Giuseppe Conte battles to shield the fragile economy from a coronavirus resurgence. A cabinet meeting chaired by Conte approved the request to parliament, according to a statement by the premier’s office. The government also signed off on a third package ...

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US signs pact with Taiwan to hold annual economic talks for 5 years

Bloomberg The US and Taiwan signed a pact to establish annual economic talks for five years despite objections by China to Washington’s support for Taipei. The memorandum of understanding was signed after an inaugural round of economic talks in Washington. Future discussions will alternate between the US and Taipei, Brent Christensen, director of the American Institute in Taiwan, said in ...

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Astra-Oxford shot key to escaping Covid for many nations

Bloomberg Trial successes from Pfizer Inc and Moderna Inc have buoyed hopes that a Covid-19 vaccine is coming soon. But much of the world, outside of rich nations like the US, is counting on another company’s shot to escape the crisis. Findings from the final stage of AstraZeneca Plc’s vaccine studies are due to be released shortly, and the stakes ...

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Sial ME to focus on challenges in F&B, hospitality, dates industry

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) is preparing for the virtual conference for the food, beverage, and hospitality sector, the F&B Networking Hub by Sial Middle East — E-summit and Meetings. The virtual event will be held as part of the Sial ME brand in collaboration with Comexposium. It will run in conjunction with the Abu ...

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UAE presents women empowerment model

ABU DHABI / WAM The Federal National Council (FNC) Parliamentary Division, presented the UAE’s model for empowerment of women and youth in different walks of life. “The Emirati woman has become a key, active participant along with her male partner in achieving inclusive development in the UAE, enabling the country to occupy advanced ranking in the United Nations Development Programme, ...

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Ministry, SIB to build new dialysis facility

SHARJAH / WAM The Ministry of Health and Prevention (MoHAP) has signed a Memorandum of Understanding, MoU, with Sharjah Islamic Bank (SIB) to develop a dialysis centre in Sharjah. The MoU aims to boost strategic partnership and mutual cooperation between the two entities and will help patients get technologically advanced health services according to the latest international practices. It also ...

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Badiri Academy expands horizons with diverse range of e-learning opportunities

SHARJAH / WAM Badiri Education and Development Academy, the education and capacity building arm of NAMA Women Advancement Establishment, has rolled out its November webinar series in partnership with leading educational and professional institutions in the UAE and abroad. With a focus on a holistic approach to learning, balancing professional and personal development, Badiri has designed five virtual workshops with ...

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