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Abu Dhabi / WAM As the UAE marks Innovation Month in February, Abu Dhabi’s renewable energy company, Masdar, is accelerating the commercialisation of clean technologies at home and abroad. Established in 2006 to help maintain Abu Dhabi’s leadership in the global energy sector, while supporting the diversification of both its economy and energy sources for the benefit of future generations, ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA), on Sunday announced that its emissions of perfluorocarbons were at a record low for the company in 2017. EGA has signed an agreement with the University of New South Wales to research how to carry out further reductions. Perfluorocarbons, known as PFCs, are a group of greenhouse gases which have thousands of ...

Bloomberg China’s government seized temporary control of Anbang Insurance Group Co. and will prosecute founder Wu Xiaohui for alleged fraud, cementing the downfall of a politically connected dealmaker whose aggressive global expansion came to symbolise the financial overreach of China’s debt-laden conglomerates. The surprise move furthers President Xi Jinping’s anti-corruption and de-leveraging campaigns while providing a government backstop for the ...

Bloomberg In the pantheon of luxury carmakers, Hyundai Motor Co. doesn’t usually come to mind. But the Korean company’s Genesis line beat out German rivals to be named 2018’s best car brand in the US by Consumer Reports. In its debut year, Hyundai’s luxury line bumped Volkswagen AG’s Audi from top billing to the No. 2 spot, with premium mainstays ...

Bloomberg It’s looking increasingly likely Nafta talks will extend beyond a March target, meaning negotiators will have to deal with the added political uncertainty of a Mexican election campaign. Thorny issues such as content rules for cars remain unsolved as negotiators met on Sunday through March 5 in Mexico City for the seventh round of talks. When negotiations began six ...

Bloomberg Volkswagen AG’s US unit agreed to settle a lawsuit over the company’s marketing of clean-emissions vehicles, resolving a fight over consumer fraud claims days before it was scheduled to go to trial. The suit was dismissed on February 23 by Fairfax County, Virginia, Circuit Court Chief Judge Bruce D. White on agreement of the parties, according to a copy ...

Bloomberg Twenty-two states and the District of Columbia have joined the legal battle started by Mozilla Corp. and Vimeo Inc. to reverse the Federal Communications Commission (FCC) repeal of net neutrality. The Obama-era prohibitions, meant to prevent broadband service providers from slowing or blocking web traffic or demanding payment for faster speed across their networks, were rescinded by the FCC ...

Bloomberg They were informally called the “Hapsburg group,” a misspelled reference to the monarchy that ruled parts of central Europe through World War I. Under that umbrella, former European heads of state were secretly paid more than 2 million euros ($2.4 million) by Donald Trump’s former campaign manager, Paul Manafort, to aid lobbying for Ukraine, according to a superseding indictment ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the second round of Arab Hope Makers, the largest Arab initiative dedicated to celebrating philanthropic efforts. The initiative seeks to honour and promote the people who spread hope, and who encompass the values of giving, positivity and ...

Dubai / WAM Dubai has once again improved its innovation performance climbing one spot to rank 14th among 30 global cities on the 3rd Dubai Innovation Index, outperforming major business destinations such as Berlin, Madrid, Shanghai and Sao Paulo. The findings of the latest Index were released by the Dubai Chamber of Commerce and Industry on the sidelines of the ...