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Abu Dhabi / Emirates Business ADX held two sustainability reporting workshops, titled ‘Enhancing the efforts of listed companies to disclose sustainability reports. The initiative is one of the pivotal axles of ADX’s broader programme to advance international best practices for sustainability across the Emirate, in line with the issuance of the Environmental, Social, and Governance (ESG) Disclosure Guidance for listed ...

Abu Dhabi / WAM According to statistics from Statistics Centre-Abu Dhabi (SCAD), in 2018, Abu Dhabi achieved progress in terms of its electricity production from solar energy, increasing from 17,986 megawatt-hours in 2011 to 249,695 megawatt-hours in 2018. The report also pointed out that 88.4 percent of the electricity produced from solar energy was transferred through the emirate’s electricity distribution ...

Bloomberg The US Commerce Department has started approving some suppliers’ applications for licenses to do business with China’s Huawei Technologies Co, partially reopening access to one of the biggest buyers of US technology. “We’ve had 290-something requests for specific licenses,” Commerce Secretary Wilbur Ross said in an interview with Fox Business Network. “We’ve now been starting to send out the ...

Bloomberg Tesla Inc said it’s planning to start delivering made-in-China Model 3 cars before late January, another sign that the company is nearing mass production in the world’s largest auto market. “We are making an effort to gradually deliver before the Spring Festival to let our customers drive our China-built Model 3 sedans back home for the holidays,” Tesla said ...

Bloomberg US President Donald Trump, touring an Apple Inc assembly plant in Texas, said he’s “looking at” exempting the iPhone maker from tariffs on goods imported from China. Trump made the remarks alongside Apple Chief Executive Officer Tim Cook at a Flex Inc facility in Austin, Texas, that is manufacturing Apple’s new Mac Pro desktop computer. Trump repeated previous comments ...

Bloomberg The US government has approved the sale of naval guns worth $1 billion to India in the biggest defense deal between the two countries in four years. Putting the US among the top three global arms suppliers to India, the State Department on November 19 of the possible foreign military sale of as many as 13 naval guns made ...

Bloomberg Amazon.com Inc filed a lawsuit challenging the Defense Department’s choice of rival Microsoft Corp for a Pentagon cloud-computing contract worth as much as $10 billion. The lawsuit, which was filed under seal in the US Court of Federal Claims in Washington, marks Amazon’s most aggressive push to defend its competitive edge in the lucrative and cutthroat world of federal ...

Bloomberg Audi AG said it is in talks to buy batteries from China’s BYD Co for its locally made cars, a move that would break the luxury automaker’s reliance on a single supplier in the country as it rolls out new electrified models. “We are in talks with BYD, but I cannot tell you details,” Gaby-Luise Wuest, Audi’s recently appointed ...

Bloomberg India will defer spectrum payments due from telecommunications companies for two years to help an industry ravaged by a year-long price war, mounting debt and a court decision last month demanding $13 billion in overdue fees. The moratorium will be for two years beginning April 2020, finance minister Nirmala Sitharaman told reporters after a cabinet meeting in New Delhi. ...

Bloomberg SoftBank Group Corp is in talks to receive as much as 300 billion yen ($2.76 billion) in financing from Mitsubishi UFJ Financial Group Inc, Sumitomo Mitsui Financial Group Inc and Mizuho Financial Group Inc, according to people familiar with the matter. The loans are part of the company’s regular financing, one of the people said, asking not to be ...