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Bloomberg Europe’s carbon market is nearing the psychologically important threshold of 30 euros ($33.70) a ton after signs the region will tighten rules on polluters and curtail supplies of allowances. The value of the securities that cover greenhouse gas emissions from industry and utilities has almost doubled in the past year, finishing at their strongest weekly close since 2006. That ...

Bloomberg After a scorching weekend across the US east coast, it’s Europe’s turn to dial up the air conditioners and fans this week. Temperatures could rise as high as 34 degrees Celsius (93 Fahrenheit) by Wednesday in London and other parts of Britain, compared with about 21 Celsius now, according to the Met Office. Paris is forecast to be as ...

Bloomberg Microsoft Corp rose to a record after topping quarterly sales and profit projections, fuelled by steady demand for cloud-computing services and a surprisingly strong Windows business. The company’s forecast promised robust growth will continue into next year. The software maker pledged “double-digit” percentage gains in sales and operating income for the year. Results are getting a boost from larger ...

BEIJING / WAM A UAE official has said that the upcoming state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will deepen ties and build on the foundation of the comprehensive strategic partnership announced in July of last year, during President Xi Jinping’s visit ...

ABU DHABI / WAM Bilateral trade between China and the UAE reached $11.2 billion in the first quarter of 2019, a 16.21 percent increase compared to the same period in 2018, said a top Chinese diplomat. “China-UAE trade is expected to maintain the mom-entum of rapid growth thro- ughout 2019 and beyond,” Ni Jian, the Chinese Ambassador to the UAE, ...

Bloomberg Oil jumped in after-market trading following the Iranian Revolutionary Guard Corp seizing a British oil tanker and a Liberian-flagged ship in the Strait of Hormuz, raising stakes in the critical oil chokepoint. Brent futures rose as much as 1.4 percent from its settlement, while WTI futures also edged higher after the seizure of the tankers. UK Foreign Secretary Jeremy ...

Bloomberg China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors can take a stake or control entities including wealth management units of commercial lenders, pension fund managers and currency brokers, the central bank said in a statement on ...

ABU DHABI / WAM Promoting our national heritage and preserving and documenting our history and traditions for future generations is of utmost importance to preserving our national identity, said HH Sheikha Maryam bint Mohamed bin Zayed Al Nahyan, during the inaugural Cultural Councils Initiative meeting. The Ministry of Culture and Knowledge Development hosted the Cultural Councils Initiative, a sector-focussed platform ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) and Careem announced the launch of their taxi e-hailing service in Dubai under a joint venture (JV) titled, ‘Hala’, which will officially offer its services to customers from September. The ‘Hala’ logo is designed to reflect the transformation of the taxi e-hailing experience provided through the partnership, which will be simpler, ...

ABU DHABI / WAM Abu Dhabi Airports has welcomed GoAir’s launch of two new daily flights, the first between Mumbai International Airport and Abu Dhabi, and the second to Delhi International Airport, further connecting the UAE capital to the two major Indian cities. GoAir’s inaugural flights from Delhi, India’s capital and Mumbai, the financial capital of the world’s 6th largest ...