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Rules guiding pollution cuts adopted at UN talks in Poland

Bloomberg Envoys at a United Nations conference adopted a set of steps on fighting climate change meant to guide efforts to rein in greenhouse gas pollution worldwide. The diplomats drawn from energy and environment ministries in almost 200 countries backed rules to implement the three-year-old Paris Agreement, which called for drastic reductions in the use of fossil fuels by the ...

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Apple nears 7-month low as more analysts cut iPhone estimates

Bloomberg Apple Inc fell with shares on course to close at their lowest level since April, as more analysts joined the chorus of bears and skeptics warning about the prospects for iPhone sales. The stock dropped as much as 2.9 percent, and shares are on track for their 10th negative week of the past 11. At current levels, Apple is ...

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‘Canada’s borrowing is crowding out firms’

Bloomberg A borrowing spree by the Canadian federal and provincial governments is threatening to increase costs for companies just as the economy turns, according to BlackRock Inc. Public-sector borrowing is set to swell as issuers including the federal government, Ontario — already the world’s largest issuer of sub-sovereign debt — and Alberta continue to run budget deficits, BlackRock’s head of ...

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PG&E accused of falsifying pipeline safety records

Bloomberg PG&E Corp, already under scrutiny for a deadly California wildfire last month, now faces potential penalties for allegedly breaking natural gas pipeline safety rules and falsifying records, state regulators said. The California Public Utilities Commission said that the state’s biggest utility owner systematically violated rules to prevent construction crews from accidentally damaging pipelines during excavations. PG&E also allegedly falsified ...

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Health investors get selective as US markets churn into 2019

Bloomberg Healthcare investors may have to be a bit more selective than they’re used to in 2019. With US health stocks poised to wrap up their second straight year of outperforming the broader market, the focus on hunting for innovation and next year’s winners is even more in vogue after recent market volatility. Small- to mid-cap biotechnology darlings that saw ...

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May’s Brexit deemed dead as cabinet splits

Bloomberg A majority of the UK cabinet considers Prime Minister Theresa May’s Brexit deal to be dead and three factions are discussing other options, including a second referendum, The Times reported. The rival groups plan to make opposing demands to May at a meeting next week, the newspaper said, without saying how it got the information. One group — Works ...

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Adnec inks 3-year deal to develop Sial Middle East

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) has signed a joint venture agreement with Sial Middle East, to work together to grow and develop the Sial Middle East event at the Abu Dhabi National Exhibition Centre through 2021. The strategic agreement enables Adnec to further promote Abu Dhabi as the region’s leading mice hub in international markets ...

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Data real wealth of future governments: Al Olama

Umm Al Quwain / Emirates Business Omar Sultan Al Olama, Minister of State for Artificial Intelligence (AI), stressed that data is the real wealth of future governments, and its main tools to develop the next generation of government services through the establishment of an effective system to exchange data at the level of federal and local entities in the UAE. ...

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ADFD announces completion of simulation training for NEP

ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, on Saturday announced the completion of a five-day simulation training initiative for its upcoming project, the National Export Programme (NEP). Aiming to bolster efforts to shape a diversified and sustainable national economy, the programme will contribute to enhancing the ability of ...

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Work on Rawda residences 43% complete: ECC

Dubai / Emirates Business Engineering Contracting Company LLC (ECC) re-affirmed its position as one of the most established and diverse contracting companies in the region with significant progress achieved in the construction of Rawda and UNA, two residential communities launched by Nshama in Town Square Dubai. ECC commenced work on Rawda residences in February 2018 and is currently 43% complete, ...

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