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  Bloomberg The US is ordering refiners to boost the use of biofuels such as corn-based ethanol, as the Biden administration tries to strike a balance between competing political and economic pressures while gasoline prices soar. The US Environmental Protection Agency (EPA) is requiring refiners to mix 20.63 billion gallons of renewable fuels into gasoline and diesel this year — ...

Bloomberg Several explosions took place in the Ukrainian capital on Sunday with no casualties reported, Kyiv authorities said, while air defense forces shot down another Russian missile in the region. Kyiv was last struck around the end of April. The situation in the eastern Luhansk region, where Russian troops continue to storm the city of Sievierodonetsk, remains “extremely difficult,” Governor ...

  Abu Dhabi / WAM The late Sheikh Khalifa bin Zayed Al Nahyan’s journey was full of pioneering initiatives and decisions that focused on improving the lives of the UAE’s citizens and residents, as well as achieving the country’s supreme objectives and priorities. Sheikh Khalifa bin Zayed Al Nahyan was close to the late Sheikh Zayed bin Sultan Al Nahyan, ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Friday listed their petrochemicals joint venture Borouge plc, on the Abu Dhabi Securities Exchange (ADX), following the completion of Abu Dhabi’s largest-ever initial public offering (IPO) and the Middle East’s largest-ever petrochemicals listing. The IPO, which raised gross proceeds of more than ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa’s) awareness initiatives and programmes have supported energy and water conservation and educating society about the importance of protecting natural resources and reducing our carbon footprint. Dewa’s conservation activities have gained the support of its audiences with an increased turnout and positive impact. Saeed Mohammed Al Tayer, MD & CEO of ...

  Dubai / WAM Al Jalila Foundation, a member of the Mohammed bin Rashid Al Maktoum Global Initiatives, on Friday announced that it has been granted approval to receive charitable donations in cryptocurrencies, making it the first healthcare charity in the UAE to accept donations in digital money. Al Jalila Foundation also announced that it has partnered with a leading ...

Bloomberg Australia’s new government, elected with a promise to accelerate a shift away from fossil fuels, is holding talks with oil and gas giants to ease an energy squeeze that’s delivered a first major test. Officials are in discussions with companies on “how we can alleviate the immediate real pressure on businesses and households,” after gas prices surged and following ...

Bloomberg Hungary’s obstinate approach towards negotiating sanctions against Russia are undermining European Union unity and weakening the bloc’s position on the world stage, a senior Czech official said. Czech Minister for European Affairs Mikulas Bek said Hungarian Prime Minister Viktor Orban’s stonewalling against efforts to pass a sixth package of EU sanctions, including an embargo on most Russian oil, had ...

Bloomberg Argentina’s government is expecting record export levels this year as the nation benefits from the surge of commodity prices. South America’s second-largest economy is forecast to export $90 billion of goods this year, according to a senior government official who asked not to be named to discuss unpublished projections. That would be at least a 15% jump from last ...

Bloomberg Slumping US new car sales in May on continued high prices and low inventories have some analysts worried those lower-than-expected results could be a harbinger of a broader economic downturn. Sales of new cars last month fall to 12.8 million vehicles at a seasonally adjusted annualized rate, representing an 11% drop from April, according to data compiled by Wards ...