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Bloomberg Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low. Chief Executive Officer Bernard Looney and his new management team gave more than 10 hours of presentations over three days last week, in a bid to show the world that the oil and gas ...

Bloomberg Japanese PM Yoshihide Suga declared his willingness to meet North Korea’s Kim Jong-un without preconditions, affirming the policy of his predecessor in his debut speech to the UN. Japan would seek to normalise ties with North Korea by resolving nuclear weapons and missile issues, as well as the past abductions of Japanese citizens, Suga told the General Assembly, in ...

Dubai / WAM In honour of the 90th Saudi National Day, Expo 2020 Dubai is celebrating the Kingdom of Saudi Arabia’s “significant” contribution to the first World Expo to be held in the Middle East, Africa and South Asia (Measa), region, and the largest event ever to be held in the Arab world. Mohamed Al Ansaari, Vice President, Communications, Expo ...

Sharjah / WAM The Sharjah Economic Development Department (SEDD) announced an increase of more than 100 percent in activities such as e-commerce, delivery services, “Eitimad” licences, and contracting licences of the fifth category compared to last year. In general, the total number of licences issued and renewed during August 2020 reached 5,788 with a growth rate of 48% as against ...

Dubai / WAM Dubai Economy affirmed that traders have the right to refrain from receiving or providing services to consumers and the public who do not commit to the Covid-19 precautionary measures, which are part of the protocols regulating the practice of commercial activities in the current phase. Health as well as safety of the public is a top priority ...

Bloomberg China aims to be carbon neutral by 2060, tightening its target to cut greenhouse-gases, and signaled higher spending on green technologies in the next five years, major pledge in the fight against climate change by the planet’s worst polluter. President Xi Jinping, speaking during a virtual United Nations General Assembly, also reiterated his goal for emissions to peak before ...

Bloomberg Russia’s increased presence in Belarus, where it’s helping strongman President Alexander Lukashenko retain power amid a wave of demonstrations, is putting nearby countries on alert. One is Estonia, which like its Baltic neighbours has been edgy since Vladimir Putin annexed Crimea from Ukraine in 2014 and backed a war on the two former allies’ border. More integration between Belarus ...

Abu Dhabi / WAM Mubadala Investment Company (Mubadala) an Abu Dhabi-based sovereign investor, and Sberbank, the largest bank of Eastern and Central Europe, on Tuesday signed a strategic agreement to explore opportunities of mutual benefits. The agreement covers cooperation in multiple areas, including co-investments, debt and equity financing, long-term financing of Mubadala projects in Russia and other territories, advisory services, ...

ABU DHABI / WAM The construction of the US pavilion at Expo 2020 Dubai will be completed in November, John Rakolta, the US Ambassador to the UAE, said on Tuesday. “The construction of the pavilion is progressing according to our schedule. We look forward to substantial buildings’ completion sometime around November 15,” he said during a virtual media roundtable with ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) and the National Aeronautics and Space Administration (Nasa) announced that they have signed a strategic agreement to train Emirati astronauts in Nasa. This partnership aims to prepare Emirati astronauts for advanced space missions by providing them with the highest level of expertise and knowledge. Under the agreement, four Emirati astronauts ...