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Bloomberg A landmark 40-year-old law that’s been key to the growth of renewable energy in the US is being effectively overhauled, threatening to curb demand for solar projects. Federal regulators imposed new limits on which energy projects fall under the Public Utility Regulatory Policies Act, known as Purpa, which helped spur an entire generation of solar and wind farms across ...

Bloomberg Democratic presidential nominee Joe Biden predicted that big wins for his party in November could lead to an “epiphany” that convinces Republicans to join Democrats in pulling the country out of crisis. “If we win as big as we possibly can, there’s going to be a great, great epiphany that’s going to take place, as we Catholics say,” Biden ...

Abu Dhabi / WAM The first World Health Organisation (WHO) enlisted global clinical Phase III trial of Sinopharm CNBG’s inactivated vaccine to combat Covid-19 has started in Abu Dhabi in the United Arab Emirates, and has been inspired by the UAE Leadership’s vision and commitment to overcome the pandemic through a global collaborative effort. Sheikh Abdullah bin Mohammed Al Hamed, ...

Abu Dhabi / WAM The United Arab Emirates on Thursday sent an aid plane carrying 8 metric tons of medical supplies and testing kits to Burkina Faso. This aid will assist approximately 8,000 medical professionals as they work to contain the virus, bolstering the country’s efforts to curb the spread of Covid-19. “Based on the UAE’s leading and humanitarian role ...

ABU DHABI / WAM In 2019, the UAE was ranked first in seven global health indexes, according to the Federal Competitiveness and Statistics Authority (FCSA). A report by the authority pointed out that the UAE was ranked first internationally in the “Low HIV Prevalence Index,” the “National Early Detection Programmes Index,” the “Low Rate of Health Problems Index,” the “Health ...

Bloomberg Joe Biden called for setting a 100% clean-electricity standard by 2035 and investing $2 trillion over four years on clean energy, three people familiar with his plan said. The Democratic nominee’s new commitments mark a clear shift towards progressives’ environmental priorities and cutting the use of fossil fuels. The people briefed on his plan spoke on the condition of ...

Bloomberg Foreign Secretary Dominic Raab said the UK believes Russians tried to meddle in last year’s general election by disseminating documents relating to trade talks with the US. The opposition Labour Party released the documents to the press on November 27 last year, during the election campaign, saying they showed Prime Minister Boris Johnson was prepared to put the country’s ...

Bloomberg Britain ramped up its record bond-issuance plan to help the government finance a recovery from one of the worst economic downturns in the nation’s history. An additional 110 billion pounds ($138 billion) of bonds will be sold between September and November, according to the Debt Management Office, bringing total sale plans from the start of the fiscal year to ...

Bloomberg BMW AG signed a deal with Goldman Sachs Group Inc.-backed Northvolt AB for 2 billion euros ($2.3 billion) of battery cells to power the German company’s electric cars. Northvolt, a Swedish firm started by two former Tesla Inc. executives, will manufacture the cells using renewable electricity and deliver them from 2024 as part of a long-term contract, BMW said ...

Bloomberg The International Monetary Fund (IMF) warned that the rate of bankruptcy for small- and medium-sized businesses may triple this year in the absence of sufficient government support, threatening to stall the economic recovery and cause financial instability. A staff analysis of 17 countries suggests that bankruptcies for the firms could surge to 12%, from 4% before the pandemic, the ...