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Bloomberg Slowing the pace of climate change in line with the Paris Agreement has clear economic benefits as global warming is increasingly seen as a risk to financial stability and the economy. Abiding by the Paris Agreement and limiting annual average temperature increases to 0.01 degree celsius reduces global income by 1.07% by 2100. That compares with a 7.22% hit ...

Bloomberg If the lament over a shrinking equity market has been momentarily drowned out in US by opening bells rung by red-hot debutantes, it’s only gotten louder on this side of Atlantic. Eighty-four companies have listed in Europe this year, the fewest in a decade by a mile, according to data compiled by Bloomberg. By deal value, it’s the lowest ...

Bloomberg Communications restrictions continued across Kashmir two weeks after India scrapped the region’s autonomy, while the fate of detained political leaders — including former chief ministers — remains uncertain. India aid all government offices along with around 190 schools would be reopened from Monday, however curbs in some parts of the capital Srinagar were reimposed after protesters clashed with police, ...

Abu Dhabi / Emirates Business Imkan has joined forces with the esteemed Chinese construction company (CNTC) appointing the internationally renowned company as the main contractor for its Pixel project. The developer carried out an official signing ceremony at Imkan’s head office, where ADCG CEO, HE Abubaker Seddiq Al Khoori, Dr Hamad Abdulqadir Al-Ali, Board member in Royal Strategic Partners LLC ...

Dubai / Emirates Business The National Election Committee (NEC) announced that candidate registration centres across the UAE are now accepting applications for Federal National Council (FNC) membership and will continue to do so until August 22, 2019. The official working hours of the centers extend from 8am to 3pm, Sunday to Thursday. In Abu Dhabi, candidate registration centres are located ...

DUBAI / WAM Government and private sector collaboration is key to overcoming challenges and driving further sustainable development in the UAE, a report by the Federal Competitiveness and Statistics Authority (FCSA) revealed on Wednesday. Titled, ‘Achieving the Sustainable Development Goals in the UAE — Private Sector Contribution’, the report, produced in collaboration with Oliver Wyman, noted how sustainable development is ...

ABU DHABI / WAM The UAE will join global celebrations for World Humanitarian Day, commemorated on August 19 every year. On this day, the UN Office for the Coordination of Humanitarian Affairs (UNOCHA) advocates on behalf of the entire humanitarian community, honouring humanitarian efforts worldwide and propagating the idea of supporting people in crisis. This year’s World Humanitarian Day is ...

Bloomberg Australian pension fund First State Super is on a hiring spree as it seeks to more than double in size to A$200 billion ($136 billion) within next four years. The Sydney-based firm’s investment team will grow to more than 100 people from 80 by 2022 as it builds out in-house expertise across equities, fixed income, infrastructure and direct lending, ...

Bloomberg Indonesian President Joko Widodo proposed record government spending next year to drive the economy to its quickest projected growth in seven years, counting on stimulus and investment to overcome risks from a global slowdown and escalating trade war. Southeast Asia’s largest economy is forecast to grow 5.3% next year, the fastest pace since 2013, the president said in his ...

Bloomberg There are sell-offs and there are sell-offs. But what occurred in Argentina is on a scale of its own. The local stock market tanked 45% in dollar terms and bond prices tumbled 34% after a surprise in the primary election on August 11 that was widely seen as foretelling a victory for the opposition populists when the presidential vote ...