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Bloomberg The UK government should learn from California and incentivize energy-storage technology to help move away from dirty fuels, a cross-party panel of lawmakers said. Ministers should reform the Capacity Market, a subsidy program designed to lower the risk of blackouts, to reward both energy-storage projects and power users who lower consumption at times of high demand, Parliament’s Energy and ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, chaired the meeting of the Council, held on Thursday at the Abu Dhabi Crown Prince Court. The meeting reviewed updates on the progress of the ...

  Abu Dhabi / WAM A No. 1 membership under the ‘We Are All Police’ initiative was awarded to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in the presence of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. Sheikh Hazza ...

  Dubai / Emirates Business DAMAC Properties on Thursday announced the first ever project to be completed in Dubai South, with the handover of DAMAC Maison de Ville Tenora hotel apartments. The developer also announced that DAMAC Maison de Ville Celestia, another hospitality project in the area, is at an advanced stage of construction, with both projects offering investors the ...

  New Delhi / AFP Prime Minister Narendra Modi will look to reinvigorate the BRICS group of emerging nations at a summit this weekend with India seen as a bright spot in a bloc whose clout has been undermined by economic woes. BRICS — a club made up of Brazil, Russia, India, China and South Africa — was formed in ...

  Mumbai/ AFP Indian Finance Minister Arun Jaitley warned on Thursday that growing opposition to globalisation and free trade in Western countries would hurt the world economy, echoing concerns by the IMF and others. Jaitley told a gathering of officials from the BRICS group of emerging nations ahead of a summit this weekend that he was concerned about protectionist movements ...

Bangkok / AFP Thailand’s King Bhumibol Adulyadej, the world’s longest-serving monarch, has died at the age of 88, the palace announced on Thursday, leaving a divided nation bereft of a rare figure of unity. “Although the team of doctors treated him to the best of their ability, his condition deteriorated,” the Royal Household Bureau said in a statement. “At 15:52 ...

  Dubai / AP The US military directly targeted Yemen’s Houthi rebels for the first time on Thursday, hitting radar sites controlled by the insurgents after US warships came under missile attacks twice in four days. The Iran-backed rebels have denied carrying out the attacks, which saw missiles fired at US warships in the Red Sea on Sunday and Wednesday ...

  Bloomberg Foreign Secretary Boris Johnson has said predictions of “doom” for the British economy following the decision to leave the European Union are misplaced and “will continue to be proved wrong” as the U.K. negotiates its departure from the bloc. Britain will get a good deal from the remaining member states because it is in the interests of those ...

  Caracas / AFP Venezuelan President Nicolas Maduro can pass his 2017 budget without the approval of the opposition-majority legislature, the Supreme Court ruled, triggering an outcry from the leftist leader’s opponents. Maduro and the National Assembly have been at each other’s throats since the center-right opposition took control of the legislature in January, ending the left’s 17-year monopoly on ...