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Bloomberg The UK government won’t be able to insulate as many homes as planned before winter after it scaled back a £1 billion ($1.2 billion) boost to its flagship scheme to help some of the country’s poorest households curb their energy use. A plan was dropped to double the £1 billion of funding in the so-called Energy Company Obligation after ...

Bloomberg China held live-fire military drills in the Taiwan Strait on Saturday as US House Speaker Nancy Pelosi prepared to arrive in Asia. The exercises took place off the coast of Fujian province opposite Taiwan. A warning issued by the local maritime safety agency said the drills would be conducted near Pingtan, a county about 130 kilometers (81 miles) from ...

  Bloomberg The US is poised to deliver a bumper spring wheat crop in the upcoming weeks, which if realized could help relieve global shortfalls caused by turmoil in the Black Sea. Fields in North Dakota, the top producing US state, are forecast to yield a record high 49.1 bushels per acre of the grain, according to the final estimate ...

Bloomberg Canada’s economic expansion showed signs of moderating in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates. Output in June was on track for a small increase of 0.1% after stalling in May, Statistics Canada said. That follows three months of better growth between February and ...

  Bloomberg The UK’s bleak economic outlook and rising interest rates are finally biting into the country’s housing market, the latest figures from Britain’s lenders show. NatWest Group Plc reported net mortgage growth of £3.3 billion ($4 billion) in the second quarter, down from £3.6 billion in the same period last year. Barclays Plc reported near stagnant growth in home ...

  Bloomberg Manufacturers across the euro area are getting more worried about the economic outlook. The industrial confidence, a gauge compiled by the European Commission, dropped to a 17-month low this month and fears of energy shortages and never-ending supply chain disruptions are weighing heavily on the sector. Of the major four economies, only the readings for Germany were above ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Friday announced a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni. The discovery from a new deeper reservoir indicates between 1 – 1.5 trillion standard cubic feet (TSCF) of raw gas in place. This ...

  Dubai / WAM The Dubai Financial Market (DFM) has announced its consolidated financial results for the first half of the year ended June 30, posting a 63% increase in its net profit to AED63.4 million compared to AED38.8 million during the corresponding period of 2021. The net profit of the second quarter of 2022 increased by 134% to AED35.9 ...

  Abu Dhabi / WAM In line with the emirate’s commitment to adopting international best practices and making healthcare services further accessible to all community members, the Department of Health – Abu Dhabi (DoH), announced that Covid-19 vaccines and PCR tests will be available in pharmacies.. Covid-19 vaccines will be provided free of charge and the PCR tests will be ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has enhanced integration between different energy resources in its smart grid through its Virtual Power Plant (VPP), the first of its kind in the region. The first phase has aggregated the Distributed Energy Resources (DERs) operated by Dewa’s R&D Centre, and managed them as a single mixed portfolio of generation ...