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Dewa, Masdar reinforce clean energy partnership

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), and a delegation from Abu Dhabi Future Energy Company (Masdar), have discussed ways of developing their partnership on renewable and clean energy, and the various plans and projects that support the objectives of the UAE Centennial 2071. At the meeting, which was held ...

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Eskom urged to quit coal even as new plants being built

Bloomberg Eskom Holdings SOC Ltd should quit coal-fired generation over the next 20 years, Greenpeace Africa said, even as the beleaguered South African power utility presses ahead with new plants. Such a shift would require a massive overhaul at Eskom since coal-fed power is the backbone of its fleet, with two new stations currently under construction. But the debt-strapped utility, ...

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Tech leads stock slump as investors eye Fed, trade

Bloomberg US tech shares slumped as concern about trade tensions blunted optimism that slower-than forecast inflation would allow the Federal Reserve to cut rates. Treasuries climbed and oil fell. Chipmakers were among the worst performers as the S&P 500 Index slipped, with defensive sectors like utilities faring the best. The tech-heavy Nasdaq 100 declined the most in a week. The ...

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