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COP28 Presidency rings in new era of climate finance on second day of UNGA

NEW YORK/ WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, rang the famous opening bell at the New York Stock Exchange to help raise awareness of climate finance in the US business community, as he began a programme of activities on the second day of the United Nations General Assembly (UNGA). This ...

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DIFC unveils five-year innovation outlook for financial services

DUBAI/ WAM Dubai International Financial Centre (DIFC), in collaboration with Refinitiv, a London Stock Exchange Group business and one of the world’s largest providers of financial markets data and infrastructure, today published a report titled “Drivers of Innovation in Financial Services”, revealing a five-year outlook for innovation in the financial services industry. Following the initial wave of innovation sparked during ...

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Chinese EV makers pin hopes on Europe’s fading auto dealers

BLOOMBERG Even before the European Union targeted imports of cheap Chinese electric vehicles, their makers faced another big challenge: winning over consumers who don’t know or necessarily trust their brands. At the heart of their strategy is the traditional dealership model that European carmakers have been exiting in favour of direct sales. BYD, Xpeng, Great Wall Motor and others hope ...

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