Dubai / WAM The “My Book is Your Book” initiative to collect new and used books launched by the Union Coop has achieved great success after collecting more than 2,243 books in its first phase in just one week. In detail, Dr. Suhail Al Bastaki, Director of Happiness & Marketing Department at Union Coop, said that the initiative was ...

  Dubai / WAM du, from Emirates Integrated Telecommunications Company (EITC), has announced an exclusive offer to honour and empower UAE teachers to communicate and educate in their respective institutions. Designed specifically to meet their professional and personal requirements, the plan will offer teachers value for money, flexibility to educate out of class and connectivity in remote areas. du’s Educator’s ...

  Dubai / Gulf Time Emirates SkyCargo sets up an airbridge between Dubai and Pakistan to offer cargo capacity free of charge on flights to transport relief aid to people grappling with the damage caused by the devastating floods. Cargo capacity on all Emirates’ passenger flights to Pakistan will be available to organisations based at the world’s largest humanitarian hub, ...

  Bloomberg UK gas producers and electricity generators may make excess profits totalling as much as £170 billion ($199 billion) over the next two years, according to Treasury estimates that lay bare the revenue-raising potential of a windfall tax. Treasury officials will deliver the assessment to the next prime minister when they take office on September 6, according to a ...

Bloomberg Germany says it can’t rely on gas supplies from Russia this winter as Europe faces a crunch point in its energy crisis, with Nord Stream flows disrupted by maintenance this week and more works expected next month. Germany’s Economy Minister Robert Habeck is becoming increasingly pessimistic about the role of Russia’s Gazprom PJSC in supplying the vital fuel during ...

  Bloomberg France will extend aid for small and mid-sized companies struggling with surging energy costs until the end of the year, Finance Minister Bruno Le Maire told business leaders. The government will also loosen the conditions for firms to request financial help from the 3 billion-euro ($3 billion) fund, Le Maire said. “At the heart of our policy is ...

  Bloomberg The Spanish government will cut value-added tax on natural gas to 5% from 21%, in the latest step to blunt the impact on households and businesses of inflation running at its highest level in nearly four decades. The cut will start in October and last until the end of the year, Sanchez said in an interview with Spanish ...

  Bloomberg Indian Oil Corp., the country’s biggest refiner, said it plans to spend 2 trillion rupees ($25 billion) to achieve carbon neutrality in its operations by 2046. The company will target Scope 1 and 2 emissions under its net zero aim, Shrikant Madhav Vaidya, chairman of the state-owned refiner-cum-fuel retailer, said. It plans to achieve 60% of the goal ...

  It’s no surprise that for US allies in Asia, “Top Gun: Maverick” is the year’s most-watched American movie, topping the box office in South Korea, Japan and Taiwan. The simple tale of US might and gumption against an evil faceless opponent certainly resonates in a region that’s facing intensifying threats. But no one is placing bets that Tom Cruise ...

Federal Reserve Chairman Jerome Powell’s speech at last week’s central banking conference in Jackson Hole, Wyoming, was brief — but financial markets took notice. The S&P 500 fell sharply as investors adjusted their thinking on how tough the Fed was willing to be to get inflation back under control. Powell underlined that restoring price stability is the Fed’s “overarching focus” ...