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ECA awards AED1.2 million in funding for research projects

  ABU DHABI / WAM The Abu Dhabi Early Childhood Authority (ECA) has announced awarding AED1.2 million in funding across five significant research projects related to Early Childhood Development (ECD). The projects will be conducted by researchers and academics coming from local and international higher education institutions. The move comes within the ECA’s efforts to develop and implement an effective ...

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Dubai Chamber sees exports, re-exports surge to AED129b

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DUBAI / WAM The Dubai Chamber members’ exports and re-exports surged to AED129.4 billion during H1 2022, marking a 17.8 percent increase compared to the same period last year. The number of certificates of origin issued also rose 8.9 percent year-on-year to exceed 357,000. The growth momentum reflects the Chamber’s ongoing efforts to expand and improve its services that are ...

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UAE, France sign deal to maximise social, economic benefits of climate action

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  PARIS / WAM The Office of the UAE Special Envoy for Climate Change and the Government of France have signed a memorandum of understanding (MoU) to maximise the social and economic benefits of climate action and raise ambition for the implementation of the Paris Agreement, as well as support for the 28th United Nations Climate Change Conference of the ...

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UK moves to boost green hydrogen amid soaring gas prices

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Bloomberg Britain is moving forward with policies to ramp up its nascent green hydrogen industry that uses renewable energy as the government looks for ways to reduce dependence on imports of natural gas. The UK was expected to announce a new round of subsidies for the technology as it meets with industry leaders. Jane Toogood, an executive at Johnson Matthey ...

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Europe wind generation to rise, providing relief to power costs

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Bloomberg European wind generation is forecast to increase, providing some relief to soaring power prices amid a scorching heat wave sweeping across Europe. German wind generation is expected to more than double from the peak to about 18,000 megawatts, according to a Bloomberg model. That’s still well below the 48,663-megawatt high recorded in February. Higher winds are also forecast in ...

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Putin won’t use a nuke. Chemical weapons, maybe

Putin chairs strategic development and national projects meeting

As a former military commander of the North Atlantic Treaty Organization (Nato), I do a lot of speaking in the US and internationally about the war in Ukraine. The question I get asked most frequently is terrifying and simple: “Would Vladimir Putin use a nuke?” Fortunately, I think the odds of the Russian president doing so are extremely low. But ...

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Netflix shouldn’t take victory lap yet

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Netflix Inc has shown an uncanny ability in the past to bounce back from an unexpectedly poor showing in one quarter with a better-than-projected result the next time around. And so it was on July 19: After alarming the market with its estimate in April of a drop of 2 million subscribers for the second quarter, the video streaming giant ...

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Is China’s economic engine shrinking now?

  For a few decades now, China has been converging with the US economically. Depending how you measure it, its gross domestic product has either already passed that of its great global rival or is getting ever closer. Average incomes are still much lower in China, but by another key metric of living standards, life expectancy, China matched the US ...

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The cruelest cut in UK’s Tory leadership race

  A short time before voting closed in the latest elimination round of the Tory leadership contest, Michael Gove, a Conservative Party heavyweight whom Boris Johnson sacked from cabinet before his own downfall, made the case for Kemi Badenoch. Speaking to the think tank Policy Exchange, he called Badenoch his “intellectual superior,” who had three things the next leader needed: ...

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