Dubai / Emirates Business Dubai Chamber of Commerce and Industry recorded a 20% month-on-month (m-o-m) increase in the value of member companies’ exports to Africa in June, which reached AED 2.94 billion ($800 million). The value of exports and re-exports to Africa, tracked by Certificates of Origin (COOs) issued to Dubai Chamber member companies, signalled a rebound in trade activity ...

Bloomberg The Trump administration is relaxing Obama-era requirements stemming toxic heavy metal pollution from coal-fired power plants. Under the Environmental Protection Agency (EPA) rule, electricity companies would have more time and flexibility to treat power plant wastewater that contains mercury, arsenic and other toxic heavy metals. Older coal power plants that are shutting down or switching to natural gas by ...

Bloomberg Total SE will team up with Macquarie Group’s green bank to develop more than 2 gigawatts of floating wind farms off South Korea, the latest push by the French oil and gas giant to diversify into clean energy. Total and European peers such as Royal Dutch Shell Plc and BP Plc have vowed to reduce their exposure to fossil ...

Bloomberg UK electricity has never been cleaner. As wind, solar and biomass plants produced more power than ever in the second quarter, carbon emissions fell by a third from a year earlier, according to Drax Electric Insight’s quarterly report. Power prices slumped 42% as demand plunged during lockdown. “The past few months have given the country a glimpse into the ...

President Alexander Lukashenko’s Soviet-lite regime in Belarus has been dealt a blow from which it will not recover. Unfortunately, Russia can keep it on life support for some time to come. Thousands of demonstrators filled the streets of Minsk again last weekend, and the outrage remains palpable. That, unfortunately, may not matter. The Kremlin’s now overt backing has emboldened the ...

The troubles keep piling up for India, feted not long ago as a would-be commercial superpower. Economic data show the country is in far worse shape than previously thought, while it has overtaken Mexico to become the world’s third-largest tally of coronavirus cases. It will take the South Asian giant years, at least, to dig out from this hole. The ...

When Japanese Prime Minister Shinzo Abe announced his pending resignation last week for health reasons, he had been in office for nearly eight years, the longest such stint in Japanese history. But even that wasn’t long enough to fulfill the potential of his premiership. His successors would be wise to appreciate why. Abe will rightfully be remembered for the many ...

It’s too soon to say with any confidence that Joe Biden will be the next president of United States. But it’s not too soon to start determining what he needs to do on day one if he is elected. Once you get beyond addressing the coronavirus pandemic, it’s pretty clear that the highest priority Biden should have is reversing the ...

Bloomberg Walmart Inc’s answer to Amazon Prime finally has a launch date. The new subscription programme, dubbed Walmart+, will be available from September 15, the world’s largest retailer said in a statement. The program costs $98 a year, a discount to rival Amazon’s $119 annual Prime membership, and includes unlimited free delivery — including on groceries — plus gasoline discounts. ...

Bloomberg Air France-KLM is firming up a plan to raise funds by May of next year after agreeing a rescue package from the Dutch and French governments to help outlast the global aviation crisis. The carrier “intends to implement measures to strengthen its equity and quasi-equity,” Air France-KLM said in a statement Tuesday, reiterating a timeline given previously by Chief ...