Dubai / WAM In conjunction with World Environment Day, held this year under the theme ”Only One Earth”, the Dubai Electricity and Water Authority (Dewa) organised several internal and external activities. It also launched an awareness campaign on its social media accounts to encourage society to conserve electricity and water and adopt sustainable practices that protect the environment and ...

  Abu Dhabi / WAM Mubadala Investment Company, an Abu Dhabi-based sovereign investor, on Sunday celebrated World Environment Day and the ongoing efforts and achievements of its partners the Mohamed bin Zayed Species Conservation Fund (MBZ Fund) and Emirates Nature-WWF. In 2021 Mubadala committed $1.5 million annually for three years to support the MBZ Fund conservation efforts for the protection ...

Dubai / WAM Dubai Sustainable Tourism (DST), part of Dubai’s Department of Economy and Tourism (DET), celebrated sustainable practices across the city to mark the 50th World Environment Day, as it strives to further enhance Dubai’s position as a leading sustainable destination. From desert conservation reserves, to sustainable restaurateurs and eco-hotels, to cultural pursuits and eco-tourism attractions, DET is shining ...

  Bloomberg The US is ordering refiners to boost the use of biofuels such as corn-based ethanol, as the Biden administration tries to strike a balance between competing political and economic pressures while gasoline prices soar. The US Environmental Protection Agency (EPA) is requiring refiners to mix 20.63 billion gallons of renewable fuels into gasoline and diesel this year — ...

  Bloomberg Nikola Corp’s founder and former chair Trevor Milton voted against a proposal by the clean-energy trucking startup that would have authorised new shares to potentially raise capital, throwing the outcome into doubt, according to people familiar with the matter. Milton’s vote led to the decision to immediately adjourn Nikola’s annual shareholder meeting to June 30 so the company ...

More than 100 days of war in Ukraine have not only unleashed multiple political, economic and environmental crises; Vladimir Putin’s invasion has also revived dangerous delusions in the West. A few months ago, acute divisions plagued the United States, the European Union and ties between them. Germany, Europe’s leading nation, had developed a mutually profitable relationship with Russia. Poland, a ...

A “festival of economics” sounds like a contradiction in terms. What next? A bacchanalia of boredom? A celebration of sophistry? Thomas Carlyle dubbed economics “the dismal science” for good reason. Yet Turin’s International Festival of Economics lived up to its billing. Giuseppe Laterza, the festival impresario, got the inspiration of the festival from two sources: the Hay-on-Wye book festival in ...

  In recent days, prominent venture capital funds have come out with survival tips for their portfolio companies. While asking startup founders to tighten their belt is sound advice, it’s worth wondering when venture capital titans might be urged by their investors to scale back their own pay, too. Their compensation has been rising fast. Last year, median cash pay ...

  Inflation in the euro area surged to 8.1% in the year to May, yet again higher than expected. Up to now, despite signs that inflation was getting entrenched, the European Central Bank (ECB) had chosen to stand pat. It had its reasons, but they’re no longer persuasive. The ECB’s task is difficult, to put it mildly — and only ...

Bloomberg Frontier Group Holdings Inc sweetened the terms of its takeover offer for Spirit Airlines Inc and won support from a key proxy advisory firm, giving the ultra-discount carrier new momentum as it tries to fend off a rival bid by JetBlue Airways Corp. Frontier agreed to pay $250 million, or $2.23 a share, to Spirit if the deal collapses ...