RAS AL KHAIMAH / WAM Ras Al Khaimah Departmentof Economic Development (Rakded) announced that exhibition organisers, wedding halls and event venues will be exempt from 100 percent of their licensing fees, violation charges and late payment penalties for 2021. The decision is in line with directives from HH Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler ...

Bloomberg Japan’s biggest utility and the owner of the wrecked Fukushima nuclear power plant said it needs atomic energy to meet its pledge to cut its carbon dioxide emissions in half by 2030. It will take time to boost capacity of renewable energy, such as offshore wind, which makes nuclear energy indispensable for the company to curb CO2 emissions 50% ...

Bloomberg Goldman Sachs Group Inc. is exploring a sale of its majority stake in Japan Renewable Energy Corp. that could raise about $2.5 billion. Goldman is working with financial advisers on the potential sale of its 75% stake in Japan Renewable, the people said, asking not to be identified because the matter is private. The sale has drawn preliminary interest ...

Bloomberg Coal India Ltd. approved an investment of about 473 billion rupees ($6.4 billion) on mining projects as the company seeks to boost output to replace imports of the fuel, the Kolkata-based miner said in an emailed statement. The approvals include eight new projects as well as expansion plans for 24 existing mines, Coal India said. The 32 sites will ...

Bloomberg Nest Corp., the UK’s biggest pension fund by members, will invest $347 million in renewable energy through a partnership with investment manager Octopus Renewables. Nest’s managers are looking to diversify fund’s holdings and support transition towards clean energy. It’s part of a growing wave of investment by institutional investors into renewable energy assets. “The energy transition will require a ...

Ten years ago, an earthquake triggered a tsunami that caused a meltdown. It wasn’t a mixed metaphor. Starting on March 11, 2011, people across the world watched agape as three nuclear reactors in Japan’s Fukushima Prefecture broke down and spewed ionizing radiation far and wide into land, sea and air. Such was the shock that another chain reaction took place ...

In sharing his vision for the type of bank he intends to run, Credit Suisse Group AG’s Thomas Gottstein has been blunt. The giant Swiss lender mustn’t lose sight of its discipline over taking risks, and while mistakes will always happen, “we have no tolerance for unprofessional behavior,” the chief executive officer said recently. His promises are already being tested ...

There was something of a watershed moment in the $21 trillion US Treasury market. After a period of relentless selling that pushed longer-term yields to their highest levels in a year, Federal Reserve Chair Jerome Powell had one last opportunity to quell investors’ nerves before the central bank’s self-imposed blackout period. Instead, he said that he’s not too bothered by ...

House Democrats are reportedly pressing President Joe Biden to reverse US policy on Cuba once again, returning to the detente that prevailed before Donald Trump took office. Biden should indeed take the first steps towards renewed openness — and put the onus on Cuba’s Communist leaders to respond. As with so many of his predecessor’s policies, Trump was quick to ...

Bloomberg Australia’s government will subsidise 800,000 half-price air fares as part of a A$1.2 billion ($920 million) package to prop up the nation’s ailing tourism industry. To run from April 1 to July 31, the discounted fares are designed to help tourism-dependent regions and should support airlines, hotels and hospitality venues, Prime Minister Scott Morrison said in a statement. The ...