Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) joined the International Union for Conservation of Nature (IUCN) as a state member, announced Dr Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment, following a confirmation of the ministry’s membership application by the IUCN. “Carrying on the legacy of the founding father of the UAE, late Sheikh ...

Dubai / WAM dnata, one of the world’s largest air services providers, continues to adopt the latest technologies to deliver the highest level of safety and value for airline customers and help them provide travellers with confidence and peace of mind throughout the entire journey. In partnership with Uveya, a Switzerland-based technology company, dnata has successfully conducted a proof of ...

Bloomberg Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture paid $1.3 billion to settle a long-running dispute with Kazakhstan over revenue sharing. The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its first annual contraction in more than ...

Bloomberg Total SE is discussing a plan for 500 voluntary job cuts in France, where the oil company has 35,000 employees, CEO Patrick Pouyanne said. Pouyanne said talks are ongoing. “We’ll see, there’s a negotiation. It could be 300, it could be 700,” he said. He denied that Total has decided on reducing 700 positions, a number given by the ...

President-elect Joe Biden’s pledge to rejoin the Paris climate agreement sends an important signal to the world about US leadership. But the action will merely take us back to four years ago. To push us forward, on his first day in office, President Biden should bring together a group of G-20 leaders to join the US in endorsing a mandatory ...

Activist investing is hard work, even for tenacious veterans like Elliott Management Corp. The very mention of its name sends shivers up the spines of corporate fat cats. Yet, until recently, the US-based hedge fund hasn’t been able to scare up much success in Asia. Elliott has been in the region for years, picking battles with Korean chaebols and Hong ...

The impact of the housing market on the 2008 financial crisis couldn’t have been more different than what we’ve seen during this year’s recession. While housing acted as a strong headwind slowing the economic recovery 12 years ago, not it’s looking like a tailwind that will help lift the economy as we move past the pandemic in 2021. The damage ...

Angela Merkel has done it again: She’s “merkeled.” In German, that neologism means to hedge, delay, dilute and fudge — as the eponymous German chancellor is wont to do. There’s much to be said for this elastic style of politics, especially in the labyrinthine European Union. Merkel’s latest fudge, however, will weaken and undermine the bloc, and tarnish her legacy. ...

Bloomberg The Nordic region’s pace-setting push into green transport is set to extend from cars to the air-travel market. Iceland this month signalled plans to move towards carbon-free domestic flights by the end of the decade, while Sweden’s Heart Aerospace aims to deliver an electric plane specifically designed to ply routes linking remote Scandinavian settlements within six years. Coordinating the ...

Bloomberg British Airways will work with hydrogen plane startup ZeroAvia to speed the switch to hydrogen power for commercial aircraft. The partnership was announced, as the head of parent IAG SA prepared to outline the group’s plan to reach net-zero emissions at a United Nations climate summit. The legacy airline will work with the startup, which has already demonstrated a ...