ABU DHABI / WAM In 2019, the UAE was ranked first in seven global health indexes, according to the Federal Competitiveness and Statistics Authority (FCSA). A report by the authority pointed out that the UAE was ranked first internationally in the “Low HIV Prevalence Index,” the “National Early Detection Programmes Index,” the “Low Rate of Health Problems Index,” the “Health ...

Dubai / Emirates Business Emirates has announced it will resume flights to Tehran (from July 17), Guangzhou (from July 25), Addis Ababa (from August 1), and Oslo (from August 4), expanding connectivity for customers with these latest cities rejoining its network across the Middle East, Asia Pacific, Africa, and Europe. This will take the airline’s passenger network to 62 destinations ...

Bloomberg Joe Biden called for setting a 100% clean-electricity standard by 2035 and investing $2 trillion over four years on clean energy, three people familiar with his plan said. The Democratic nominee’s new commitments mark a clear shift towards progressives’ environmental priorities and cutting the use of fossil fuels. The people briefed on his plan spoke on the condition of ...

Bloomberg California Resources Corp filed for bankruptcy, kicking off what could turn into the next wave of collapses among oil drillers and the businesses that depend on them. The company joins more than 200 oil explorers that have filed for court protection since 2015, and more may be coming in a matter of weeks. Denbury Resources Inc and Noble Corp ...

Bloomberg Two months after India announced a 900 billion rupees ($12 billion) loan program to aid power distributors punished by the pandemic, only a fraction has been utilised as many state applications have yet to meet the lending requirements, according to people familiar with the matter. The loans, announced by Finance Minister Nirmala Sitharaman, are among a raft of measures ...

Bloomberg The International Energy Agency (IEA) bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previously estimated, and demand should rebound sharply over the next three months as economic activity resumes, the agency said in ...

Bloomberg As much as $23 billion in capital needed for US clean energy projects could dry up amid the economic fallout from the coronavirus pandemic — threatening the growth of renewables into next year. That represents as much as 31 gigawatts of solar and wind projects that may be seeking tax-equity investments over the next 18 months, according to a ...

It is impossible not to marvel at the apparently indestructible gap between the buoyant stock market and the less-than-buoyant real economy of workers, companies and jobs. One must say “apparently indestructible,” because maybe there is some simple and obvious explanation that eludes your correspondent. Otherwise, either the stock market is too high, or the economic outlook is too low. One ...

With the $28 billion he’s raised working from home, India’s richest man wants to step into the breach created by the technology cold war between America and China. The two Silicon Valley tech giants that gave him a third of the money will help put him there. It’s an audacious plan. Politicians in many nations, including the US, the UK ...

The bad news is that people still have very little interest in flying in the middle of a pandemic. But the silver lining — for investors at least — is that at least some airlines are accepting and adapting to that reality. Delta Air Lines Inc said it would add back only about 500 flights in August, down from an ...