September, 2022

• 24 September

  Abu Dhabi launches ‘One Billion Steps Challenge’ for healthier lifestyle

  

  ABU DHABI / WAM Abu Dhabi Public Health Centre (ADPHC) has collaborated with the Ministry of Health and Prevention, Department of Community Development, Abu Dhabi Sports Council and the fitness app STEPPI to launch an interactive challenge that aims to encourage individuals to collectively walk one billion steps. The challenge has to be completed by the end of the 9th ...

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• 24 September

  European gas heads for fourth weekly loss as stockpiles fill up

  

  Bloomberg Natural gas prices in Europe headed for a fourth weekly loss, as ample supplies of liquefied natural gas (LNG) help countries fill reservoirs days ahead of the start of the heating season. Dutch front-month gas, the European benchmark, declined as much as 6%, and are on pace for a drop of about 5% this week. While prices have eased ...

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• 24 September

  Glennmont starts $698m renewable power fund

  

    Bloomberg Nuveen’s London-based renewable energy fund manager Glennmont Partners has raised $698 million to buy green power assets in Europe. Glennmont’s latest fund comes as the European Union plans to boost construction of clean-power generation to cut its reliance on gas imports amid an energy crisis sparked by Russia’s war in Ukraine. Glennmont will invest in technologies such as ...

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• 24 September

  Starwood, EnergyRe launch green real estate venture

    Bloomberg Private investment firm Starwood Capital Group and an affiliate of developer Related Companies have teamed up to start a venture that will sell clean energy products to big real estate owners. Radial Power will install solar panels, battery storage and electric vehicle charging stations to help large property owners hit their climate and clean energy goals, according to ...

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• 24 September

  India may boost coal power fleet 25% by 2030 amid rising demand

  

    Bloomberg India plans to expand its coal power fleet by about a quarter through the end of the decade as it continues to lean on the fuel to meet growing demand until energy storage costs fall. The world’s third-biggest emitter of greenhouse gases will add nearly 56 gigawatts of coal power capacity unless there’s a substantial drop in the ...

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• 24 September

  UK’s windfall tax on oil, gas firms to top $30.9b

    Bloomberg The UK expects to raise more than £28 billion ($30.9 billion) in the coming years from a windfall tax on oil and gas firms. The revenue will go toward offsetting the huge costs of subsidizing energy bills amid a cost-of-living crisis driven by soaring gas and power prices. The forecast was released as part of Chancellor of the ...

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• 24 September

  UK government to relax planning rules for onshore wind

  

  Bloomberg The UK government will relax planning rules for onshore wind to allow projects to be deployed more easily, marking a significant policy shift. Britain vowed to speed up the planning process for energy infrastructure including offshore wind farms and new oil and gas fields in Chancellor Kwasi Kwarteng’s mini-budget. Onshore wind was effectively banned in 2016, but developers were ...

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• 24 September

  Does Italian politics often stay in Italy? Maybe not

  

  What happens in Italian politics doesn’t often stay in Italy. From Fascism to Nazism; from Berlusconi to Trump; from the rabble-rousing Five Star Movement to the disruption wrought by social media, Italy has often served as a political laboratory for liberal democracies. So, would a victory in Sunday’s election by the far-right Brothers of Italy and its leader Giorgia Meloni ...

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• 24 September

  FedEx’s pricing power isn’t working!

  

  After carving a fifth off the market value of FedEx Corp when it withdrew its annual forecast and announced preliminary results that fell well short of expectations, investors were in a more forgiving mood for the full quarterly report. They mildly welcomed FedEx’s effort to chop as much as $2.7 billion of costs over the next 12 months to offset ...

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• 24 September

  Wartime economy of Europe will last for now

    The European “way of life” has always been a vague concept, but — after Covid-19 — it chimed with a new generation looking for la dolce vita. Citigroup Inc is one unlikely poster child. At its new office in Malaga, Spain, junior bankers can expect to be paid half the salary of their London peers — $100,000, reportedly — ...

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