July, 2022

• 8 July

  Seha announces Eid Al Adha holiday working hours

    Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) announced on Thursday the operating hours of its facilities during the Eid Al Adha holiday from July 8-11. In the Al Dhafra region, all emergency and urgent care units will operate 24 hours a day. Al Ain and Tawam Hospital’s emergency departments will also operate 24 hours a day. ...

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• 8 July

  Adma rolls out region’s first integrated maritime logistics certificate

  

    Dubai / WAM Abu Dhabi Maritime Academy (Adma), the maritime education and training arm of AD Ports group, announced on Thursday that it has rolled out a Maritime Logistics Certificate, the region’s first integrated certificate allowing trainees to work on a broad spectrum of maritime economics and shipping industry modules. This certificate comprises four core/mandatory units, including the introduction ...

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• 8 July

  World needs to spend $110bn a year to curb methane releases

  

  Bloomberg The world needs to dramatically ramp up spending tenfold to $110 billion a year to curb methane releases and avoid the worst of climate change, a new study has found. The potent greenhouse gas is responsible for nearly half of net global warming to date, yet just 2% of global climate finance is directed towards curbing releases of the ...

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• 8 July

  Gas price surge may slash UK’s cost to hit net-zero emissions

  

    Bloomberg Britain’s path towards zeroing out its greenhouse gas pollution may cost a third less than expected if natural gas prices remain elevated, analysis by government’s fiscal watchdog showed. The Office For Budget Responsibility examined how high fossil-fuel prices would impact the whole-economy cost of the UK reaching its target for net zero emissions by 2050. In 2019, the ...

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• 8 July

  VW breaks ground on $20bn battery unit’s first cell plant

  

    Bloomberg Volkswagen AG broke ground on a new battery plant in Germany on Thursday, saying the factory marks the first step in an effort that will generate more than 20 billion euros ($20.4 billion) in revenue annually by the end of the decade. The Salzgitter venture is one of six battery plants VW has planned for Europe. PowerCo, the ...

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• 8 July

  France to nationalise debt-laden EDF

    Bloomberg The French government will nationalize its financially struggling nuclear giant Electricite de France SA to help it ride out Europe’s worst energy crisis in a generation and invest in new atomic plants. “The climate emergency requires strong, radical decisions,” Prime Minister Elisabeth Borne said during a policy speech in parliament in Paris. “We need to have full control ...

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• 8 July

  European gas extends scorching rally as supply fears mount

  

    Bloomberg Natural gas in Europe headed for the longest stretch of daily gains in more than nine months as persistent fears of deeper supply cuts by Moscow spread through the market. Benchmark futures, which have doubled their value over the past month, surged as much as 9% for a seventh day of increases. The crisis has also sent power ...

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• 8 July

  At 5 years, India’s historic tax reform is out of fuel

  

  Five years ago, India’s federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services — marketed by Prime Minister Narendra Modi as “One Nation, One Tax, One Market” — replaced a bewildering array of local sales and entry levies. But the many compromises that were struck to bring more than 1 ...

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• 8 July

  Germany’s trade surplus disappears!

  

  In May, for the first time in more than three decades, Germany’s storied trade surplus disappeared. Not only is imported natural gas more expensive, but demand in China is falling — neither of which is good news for Germany. Nevertheless, the fallout will be more manageable than many people expect, the Germans included. For decades there has been too much ...

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• 8 July

  SoftBank is ‘unluckiest’ in venture capital world

    If the fiascoes at WeWork Inc and Greensill Bank AG were not enough, Klarna Bank AB should serve as another fine reminder that SoftBank Group Corp is the unluckiest whale in a crowded venture capital world. Founder Masayoshi Son somehow always manages to hold the worst cards. The Sweden-based fintech, known for its buy-now-pay-later offering, is in talks to ...

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