June, 2022

• 6 June

  Al Jarwan, Hungarian president discuss ways to promote peace, tolerance

  

    Berlin / WAM Katalin Novak, President of the Republic of Hungary, met Ahmed bin Mohammed Al Jarwan, President of the Global Council for Tolerance and Peace, at the headquarters of the German Bundestag. The meeting came during his participation in an international forum held annually by the German Parliament and attended by representatives of world parliaments, governments, administrations, economic ...

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• 6 June

  UAE announces 452 new recoveries from Covid-19

    Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 231,541 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

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• 6 June

  Dewa encourages society to conserve electricity

    Dubai / WAM In conjunction with World Environment Day, held this year under the theme ”Only One Earth”, the Dubai Electricity and Water Authority (Dewa) organised several internal and external activities. It also launched an awareness campaign on its social media accounts to encourage society to conserve electricity and water and adopt sustainable practices that protect the environment and ...

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• 6 June

  Mubadala marks World Environment Day

    Abu Dhabi / WAM Mubadala Investment Company, an Abu Dhabi-based sovereign investor, on Sunday celebrated World Environment Day and the ongoing efforts and achievements of its partners the Mohamed bin Zayed Species Conservation Fund (MBZ Fund) and Emirates Nature-WWF. In 2021 Mubadala committed $1.5 million annually for three years to support the MBZ Fund conservation efforts for the protection ...

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• 6 June

  Dubai Sustainable Tourism celebrates 50 eco-friendly initiatives

  

  Dubai / WAM Dubai Sustainable Tourism (DST), part of Dubai’s Department of Economy and Tourism (DET), celebrated sustainable practices across the city to mark the 50th World Environment Day, as it strives to further enhance Dubai’s position as a leading sustainable destination. From desert conservation reserves, to sustainable restaurateurs and eco-hotels, to cultural pursuits and eco-tourism attractions, DET is shining ...

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• 6 June

  US orders refiners to boost biofuel quotas after gasoline prices surge

  

    Bloomberg The US is ordering refiners to boost the use of biofuels such as corn-based ethanol, as the Biden administration tries to strike a balance between competing political and economic pressures while gasoline prices soar. The US Environmental Protection Agency (EPA) is requiring refiners to mix 20.63 billion gallons of renewable fuels into gasoline and diesel this year — ...

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• 6 June

  Nikola founder Milton blocks firm’s share sale

  

    Bloomberg Nikola Corp’s founder and former chair Trevor Milton voted against a proposal by the clean-energy trucking startup that would have authorised new shares to potentially raise capital, throwing the outcome into doubt, according to people familiar with the matter. Milton’s vote led to the decision to immediately adjourn Nikola’s annual shareholder meeting to June 30 so the company ...

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• 6 June

  Western ‘unity’ is making Ukraine war worse now

  

  More than 100 days of war in Ukraine have not only unleashed multiple political, economic and environmental crises; Vladimir Putin’s invasion has also revived dangerous delusions in the West. A few months ago, acute divisions plagued the United States, the European Union and ties between them. Germany, Europe’s leading nation, had developed a mutually profitable relationship with Russia. Poland, a ...

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• 6 June

  Italy’s journey with meritocracy

  

  A “festival of economics” sounds like a contradiction in terms. What next? A bacchanalia of boredom? A celebration of sophistry? Thomas Carlyle dubbed economics “the dismal science” for good reason. Yet Turin’s International Festival of Economics lived up to its billing. Giuseppe Laterza, the festival impresario, got the inspiration of the festival from two sources: the Hay-on-Wye book festival in ...

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• 6 June

  Venture capitalists’ huge pay is tempting fate

    In recent days, prominent venture capital funds have come out with survival tips for their portfolio companies. While asking startup founders to tighten their belt is sound advice, it’s worth wondering when venture capital titans might be urged by their investors to scale back their own pay, too. Their compensation has been rising fast. Last year, median cash pay ...

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