March, 2022

• 18 March

  DCD launches platform to solve social challenges

    ABU DHABI / WAM The Department of Community Development (DCD) in Abu Dhabi has launched Wyakom, an online platform, that empowers community members to address pressing social challenges. In partnership with Al Tawajud Al Baladi, the first phase of this pilot will focus on the Khalifa City community. The platform will invite residents to identify solutions to specific social ...

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• 18 March

  ERC Ramadan programmes benefit 7mn people in Yemen

  

    ABU DHABI / WAM Around 7,035,000 people have benefited from the Emirates Red Crescent (ERC) Ramadan programmes in six Yemeni governorates, including Shabwa, Hadhramaut, Taiz, Hodeidah, Aden and Socotra, according to an ERC statement. Some 6,870,000 people benefited from the Ramadan Mir and Iftar project, while 165,000 people benefited from the Eid clothing initiatives. The programmes are in implementation ...

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• 18 March

  Nafl supports hosting third edition of Logix India in Dubai

  

    Dubai / WAM The UAE’s National Association of Freight and Logistics (Nafl) has extended its support to the Federation of Freight Forwarders Associations in India for hosting the 3rd edition of Logix India a month after both countries signed the Comprehensive Economic Partnership Agreement (Cepa) to boost their merchandise trade to $100 billion over the coming five years. The ...

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• 18 March

  France’s EDF starts rights offering for more than $3.4b

  

    Bloomberg Electricite de France (EDF) SA kicked off a deeply discounted rights offering of more than 3.1 billion euros ($3.4 billion), a stopgap measure as the state prepares to overhaul the ailing nuclear power giant. A broader reform of the debt-laden utility is planned by President Emmanuel Macron, who said some EDF assets should be nationalised. The firm, already ...

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• 18 March

  Italy to approve new aid to ease pain of energy price hikes

    Bloomberg Italy’s government is set to approve a new set of measures to cushion families and businesses from continuing increases in energy and fuel prices. The new aid won’t require additional borrowing for the time being, Prime Minister Mario Draghi said during a press conference in Rome. The package is set to be approved at a cabinet meeting. Financing ...

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• 18 March

  Church of England urges TotalEnergies to quit Russia

  

    Bloomberg TotalEnergies SE has been warned by two UK shareholders that they would divest their stakes if the French company fails to exit its businesses in Russia. The Church of England Pensions Board and the Church Commissioners for England are turning up the heat on the energy major’s Chief Executive Officer Patrick Pouyanne, a sign of the pressure companies ...

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• 18 March

  Spain eyes energy price cap as factories shut down

  

    Bloomberg Spain plans to set temporary limits on power prices in the coming weeks, in one of the boldest attempts in Europe to stem a surge in energy costs that has forced industries to shut operations and furlough workers. Ecological Transition Minister Teresa Ribera said she is confident the European Council will give the green light to limits at ...

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• 18 March

  Northvolt plans 60-GW battery plant in Germany

  Bloomberg Swedish battery-maker Northvolt AB is building a new plant in northern Germany as European car manufacturers accelerate their shift to electric vehicles. The factory, dubbed “Northvolt Drei,” would produce 60-gigawatt hours of battery capacity annually, the company said. Northvolt expects it to produce its first lithium-ion batteries in 2025. The new plant in Germany will boost Northvolt’s overall battery-cell ...

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• 18 March

  Putin has finally ended ‘German exceptionalism’

  

  As a young KGB officer stationed in Dresden, Vladimir Putin became fluent in German and went on to fancy himself quite the expert on his host culture. How ironic that decades later his actions have led to a turning point in German history that he won’t like, but the world should welcome. When Putin launched his unprovoked war of aggression ...

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• 18 March

  What’s next in family sedan category

  

  The recent surge in gasoline prices suggests we might see a reversal in consumers’ years-long shift towards trucks or sports-utility vehicles (SUV) back to more modest, fuel-efficient vehicles. But don’t expect automakers to go along. We’re not likely to have an adequate supply of the basic gasoline-powered family sedan ever again, thanks to the transition to electric vehicles, continuing supply ...

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