July, 2023

• 4 July

  Nato chief extends tenure as Kyiv forces advance

  

  BLOOMBERG Nato extended Secretary General Jens Stoltenberg’s by a year as the military alliance confronts Russia’s invasion, while Ukraine pressed forward with its counteroffensive in the country’s east. “In a more dangerous world, our great alliance is more important than ever,” Stoltenberg, whose extension was the third in the Norwegian’s tenure as the North Atlantic Treaty Organization’s chief, said in ...

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• 4 July

  CATL-backed Chinese firm seeks funds at $831m value

  

  BLOOMBERG An energy storage startup backed by Contemporary Amperex Technology Co Ltd is considering a round of fundraising that would value it at as much as 6 billion yuan ($831 million) to fuel further growth amid the global clean-power transition, according to people familiar with the matter. Contemporary Nebula Technology Energy (CNTE) is in talks with financial and strategic investors ...

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• 4 July

  Tesla’s June deliveries in China soar 20% as global sales hit record

  

  BLOOMBERG Tesla Inc’s deliveries from China in June increased almost 20% from a year earlier, after repeated price cuts contributed to the company’s record-setting second-quarter sales. The US electric-vehicle maker led by Elon Musk shipped a total of 93,680 cars from its factory in Shanghai in June, preliminary data from China’s Passenger Car Association (PCA) showed. That compares with 78,906 ...

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• 4 July

  Stock rally pauses in thin trading amid US holiday

  

  BLOOMBERG The rally in global shares paused in quiet trading as US markets were shut for a holiday. Europe’s benchmark Stoxx 600 edged higher on trading volume that was a quarter lower than the 30-day average. Real estate shares climbed, while J Sainsbury Plc fell as the UK grocer’s unchanged pretax profit forecast underwhelmed analysts. In Asia, Japan’s Nikkei 225 ...

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• 4 July

  South Africa to require crypto exchanges licensing by year-end

  

  BLOOMBERG South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator. The Financial Sector Conduct Authority (FSCA) has received about 20 applications since opening for licenses a few weeks ago, with more expected before the deadline of November 30, FSCA Commissioner Unathi Kamlana said in ...

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• 3 July

  Under the directives of UAE President, nation’s cabinet establishes UAE Ministry of Investment

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court; HH Sheikh Maktoum bin ...

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• 3 July

  Adnoc Gas awards $1.34bn in contracts for new gas pipeline

  

  ABU DHABI / WAM Adnoc Gas plc on Monday announced the award of $1.34 billion in contracts to Petrofac Emirates LLC and the Consortium between National Petroleum Construction Co PJSC and CAT International Ltd for the expansion of its natural gas pipeline network. Under the sales gas pipeline network enhancement (ESTIDAMA) programme, the new pipeline will extend Adnoc Gas’ existing ...

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• 3 July

  UAE strongly condemns Israeli attacks on Palestinian city of Jenin and its camp

  

  ABU DHABI / WAM The UAE strongly condemned the attacks by the Israeli occupation forces on the Palestinian city of Jenin and its camp through air strikes and shootings, which resulted in deaths and injuries. In a statement, the Ministry of Foreign Affairs (MoFA) called for the immediate halt of repeated and escalating campaigns against the Palestinian people, and urged ...

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• 3 July

  Opec+ strives for oil market stability through monitoring variables: Suhail Al Mazrouei

  

  VIENNA / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said the Organisation of the Petroleum Exporting Countries (Opec) and its allies in Opec + always strive to ensure balance in market fundamentals between supply and demand, to avoid an accumulation in global oil inventories that could lead to instability and speculative activities in global markets. In ...

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• 3 July

  With plenty of clean energy, Brazil aims for green hydrogen export market

  

  BLOOMBERG  The snake and armadillo-filled scrublands of Northeastern Brazil’s Serra da Babilonia, or Hills of Babylon, are as stunning as a first-rate national park. It’s here where renewable energy is transforming Brazil, and where the country’s green hydrogen economy is getting off the ground. Wind developer Casa dos Ventos just installed 80 turbines. The towers churn out enough power for ...

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