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  Bloomberg President Joe Biden’s plan to subsidize clean energy is “dangerous” and risks pushing the world toward protectionism, Britain’s Business Secretary Grant Shapps said, in the UK’s bluntest criticism to date of the US Inflation Reduction Act. European Union leaders say the US legislation will unfairly benefit American firms and violate World Trade Organization rules. To date, Prime Minister ...

  Bloomberg US Treasury Secretary Janet Yellen, declaring that African can help shape the future of the global economy, will set out why the Biden administration intends to elevate its focus on the continent over the next two years in a speech she’s slated to deliver Friday in Dakar, Senegal. “The United States is committed to building on Africa’s significant ...

  Bloomberg Australian employment unexpectedly fell last month while the jobless rate remained unchanged, sending the currency and bond yields lower as traders pared bets on a February interest-rate increase. Employers cut 14,600 roles in December — the first decline in five months — confounding expectations for a 25,000 increase, official data showed Thursday. Unemployment held at 3.5% after being ...

Bloomberg The Biden administration is planning to send about 100 Stryker armored vehicles in its next package of military aid to Ukraine worth about $2.5 billion. The US is poised to unveil the package as part of a broader announcement by western allies of new hardware for Ukraine that’s set for Friday, when defense ministers meet at Ramstein Air Base ...

  Bloomberg India dismissed as a “propaganda piece” a recently broadcast BBC documentary about the 2002 Gujarat riots and Prime Minister Narendra Modi’s role in the violence in his home state. More than 1,000 people — mostly Muslims — were killed in sectarian violence across the state after a train carrying Hindu pilgrims was burned allegedly by a Muslim mob. ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday held a fraternal consultative meeting with leaders of a number of brotherly countries. His Highness Sheikh Mohamed held the meeting with Sultan Haitham bin Tariq of Oman; King Hamad bin Isa Al Khalifa of Bahrain; Emir Sheikh Tamim bin Hamad Al-Thani of Qatar; King Abdullah ...

  Abu Dhabi / WAM Adnoc maintained in 2023 its position as the UAE’s most valuable brand for the fifth consecutive year, according to a new report from Brand Finance, the world’s leading independent brand valuation consultancy. Adnoc’s brand value increased by 11% year-on-year to reach $14.2 billion in 2023, an Adnoc statement said on Wednesday. Adnoc Brand Strength Index ...

Abu Dhabi / WAM Abu Dhabi Chemicals Derivatives Company RSC Ltd (Ta’ziz) announced on Wednesday the signing of a shareholder agreement with Fertiglobe, GS Energy Corporation (GS Energy) and Mitsui & Co., Ltd. (Mitsui), to develop an anticipated 1 million tons per annum low-carbon ammonia production facility at the Ta’ziz Industrial Chemicals Zone. The move is a further step in ...

  Abu Dhabi / WAM Abu Dhabi Distribution Company (ADDC) has signed a memorandum of understanding in collaboration with the General Authority of Islamic Affairs & Endowments (Awqaf) to invest approximately AED20 million in a project that will optimise air conditioning (AC) equipment in 850 mosques, which equals 65% of the mosques in the Abu Dhabi and Al Dhafra regions. ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Wednesday announced it has signed a contract with Distant Imagery, a UAE-based environmental technology company, to plant 2.5 million mangrove seedlings across Abu Dhabi using innovative drone planting technology adopted by the Environment Agency – Abu Dhabi (EAD). The new contract signed at the Abu Dhabi Sustainability Week (ADSW) ...