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  Bloomberg Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history. The government was focused on hosting the COP 26 climate talks and environmentalists were close to killing off one of the country’s largest oilfield developments, called Cambo. An industry that had excelled at prolonging its lifespan was at risk of sudden ...

Bloomberg The Texas grid operator called on residents to conserve energy after six generation facilities tripped offline amid hot weather, prompting power prices to spike. The power-plant failures resulted in a loss of about 2,900 megawatts of electricity, the Electric Reliability Council of Texas (Ercot) said. That’s enough power for about 580,000 homes and businesses. Natural-gas fired plants make up ...

Bloomberg Finnish President Sauli Niinisto phoned Russian President Vladimir Putin to say the Nordic country plans to seek Nato membership in the near term. The conversation with Putin “was direct and straight-forward and it was conducted without aggravations,” he said in a statement. The move would be a “mistake because there are no threats to Finland’s security,” Putin told his ...

Bloomberg Foreign ministers of the Group of Seven (G-7) industrialised nations blamed North Korea’s push for weapons of mass destruction for the humanitarian situation in the country, as state media reported more than 170,000 new cases in a worsening fever outbreak. In a joint statement following a meeting in northern Germany, the G-7 ministers expressed their grave concern about the ...

Bloomberg Elon Musk sowed new chaos into the market over his takeover bid for Twitter Inc, first claiming his offer was “temporarily on hold” and then maintaining he is “still committed” to the deal, sending the social media giant into a tailspin. The billionaire initially sent an early tweet saying the $44 billion deal is pending until he receives more ...

  Bloomberg Amazon.com Inc founder Jeff Bezos accused President Joe Biden of “misdirection” on Twitter in response to the US leader’s tweet saying inflation could be tamed by making wealthy corporations “pay their fair share.” The exchange began with Biden’s tweet: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” Amazon, which paid ...

  Bloomberg Michael Gove, the UK minister responsible for Boris Johnson’s flagship policy to boost disadvantaged regions, appeared to abandon a key aim of the project: to build 300,000 homes a year. Speaking to the BBC, Gove said the government will “do everything we can” to increase house building, but added “it’s no kind of success simply to hit target ...

  Bloomberg Tesla Inc can’t escape a trial over claims the automaker is responsible for the death of a Florida teenager who crashed a Model S into a wall at 116 miles an hour in 2018. A federal judge’s ruling paves the way for a trial in July, the first time Tesla will face a jury in litigation over a ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Ruler of Abu Dhabi, on Friday performed the funeral prayer for late His Highness Sheikh Khalifa bin Zayed Al Nahyan, at the Sheikh Sultan bin Zayed the First Mosque in Abu Dhabi. Performing the prayer as well were Their Highnesses the Sheikhs of the Al Nahyan family. Everyone ...

  Abu Dhabi / WAM “While people are proud of their achievements, we are proud of being the children of Sheikh Zayed, and while people talk of their history, we speak of the history of giving that began with the formation of the UAE,” said the late His Highness Sheikh Khalifa bin Zayed Al Nahyan, epitomising the nations’s approach from ...