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Bloomberg Europe can reduce energy dependence on Russia quicker than previously estimated, Mario Draghi said in an interview with Corriere della Sera. “Diversification is possible and feasible relatively quickly, shorter than we imagined just a month ago,” the Italian prime minister said after reaching an agreement to increase gas imports from Algeria. “We have gas in storage and will have ...

Bloomberg Tesla Inc is calling back its workers in Shanghai to prepare for the initial resumption of production as soon as next week, after a weeks-long suspension because of the city’s strict lockdown to contain the Covid outbreak, people familiar with the matter said. The electric vehicle pioneer told some employees to enter a so-called “closed-loop” production system on April ...

  Bloomberg DiDi Global Inc will hold an extraordinary general meeting on May 23 to vote on delisting its shares from the New York Stock Exchange, a sign the ride-hailing giant is heeding Beijing’s call to address concerns about how its data is handled abroad. The company said in statement it won’t apply to sell shares on any other stock ...

  Bloomberg A group of investors led by BlackRock Real Assets and Mubadala Investment Co infused 40 billion rupees ($525 million) into the renewable energy unit of Tata Power Co, the Mumbai-based company said. The investor group will get about 10.53% stake in Tata Power Renewable Energy Ltd for the funds injected through equity and compulsorily convertible instruments, Tata Power ...

  Bloomberg When Surojit Chatterjee walked on stage at a Coinbase Global Inc conference in Bengaluru, India, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the audience that crypto investors would now be able to use the country’s online retail payments system to transfer funds to its local exchange. ...

Bloomberg Billionaire Roman Abramovich has travelled to Kyiv in a bid to restart peace talks between Russia and Ukraine, which stalled after evidence emerged of Russian atrocities against civilians. Abramovich met with Ukrainian negotiators to discuss ways of reviving the negotiations, according to people with knowledge of the matter. The Russian billionaire, who has longtime ties to President Vladimir Putin, ...

SAKHIR / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed with His Majesty King Hamad bin Isa Al Khalifa of Bahrain, the prospects of further consolidating the fraternal relations between the two nations across all fields. During the meeting, which took place at the ...

  Abu Dhabi / WAM The Ministry of Economy (MoE) has received the request to register the Investopia Summit trademark internationally, in line with the country’s accession to the Madrid Protocol for International Trademark Registration. Once the procedure is complete, the registration with World Intellectual Property Organisation (WIPO) will protect the Summit’s trademark in more than 125 countries that are ...

  MANAMA / WAM Ali bin Mohammed Al Rumaihi, the Minister of Information Affairs, has articulated the importance of the longstanding partnership between the United Arab Emirates and the Kingdom of Bahrain, and the progress it is steadily witnessing at all levels, thanks to the keenness of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Majesty King ...

  Bloomberg China is set to install a record amount of wind and solar power capacity this year as the country strives to meet climate goals while reducing its reliance on the rest of the world for energy. China will add 140 gigawatts of capacity from the clean energy sources, said Tao Ye, a researcher with the National Development and ...