Masonry Layout

  Bloomberg Chancellor of the Exchequer Rishi Sunak laid out a vision to cut taxes in the UK, establishing his credentials as a Thatcherite who can appeal to the members of his Conservative Party who are questioning Prime Minister Boris Johnson’s leadership following a succession of scandals. “I firmly believe in lower taxes,” Sunak said at the annual Mais lecture ...

  Bloomberg The UK’s cap on energy prices could spike another 50% in October to more than 3,000 pounds ($4,006) per household following huge gains in the wholesale natural gas and electricity markets, according to Investec Bank Ltd. The calculation assumes no change in prices over the remainder of the observation window that sets prices, but sustained market rallies could ...

  Bloomberg Grain markets catapulted even higher as Russia’s attack on Ukraine put a vital source of global supplies at risk. Wheat surged by the maximum allowed by the exchange, and corn earlier did the same. Milling wheat traded in Paris soared as much as 16% to a record, and oilseeds also bounded higher, heightening concerns of a further acceleration ...

  Dubai / WAM The Ministerial Development Council, chaired by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, held its meeting at Expo 2020 Dubai and discussed several key initiatives and projects aiming to further develop government work ecosystem. The council discussed a number of legislations including the organisation of family business, the ...

  ABU DHABI / WAM Tawazun Industrial Park (TIP), a subsidiary of Tawazun Economic Council (Tawazun), has announced the launch of a competition for unmanned systems, in collaboration with Khalifa University of Science and Technology. The announcement came on the sidelines of the UMEX Unmanned Systems Exhibition 2022 and the collaboration aims to attract young national talent and hobbyists to ...

  Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, the friendship relations and strategic partnership between the two countries. In a phone call, the two sides also reviewed a number of regional and international developments and issues ...

Bloomberg Wind power is making a comeback in Europe as three named stormed battered the region in recently, helping ease reliance on fossil fuels just as tensions over Ukraine are running high. Turbines in the European Union generated a record 14.9 terawatt-hours of electricity last week, with Germany producing the most wind power ever, according to data from research institute ...

Bloomberg US President Joe Biden unveiled sanctions targeting Russia’s sale of sovereign debt abroad and the country’s elites, responding to what he described as the start of Vladimir Putin’s invasion of neighboring Ukraine. “He’s setting up a rationale to take more territory by force,” Biden said at the White House. “This is the beginning of a Russian invasion of Ukraine.” ...

Bloomberg With President Joe Biden’s signature environmental legislation indefinitely stalled, progressive Democrats and activists are lobbying the White House to declare a “climate emergency” to unlock executive powers. The tactic could allow Biden to shut down crude oil exports, suspend offshore drilling, and redirect funding for clean energy projects. Former President Donald Trump used a similar step to divert billions ...

  Bloomberg The US Transportation Department is awarding some $450 million in grants for port-related projects to bolster capacity and improve the movement of goods as the US economy continues to be affected by congested supply chains, senior Biden administration officials say. “We’re proud to announce this funding to help ports improve their infrastructure — to get goods moving more ...