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Bloomberg Days before it hosts United Nations negotiations over how to ramp up the global fight against climate change, the UK released a sweeping plan to decarbonize its economy by targeting everything from the finance industry to home heating. The masterplan will give British politicians something to tout as they put pressure on other nations to raise their green ambitions ...

Bloomberg Poland threatened to stonewall talks on the European Union’s climate pact unless it receives access to the bloc’s recovery package, raising the stakes of a meeting of the bloc’s leaders on Thursday. Coal-dependent Poland seeks to gain some leverage over the EU by linking further talks on cutting greenhouse gas emissions to tapping billions of euros in pandemic recovery ...

Bloomberg A White House-backed clean power program that was rejected by Senator Joe Manchin could be resurrected as a grant program that would reward states that increase clean energy. Lawmakers have been working on a Clean Energy Challenge Grant Program for states as an alternative, Representative Jared Huffman, a California Democrat, said in a telephone interview following a meeting with ...

Bloomberg Argentina’s government is freezing prices on 1,432 household items in an effort to cool accelerating inflation ahead of November’s midterm election and the Christmas holidays. Prices will remain fixed until January 7 on the products, a larger list than the roughly 900 items government officials had originally pitched to companies and supermarkets last week. Talks between the government and ...

Bloomberg The Bill & Melinda Gates Foundation said millions of courses of Merck & Co’s promising pill for Covid-19 could begin to reach lower-income nations early next year as the charity kicks in as much as $120 million to widen global access to the therapy. The funds will help spur generic-drug manufacturers, some of which have indicated they could produce ...

Dubai / WAM in5, an enabling platform for entrepreneurs, recently reached a new milestone as its start-ups crossed the AED1.4 billion investment mark, reaffirming Dubai’s leading position as an attractive destination for talent and entrepreneurship. The direct investments came through venture capital and angel investors. More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has thanked South Korea for its support to the UAE’s offer to host the Conference of the Parties (COP 28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Abu Dhabi in 2023. In a statement, Sheikh Abdullah said, “We ...

Dubai / WAM The Abu Dhabi Digital Authority (ADDA), the government entity leading the digital transformation in the government of Abu Dhabi, has signed a joint collaboration agreement with Amazon Web Services (AWS) during its participation at Gitex Technology Week 2021, which runs until October 21 at the Dubai World Trade Centre. The collaboration agreement comes as part of ADDA’s ...

ABU DHABI / WAM Taking place immediately after the UN climate meeting COP 26, Adipec will bring together hundreds of ministers, policymakers and business leaders from across the world to share perspectives on how hydrogen can potentially deliver a holistic, clean, integrated approach to the Middle East and North Africa (Mena) region’s energy sector. Held under the patronage of President ...

Bloomberg North Korea appears to have fired a submarine-launched ballistic missile for the first time in two years, adding to a series of tests demonstrating Kim Jong Un’s pursuit of nuclear-capable weapons that can evade US interceptors. The regime is suspected of launching an SLBM Tuesday from the eastern port of Sinpo into waters between the Korean Peninsula and Japan, ...