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Bloomberg The European Union proposed that the bloc cut its natural gas consumption by 15% over the next eight months in a plan that would affect all households, power producers and industry. The move reflects mounting concern that Russia will halt gas exports to the region in retaliation for sanctions following its invasion of Ukraine. A cutoff would threaten EU ...

Bloomberg Ranil Wickremesinghe was voted in as Sri Lanka’s president backed by a majority of lawmakers from ousted leader Gotabaya Rajapaksa’s party, a development that could reignite street protests in the bankrupt nation and scuttle bailout talks with the International Monetary Fund. Wickremesinghe, 73, beat Dullas Alahapperuma, an opposition-backed candidate who had the support from a faction within the ruling ...

PARIS / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan left Paris on Tuesday concluding a two-day state visit to the French Republic. His Highness Sheikh Mohamed bin Zayed was seen off at Orly Airport to the sounds of the UAE national anthem. During the visit, the UAE President met with President Emmanuel Macron and a number of ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has announced the launch of the second edition of “The Outliers Programme”, bringing together leading corporate and government partners including Aldar, Department of Culture and Tourism – Abu Dhabi (DCT) and Department of Health – Abu Dhabi (DoH), and Thales to present business and operational challenges for tech startups ...

  AL AIN / WAM Zaki Anwar Nusseibeh, Cultural Advisor to the President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Chancellor of the United Arab Emirates University (UAEU), has congratulated the faculty and staff of the university for having once again achieved international accreditation by the Western Association of Schools and Colleges’ (WASC) Senior College and University Commission ...

  Dubai / WAM The Dubai International Financial Centre (DIFC) Courts on Tuesday released its figures for the first six months of 2022, reaffirming increased efficiency of process for businesses engaged with the region’s prime jurisdiction for dispute resolution. The volume of cases across all the divisions recorded a 10 percent increase in the first half of this year, compared ...

Bloomberg China vowed to take a “resolute and strong” response to any Taiwan visit by US House speaker Nancy Pelosi, setting the stage for a possible showdown over the reported landmark trip. Pelosi’s plan to lead a delegation to Taipei next month, which was reported by the Financial Times, would have a “grave impact” on US-China ties, Foreign Ministry spokesman ...

Bloomberg China flatly denied a report that President Xi Jinping had invited top European leaders to meet him in Beijing later this year, and was still awaiting their response, as tensions fray between Beijing and the bloc. “I don’t know what’s their source of information,” Chinese Foreign Ministry spokesman Zhao Lijian said Tuesday, referencing the South China Morning Post report. ...

Bloomberg The few commuters who braved the heat of London’s Underground transport system had to endure temperatures deemed too hot to safely transport cattle, showing the brutal conditions sweeping through Europe and impacting everything from transport to food and energy production. Intense heat caused London’s Luton Airport to halt flights for runway repairs, while Wales set a new record and ...

  Bloomberg Canadian home prices saw their biggest monthly decline in at least 17 years as the impact of higher interest rates began to spread across the country. The benchmark price of a home falls 1.9% in June versus the previous month, according to data by the Canadian Real Estate Association. That’s the third straight month of falling prices, and ...