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Bloomberg The UK’s long-promised strategy for reducing carbon emissions from heating drafty homes will be published next month, Business Secretary Kwasi Kwarteng said, as the government gears up to host a key climate change summit in the fall. During a media round, Kwarteng suggested the so-called heat and buildings strategy may include a plan for phasing out gas boilers. He ...

Bloomberg North Korea threated a “security crisis” over US-led military drills, in what appeared to be a campaign to pressure South Korea’s pro-engagement president for greater support before he leaves office next year. Training exercises scheduled to start on Monday risk sinking a two-week-old deal between Seoul and Pyongyang to improve ties, said Kim Yong Chol, a North Korean ruling ...

Bloomberg Senate Democrats took a major step towards the biggest expansion in decades of federal efforts to reduce poverty, care for the elderly and protect the environment, passing a $3.5 trillion budget framework that opens the way for President Joe Biden’s economic agenda. The party-line 50-49 vote marks an abrupt reversal from the tax-cutting philosophy of Republicans when they controlled ...

Bloomberg European Sustainable Growth Acquisition Corp is buying Germany’s ADS-TEC Energy GmbH, which creates technology used for electric charging platforms, in a deal that will give the combined firm a market value of about $580 million. The transaction with the special purpose acquisition company, or SPAC, includes a $156 million private investment in public equity, or PIPE, with investors such ...

Bloomberg Germany will expand Covid-19 testing requirements for non-vaccinated people and end free tests to prod more residents to roll up their sleeves. Starting later this month, negative results will be required for people who haven’t been inoculated or can show they’ve recovered from the disease to eat in restaurants, go to the hairdresser and attend sporting events. The government ...

Bloomberg Rivian Automotive Inc, the electric-vehicle startup backed by Amazon.com Inc, is in talks to invest at least $5 billion to build a factory near Fort Worth, Texas, according to a document obtained by Bloomberg News. The factory — codenamed “Project Tera” according to the document — will be able to produce 200,000 vehicles a year, and will create at ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), since its establishment in 1971, has financed thousands of development projects that significantly impacted millions of lives in 97 developing countries around the world. The projects have contributed to advancing economic growth, improving access to healthcare and education, and building modern infrastructure, including road, railway and water networks as well ...

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council (SEC), on Tuesday, chaired the weekly meeting of SEC, in the presence of HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC, and HH Sheikh Sultan bin ...

DUBAI / WAM Dubai Chamber member companies’ exports and re-exports to West Africa surged by 42 percent in the first five months of 2021 to reach a record $387 million, fuelled by a recovery in trade activity, according to a recent analysis. The analysis was released by Dubai Chamber of Commerce and Industry as it prepares to host 6th Global ...

DUBAI / WAM Digital DEWA — the digital arm of Dubai Electricity and Water Authority (Dewa), one of Dubai 10X Initiative — and du, from Emirates Integrated Telecommunications Company (EITC), have entered a strategic partnership which resulted in the implementation of the region’s first Industrial private 5G slicing through 5G stand-alone (SA) technology. Through the collaboration, Digital Dewa’s InfraX, the ...