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Bloomberg Europe is growing increasingly reliant on coal to keep the lights on as the weather turns cold, sending the cost of polluting to a record. Carbon prices exceeded 70 euros for the first time ever as utilities turn to the dirtiest of fossil fuels. Power plants in the UK are burning the most coal since the beginning of the ...

Bloomberg The Biden administration included Taiwan among the 110 invitees to its upcoming democracy summit, the State Department announced, a move that’s intended to show solidarity with a key regional partner but risks angering China. Taiwan was invited to join nations, including the UK and Japan, at the December 9-10 virtual summit, the State Department said on its website. The ...

Abu Dhabi / WAM The Federal Authority for Identity, Citizenship, Customs and Port Security, and the National Emergency Crisis and Disasters Management Authority have updated the entry procedures through land borders for the citizens of neighbouring countries and those living in border areas, who are repeatedly entering and leaving the UAE. According to the updated procedures, all Gulf Cooperation Council ...

OUAGADOUGOU / WAM Dr Fahad Obaid Mohammed Al Taffaq, UAE Ambassador to Nigeria and Non-Resident ambassador to Burkina Faso, has met with Burkina Faso’s ministers of Foreign Affairs and Economy, Finance and Development, several officials, and business people. He discussed relations between the two countries and ways to boost them. Al Taffaq met with Alpha Barry, Minister of Foreign Affairs, ...

Dubai / WAM The 5th edition of the decoration, design and building materials exhibition ‘DecoBuild 2021’ kicks off on Wednesday at the Dubai World Trade Centre and continue until November 27. The four-day event is organised by the Mohammed Bin Rashid Housing Establishment (MRHE) with the participation of more than 80 exhibitors from government institutions, private sector companies, as well ...

Bloomberg Shares of India’s pioneering digital payments startup Paytm plummeted for a second day after its $2.5 billion initial public offering, marking one of the worst debuts ever by a major technology company. The stock fell about 14% after a 27% plunge in its debut Thursday, cutting its market value to about $12 billion. The drop has hit individual investors ...

Bloomberg South Korea’s exports are poised to extend a run of double-digit gains in November, underpinned by chip and ship sales and signalling global demand remains solid in the run up to the year-end holiday season. The value of Korea’s overseas shipments advanced 27.6% during the first 20 days of this month, the customs office reported, following a 24% increase ...

Bloomberg President Joe Biden’s administration is considering whether to send American military advisers to Ukraine as Russian forces on that country’s border pose the threat of invasion, CNN reported. The network, citing unnamed sources, said the US was also looking into providing more weapons to Ukraine’s armed forces, including anti-aircraft stinger missiles. CNN added that some of the equipment, including ...

Bloomberg Prime Minister Boris Johnson will set out plans for a dramatic expansion of the UK’s electric-vehicle charging network by 2030 when the government will ban the sale of new gasoline and diesel cars. The aim is to add up to 145,000 new charging points a year to the system until the end of the decade, building on the 250,000 ...

Bloomberg German inflation may spike even higher than previously forecast this month with a rate just under 6%, according to the Bundesbank. About 1 1/2 percentage points of that will reflect a temporary cut in value-added tax and very low prices for travel-related services in 2020, the Frankfurt-based central bank said in its monthly report. German inflation already hit a ...