Masonry Layout

Bloomberg The cost of pollution in the European Union exceeded 50 euros ($60) per metric ton for the first time in the market underpinning the region’s energy transition. Carbon’s run of records in the past year has mirrored the EU’s resolve to ramp up its climate ambition. The bloc’s cap and trade system is a key tool to enact its ...

Bloomberg President Joe Biden sought to ease tensions with his political allies by quadrupling the limit on the number of refugees who can enter the US after months of administration wavering and reversals over increasing the cap. Biden said he would allow in as many as 62,500 refugees by the end of September, up from the historically low ceiling of ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) said its net profit for Q1 of 2021 surged by 125 percent to AED608 million compared to AED 270 million in Q1 of 2020, and up 26 percent against Q4 of 2020. The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement. ...

NIAMEY / WAM The United Arab Emirates on Monday sent a plane carrying 52 metric tons of food supplies to the Republic of Niger as part of its initiatives during the Holy Month of Ramadan. Amer Al Menhali, Charge d’Affaires of the UAE Embassy in Chad, said, “The UAE considers cooperation with the international community to be crucial, especially in ...

ABU DHABI / WAM Technology Innovation Institute (TII) on Monday announced that its Directed Energy Research Centre (DERC) has unveiled its Electromagnetic Compatibility (EMC) laboratories in Abu Dhabi, housed in a first of its kind facility in the Arab world. The facility is composed of three laboratories — an EMC semi-anechoic chamber, a pulsed power laboratory, and a low-noise emanation ...

Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, concluded its Silver Jubilee Season in spectacular fashion, etching its name in the history books to the delight of all in attendance. Having set out in October with the aim of breaking 25 Guinness World Records to honour the milestone anniversary, ...

Bloomberg A joint venture in Japan has scrapped plans for a coal-fired power plant, leaving the country with no new construction on the horizon as companies drop the dirty fuel amid tighter emissions rules and strong growth outlook for renewables. Kansai Electric Power Co and Marubeni Corp won’t move forward with a 1.3 gigawatt coal power project in Akita prefecture ...

Bloomberg Secretary of State Antony Blinken said the US will defend the “rules-based” global order as he prepares for meetings in the UK and Ukraine, part of an effort to keep US allies united against China and show support for a crucial ally in the face of Russian aggression. “Our purpose is not to contain China, to hold it back, ...

Bloomberg French President Emmanuel Macron will reassess the country’s recovery plan in September, possibly adding to the 100 billion euros ($120 billion) of stimulus his government is already injecting into the economy. Such a boost would arrive just six months before presidential elections, where management of the health crisis and the growth rebound are set to be key battlegrounds. Before ...

Bloomberg Verizon Communications Inc said it’s selling its media division to Apollo Global Management Inc. for $5 billion, a move that will jettison once-dominant online brands like AOL and Yahoo. The unit will be known as Yahoo after the close of the transaction, which is expected in the second half of this year, Verizon said in a statement Monday. Guru ...