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Bloomberg Californian Governor Gavin Newsom will ban new hydraulic fracturing permits in the coming years as the state pushes to eliminate net greenhouse-gas emissions by 2045. His order to halt new permits by January 2024 follows calls from environmental groups for executive action after two Democratic state senators failed to pass legislation that would prohibit fracking altogether in 2023. The ...

Bloomberg France backed a military council that intends ruling Chad for a transition period following the president’s death, while a continental body said it was deeply concerned by the military takeover. The situation threatens “peace, security and stability” not only in Chad, but also the region, as well as the continent, the African Union (AU) said in a statement on ...

Bloomberg UK economic activity accelerated at the fastest pace in seven years this month, providing more signs of a strong rebound as the government began allowing stores and restaurants to reopen. A survey of purchasing managers rise in April to its highest level since 2013, and retail sales in March grew the most in nine months. Both indicators beat economist’s ...

Bloomberg US new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Purchases of new single-family homes increased 20.7% last month to a 1.02 million annualised pace after an upwardly revised 846,000 rate in the prior month, government data showed. The figure exceeded ...

Bloomberg Prime Minister Mario Draghi is seeking to restart Italy’s economy through a plan based on about $241 billion of European Union (EU) funding, with most of the cash allocated to digitalisation and transitioning to green technologies, according to a draft seen by Bloomberg. The windfall from the EU grants and loans will boost gross domestic product (GDP) by at ...

Bloomberg Brazil President Jair Bolsonaro enacted a budget that will likely keep growing in size this year, as the government faces competing demands to spend more during the pandemic and to fund lawmakers’ projects in their home states. Bolsonaro vetoed almost 20 billion reais ($3.7 billion) in expenses, including 12 billion reais that had been set aside for lawmakers’ projects ...

Dubai / WAM A wearable device that warns when social distancing is not being respected and a Jordanian programme helping vulnerable communities grow online businesses during lockdown are among five new projects selected from a call for Covid-19-related proposals from Expo 2020 Dubai’s Global Best Practice Programme. The hand-picked initiatives join 45 existing best practice projects, whose simple, effective and ...

Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals refinery and storage facility across the GCC and the first to be completely enabled by blockchain in the GCC. As part ...

ABU DHABI / WAM Zakat Fund has signed a strategic Memorundum of Understanding (MoU) with the Ministry of Foreign Affairs and International Cooperation (MoFAIC), to improve services rendered to UAE nationals overseas. The agreement, signed by Abdullah bin Aqeedah Al Muhairi, Secretary-General of the Zakat Fund, and Khalid Abdullah Belhoul, Undersecretary of MoFAIC, embodies the directives of the UAE visionary ...

ABU DHABI / WAM Annual charity initiative ‘Ataya’ announced that its new online shopping destination will be launched on Thursday. Organised by Emirates Red Crescent, Ataya has become a pillar of the Abu Dhabi’s cultural calendar and a hallmark in the field of social and humanitarian work in the UAE and across the world, according to a press release issued ...