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Bloomberg The first cold blast this winter that propelled European power and gas prices to their highest levels in years may be about to dissipate, but its impact will be felt for months to come. From a snow storm in Madrid to record spikes in the UK power market as wind dropped — the weather has been the main driver ...

Bloomberg Joe Biden will take the oath of office as president in a ceremony dramatically reshaped by the coronavirus pandemic and still-simmering threats of violence in Washington, casting a pall over the quadrennial celebration of American democracy. His swearing-in at the US Capitol on Wednesday will come amid an unprecedented cordon of security, with strict physical distancing measures in place ...

ABU DHABI / WAM The Ministry of Energy and Infrastructure is cooperating with federal and local authorities to achieves goals 6,7 and 11 of the Sustainable Development Goals (SDGs), through implementing projects and initiatives aimed at making cities and communities comprehensive, safe, flexible and sustainable by 2030, in line with the UAE Centennial 2071 and the ministry’s contributions to the ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) announced on Sunday that the company achieved the highest ever rate of Emiratisation in 2020. Some 42 percent of in-focus roles at EGA are now held by UAE nationals – exceeding the company’s long-standing goal of Emiratising 40 percent of these positions by the end of 2020. In-focus roles are all those ...

DUBAI / WAM The DED Trader licence, launched by the Business Registration & Licensing (BRL) sector of Dubai Economy (DED) to licence freelancers at their place of residence in Dubai and enable start-ups to conduct business activities online and across social networking accounts, has seen overwhelming response with 9,949 licences issued since its launch in 2017 till end of 2020. ...

Bloomberg Two of India’s richest men have landed in an unlikely controversy over farming laws, becoming targets of protesters who allege the tycoons have benefited from their close links to PM Narendra Modi. For weeks, tens of thousands of farmers have camped outside the nation’s capital, demanding the withdrawal of recently passed legislation they say, without evidence, was designed to ...

Bloomberg China will donate 500,000 coronavirus vaccine doses to the Philippines and vowed to accelerate infrastructure investment in the Southeast Asian nation as ties between the two improve. The pledge was made by Chinese Foreign Minister Wang Yi during meetings with Filipino counterpart Teodoro Locsin and President Rodrigo Duterte in Manila, according to statements from Duterte’s office and the Philippines’ ...

Bloomberg Nazara Technologies Ltd, the cricket games developer backed by billionaire Rakesh Jhunjhunwala, became the first Indian gaming technology company to seek a market debut as mobile entertainment takes off across the world’s No. 2 smartphone arena. The Mumbai-headquartered startup filed initial public offering documents with India’s market regulator. Its impending debut on the local exchanges could encourage other Indian ...

Bloomberg A Virginia man was arrested when he tried to enter a restricted area near the US Capitol with unauthorised credentials, a loaded handgun, and hundreds of rounds of ammunition, according to police. Wesley Allen Beeler of Front Royal, Virginia, was stopped by US Capitol Police at about 6:30 pm, according to a police report. He had driven up to ...

Bloomberg Surging house prices in the UK are making it more difficult for younger generations to follow the most common path for accumulating wealth, widening a gap between the rich and the poor. Homeowners are benefiting from the coronavirus crisis, with cheap borrowing and government tax cuts driving real estate prices to an all-time high last year. The cost of ...