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Bloomberg China may delay the launch of its national carbon market for power companies to the first half of 2021, according to a researcher who helped the government design the emissions trading system. Actual trading of emission allowances will likely begin next year, Zhang Xiliang, director of Tsinghua University’s Institute of Energy, Environment and Economy, said at the International Finance ...

Bloomberg President-elect Joe Biden is delivering a not-so-subtle rebuke to President Donald Trump with his choices of nominees to lead two key national-security agencies. For his director of national intelligence, Biden has selected Avril Haines, a former top CIA official with years of experience in the espionage community who would fill a job that Trump had largely reserved for people ...

Dubai / Emirates Business AquaChemie Middle East — a leading chemical sales and services company and part of the UAE-based AquaChemie Group — on Monday broke ground on its strategic,world-class petrochemical terminal in DP World’s flagship, Jebel Ali Port, Dubai. The AED 150mn ($40 million) project will serve as a vital gateway, facilitating and boosting the growing petrochemical trade between ...

DUBAI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the latest oil discoveries in the Emirate of Abu Dhabi will drive economic growth in the UAE and strengthen its position as a credible energy supplier. The Supreme Petroleum Council (SPC), announced the discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22 ...

ABU DHABI / WAM Nawah Energy Company, Nawah, the joint venture nuclear operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco), recently celebrated the graduation of the first UAE National leaders from its Barakah Nuclear Energy Plant Management Certification program. Nawah has designed the program to develop UAE National leaders in managing ...

DUBAI / WAM Moro Hub (Data Hub Integrated Solutions) a wholly-owned subsidiary of Dubai Electricity and Water Authority (Dewa) has announced its collaboration with IBM to launch IBM Power Systems as a cloud service for the first time in Dubai. The new cloud service will enable organisations to benefit from improved performance and high data processing speeds, while reducing operating ...

Bloomberg The UK energy regulator is proposing an increase to its energy price cap to help utilities cope with additional costs from customer bad debts brought on by the pandemic. Workers have lost jobs, been furloughed, or are working from home, increasing domestic energy use and some customers are struggling to pay their bills, Ofgem said in a consultation document. ...

Bloomberg President Donald Trump is facing rising pressure from prominent Republicans to begin a transition to President-elect Joe Biden — or even concede defeat — as Trump’s long-shot legal challenges failed to gain traction. Several key allies for Trump appeared to lose their patience over the weekend. Senators Lisa Murkowski of Alaska and Kevin Cramer of North Dakota — one ...

Bloomberg Health Secretary Matt Hancock said the UK plans to start rolling out two coronavirus vaccines next month before the program gathers pace in the new year, with a return to “normal” possible in the spring. Hancock was responding to trial results announced on Monday by the University of Oxford and AstraZeneca Plc showing their Covid-19 vaccine prevented a majority ...

Bloomberg Jeff Bezos gave $684 million of Amazon.com Inc stock to non-profits, days after posting on Instagram that he’d chosen 16 organisations to be the first recipients of money from the Bezos Earth Fund. The world’s richest man donated 220,825 shares of the e-commerce juggernaut, according to a filing with the US Securities and Exchange Commission. The Amazon founder has ...