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LONDON / WAM The path ahead to deliver innovation in energy sector is certainly challenging, but the UAE is a nation where innovation and creativity meets a positive attitude towards change and improvement, according to Dr Matar Al Neyadi, Under-Secretary of the UAE Ministry of Energy, speaking in the run up to the recent World Energy Council annual general gathering ...

Bloomberg Theresa May’s battle to get her Brexit legislation through Parliament hit a new roadblock as the opposition Labour Party threatened to unite with rebels among her Conservatives, eclipsing the small victory she brought home from a summit of European Union leaders. The UK prime minister returned from Brussels bolstered by encouraging words from her European counterparts, who signaled that ...

Bloomberg Auto-parts suppliers shares jumped in Asian trading after Wall Street Journal reported that Tesla Inc. reached an agreement with Shanghai’s government to build a fully owned manufacturing facility in the city’s free trade zone. “As far as I know, there is no such agreement,” Guo Lei, an official at Shanghai’s Economy and Information Technology Commission who is in charge ...

Bloomberg Singapore, among the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year. The government will cut the annual growth rate for cars and motorcycles to zero from 0.25 percent starting in February, the transport regulator said. “In view of land constraints and competing needs, there is limited ...

­­­­­­­­­­­Bloomberg HelloFresh, the meal-kit startup backed by Rocket Internet SE, is targeting a market valuation of as much as 1.5 billion euros ($1.8 billion) in an initial public offering this week, the company said in a statement. The company, which sells meal kits in 10 markets and remains unprofitable, set a price range of 9 to 11.50 euros a share. ...

Bloomberg President Emmanuel Macron’s government wants to change French culture to make the population less instinctively hostile to private enterprise. “I’m struck by the difference of the reality of life in companies and the way they are perceived in public discourse—especially by politicians,” Stanislas Guerini, a lawmaker in Macron’s Republic En Marche party, said. “There is often a black and ...

Bloomberg The way Tina Huang tells it, the path to her resignation from Twitter Inc. was a Kafkaesque experience. She said she was denied a promotion, led to believe her coding skills were inferior, asked to take a leave of absence, and scolded for taking that leave. Two years ago, she sued, contending that the company systematically thwarts the advancement ...

ABU DHABI / WAM The technological advancements the world is witnessing at present have significantly contributed to the changing character of war, Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, said in her speech at the Ministry of Defence organised ‘The Leaders Conference: War in the 21st Century’ event, which opened in Abu Dhabi. “Thanks to an ...

DUBAI / Emirates Business WETEX 2017 plays a vital role in supporting the efforts of the leadership of Dubai and the UAE on the global green economy and sustainable development map, said HE Saeed Mohamed Al Tayer, MD & CEO of Dubai Electricity and Water Authority. The 19th edition of the Water, Energy, Technology, and Environment Exhibition (WETEX), the largest ...

Bloomberg As money rushes into China’s fledgling biotechnology sector, Eli Lilly & Co. and other foreign drugmakers are scaling back. Eli Lilly, along with GlaxoSmithKline Plc, announced plans the past few months to cut research teams in China, after Novartis AG shuttered a biotech research unit there a year ago. “This closure comes after careful study and consideration, and is ...