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DUBAI / WAM DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise –announced an up to 30 percent discount rate on licence fees for companies with membership of the UN Global Compact. The UN Global Compact is the world’s largest voluntary sustainability initiative that encourages businesses worldwide to adopt sustainable and socially ...

Bloomberg Vestas Wind Systems A/S, the world’s largest maker of wind turbines, has pledged to eliminate all waste in the production of its machines by 2040 as part of its drive to hit carbon neutrality by the start of the next decade. With wind power estimated to make up more than a quarter of the world’s power mix by 2050, ...

Bloomberg Sono Motors, the embattled German startup working to serially produce a solar-charged electric car, said it’s achieved a crowdfunding goal that will let the company stay in business. The sum passed its $55 million goal, the Munich-based company announced in a tweet. It had hoped to raise the amount by January 21. Sono announced the move to crowdfunding in ...

Bloomberg Two units at the Hwange thermal power station have been returned to service after flooding occurred on January 18 and caused the power station to be forcibly shut, the Zimbabwe Power Co said. “Units 1 and 4 returned to service this morning, while unit 2 is expected back in service by day end,” the Zimbabwe Power Co said. The ...

Bloomberg Iran will withdraw from a major non-proliferation treaty (NPT) if European nations attempt to refer the Islamic Republic to the UN Security Council over its infringements of the 2015 nuclear deal, the country’s foreign minister said. The UK, France and Germany said last week they would trigger the accord’s dispute resolution mechanism, which could eventually mean the matter being ...

Bloomberg The Taliban’s offer to reduce violence for several days ahead of fresh talks with the US would not bring the war-torn nation any closer to peace when the majority of the country remained excluded from the negotiations, a senior Afghan official said. “The plan for violence reduction or anything of its kind is a vague proposal” that can deceive ...

Bloomberg South Korea is considering different ways to allow its people to travel to North Korea despite a US warning to proceed with caution in visiting a country under extensive international sanctions. The Unification Ministry said on Monday the government is looking at measures that include allowing South Koreans to go to North Korea directly through previously established land crossings ...

Bloomberg Malaysia’s ruling coalition may fail to hold on to power if it doesn’t stop the infighting that has eroded public support, PM Mahathir Mohamad said. His administration “could be” a one-term government unless it changes, adding he isn’t “too confident” in the next generation of leadership. He spoke at a meeting with reporters in Malaysia’s northern city of Langkawi ...

Bloomberg Thailand’s second-biggest opposition party faces possible dissolution on Tuesday in a court case that could spur more pro-democracy protests against a military-backed government. The Constitutional Court will rule on a petition that the Future Forward party and its leaders want to overthrow the monarchy, which sits at the summit of power in Thailand. One of the claims is that ...

Bloomberg Bombardier Inc’s deal with Airbus SE to rescue its long-delayed and over-budget jetliner programme was supposed to be a lifeline for the struggling manufacturer. Now the Canadian company is rethinking the joint venture, pushing the iconic train and plane maker to the brink once more. The shares posted their biggest loss ever — Bombardier is almost a penny stock ...