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Bloomberg Tencent Holdings Ltd and China UnionPay Co will soon unify the mobile codes that consumers scan to pay for purchases, granting the Chinese central bank-backed network a bigger foothold in a $27 trillion payments arena. Tencent and UnionPay have agreed to integrate their QR code systems, allowing their respective customers to transfer or spend money using the same smartphone ...

Bloomberg A group of Barclays Plc shareholders have filed what they say is the first climate change resolution at a European bank, taking aim at the lender’s support of fossil fuels. Eleven institutional investors and more than 100 individuals urged Barclays to say how it will phase out financing energy firms that don’t align with the Paris Agreement climate goals, ...

Bloomberg Thailand’s trade surplus with the US exceeded $20 billion, raising the chances it will be added to the US Treasury’s watchlist of currency manipulators. The surplus reached $20.05 billion in the 12 months through November, according to US Census Bureau data released in Washington. That exceeds the $20 billion limit the US Treasury has set for bilateral goods trade ...

Bloomberg Riksbank Governor Stefan Ingves signalled that the bank’s decision to raise its main rate to zero last month won’t be followed by more tightening for a very long time. According to minutes of the bank’s December meeting, Ingves said he’s even willing to let inflation exceed the bank’s target for a while. That said, he also defended the decision ...

ABU DHABI / WAM Abu Dhabi Convention & Exhibition Bureau, ADCEB, and PCMA have signed a strategic training and partnership agreement at the PCMA Convening Leaders 2020 conference, which was held this week in San Francisco, USA. As part of the agreement, PCMA will support ADCEB – which is part of the Department of Culture and Tourism – Abu Dhabi, ...

Abu Dhabi / WAM Miral, an Abu Dhabi Government-backed developer, on Wednesday finalised a partnership with Etihad Airways, the national airline of the United Arab Emirates, to secure exclusive naming rights of Yas Bay Arena. As part of the agreement, Abu Dhabi’s first-of-its-kind multi-purpose, indoor entertainment venue will officially be named Etihad Arena. Tony Douglas, Group Chief Executive Officer of ...

Abu Dhabi / WAM The Climate Innovations Exchange forum (CLIX), a global platform for gathering investors and people with innovative ideas related to climate change, has attracted 75 investment projects worth US$71.4 million since its formation in 2018. In a statement to the Emirates News Agency, WAM, Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, highlighted ...

ABU DHABI / WAM The General Civil Aviation Authority, GCAA, has called on national air operators to evaluate flightpath risks that may affect aviation operations. In a statement, the GCAA said that it continues to monitor and assess regional developments, and will take all necessary and appropriate measures promptly.

ABU DHABI / WAM The UAE will take a leading role in discussions on the global energy transition at the 10th International Renewable Energy Agency, IRENA, Assembly between 10th and 12th January in Abu Dhabi, at the start of the 13th Abu Dhabi Sustainability Week, ADSW 2020. The UAE delegation to the Assembly will be led by Dr Thani bin ...

Bloomberg A Boeing Co 737-800 jetliner bound for Ukraine that crashed after takeoff in Iran, killing everyone on board, was most likely brought down by an engine fire, according to Tehran authorities. Ukraine International Airlines said 167 passengers and nine crew were on the plane, an older version of the 737 that predates Boeing’s grounded Max model, which crashed at ...