Apple makes changes to App Store after EU warning
From the autumn, Apple said developers in the EU "can communicate and promote offers for purchases" wherever they want, for...Business
World’s richest 1% gained $40 trn in a decade: Oxfam
Paris, France - The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade,...Business
Spotify cuts 17% jobs
Spotify has invested over $1 billion into podcasts alone.Spotify in October posted a rare quarterly operating profit of 32 million euros ($34.60m), compared to a loss of 228 million ($246.54m) for the same period a year earlier
Spotify has invested heavily since its launch to fuel growth with expansions into new markets and, in later years, exclusive content such as podcasts
HPDC, HDC ink agreement
The aim is to stimulate the growth of the halal industry.The two companies will exchange information on industry-leading practices and successful models of halal ecosystems.
The agreement will broaden the scope of collaboration by facilitating engagement with halal exporters and investors.
Gold strikes fresh record high as rate cut bets surge
Hong Kong, China - Gold prices soared to a record high above $2,100 on Monday as traders grow increasingly confident the...The precious metal struck $2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic
Bets on a drop in rates have weighed on the dollar, which has in turn made gold cheaper for international buyers
$272 billion sustainable finance pledge by UAE financial sector at COP28
Abu Dhabi, UAE -- The financial sector of the United Arab Emirates commits to mobilizing more than AED 1 trillion...The commitment to mobilize AED 1 trillion was made by the UAE Banks Federation at an event held on Finance Day at COP28.
Financial sector's engagement is critical to realize our collective climate ambitions, ensuring that the 1.5°C target remains within reach, said COP28 President Sultan Al Jaber.
Masdar, Taaleri acquire 8 energy projects
The hybrid renewable energy projects in Poland have 1Gw capacity.Masdar and Taaleria have purchased the projects from Domrel Biuro Usług Inwestycyjnych, a prominent player in Poland's renewable energy sector.
These projects incorporate solar photovoltaic (PV) and onshore wind technologies and are projected to power approximately 223,000 households.
ENEC, Kazatomprom ink pact
The move will ensure a secure supply of nuclear fuel.ENEC's global partnerships will support the continued rapid decarbonisation of the country's heavy and energy-intensive industries.
This will create further clean energy sources while using the latest technologies and helping to deliver Net Zero by 2050.
ADNOC-Tabreed G2COOl opens
G2COOL is the first geothermal energy cooling plant in the Gulf region.The G2COOL plant produces naturally occurring hot water found underground through two geothermal wells.
The hot water is fed into absorption cooling technology to produce the chilled water needed by Tabreed for its district cooling activities.
PwC to set up blocks preventing exam cheating after $7 mn fine
The Public Company Accounting Oversight Board (PCAOB) imposed the penalty on the China and Hong Kong offices of the "Big...The risk was that around 200 Chinese companies such as e-commerce giant Alibaba could be ousted from US stock exchanges if they did not comply with American standards
PCAOB chair Erica Williams said the board was on track to inspect all Hong Kong and mainland China firms that audited US-listed companies by the end of 2024
Masdar, EDF to develop up to 3.6GW of hydropower, renewable projects in Kyrgyzstan
Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement...The Kyrgyz Republic has set a target of reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050
Central Asia is a significant emerging market for Masdar which has several agreements to develop solar and wind projects in the region
Ready to work with developing nations for green future: China
Chinese Vice Premier Ding Xuexiang said his country has promoted the targets for carbon peak and carbon neutrality, adding that...The vice premier called on the G77 and China to further speak with one voice and uphold common interests
He urged all to promote sustainable development, a new path of coordination between development and protection
