Eneco and NS said on a joint website that some 600,000 passengers daily are “the first in the world” to travel thanks to wind energy All Dutch trains are now 100 percent powered by electricity generated by wind energy, the national railway company NS said Tuesday, calling it a world first. “Since the first of January, 100 percent of our trains are running on wind energy,” NS […]
The New York Stock Exchange plans to end floor trading on its NYSE MKT venue for small capitalisation stocks in the latest example of financial dealings going completely electronic. The move, earmarked for the second quarter, comes as NYSE prepares to transition that market to Pillar, an integrated trading technology platform designed for its equities and options markets, according to a regulatory filing. It represents another shuttering […]
Can thermal solar energy be stored until wintertime? Within a European research consortium, scientists have spent four years studying this question by pitting three different techniques against each other. (via WSJ)
Xuewei Qi and a team of UCR researchers are using vehicle connectivity and evolutionary algorithms to improve the efficiency of Plug-In Hybrid Electric Vehicles. Credit: UC Riverside Engineers at the University of California, Riverside have taken inspiration from biological evolution and the energy savings garnered by birds flying in formation to improve the efficiency of plug-in hybrid electric vehicles (PHEVs) by more than 30 percent. Titled “Development […]
NEW YORK The S&P 500 ended flat on Tuesday as gains in healthcare and financials offset a drop in energy shares, while the Nasdaq hit another record high close. A drop in shares of IBM (IBM.N) weighed on the Dow. Based on the latest available results, the Dow Jones Industrial Average .DJI was down 31.85 points, or 0.16 percent, to 19,855.53, the S&P 500 .SPX was unchanged […]
By Shadia Nasralla | VIENNA VIENNA Iran decided not to escalate a stand-off over the extension of U.S. sanctions at a meeting of diplomats overseeing the nuclear deal it reached with world powers in 2015, senior Russian and Iranian diplomats said after the session on Tuesday. Tehran threatened last month to retaliate against a U.S. Senate vote to extend the Iran Sanctions Act (ISA), saying it violated […]
The UAE will spend AED600 billion ($163.3 billion) over the next three decades in developing the country’s energy market, with a plan for clean energy to power 50 percent of the sector by 2050. The first unified energy strategy for the UAE has been announced which aims to balance economic needs and environmental goals. In a series of tweets on the official Dubai Media Office feed, it […]
By Amanda Ferguson | BELFAST BELFAST After a decade of bitter compromises over paramilitaries and policing, Northern Ireland’s power-sharing government finally fell apart this week over the abuse by farmers of a green-energy grant to burn fuels such as wood pellets instead of coal. The confrontation has exposed a growing rupture in trust between Catholic Irish nationalists and pro-British Protestant unionists whose cooperation underpins the 1998 Good […]
Over 13 years, consumption of gasoline rose in countries that lowered taxes or raised subsidies The average tax on petrol in 157 nations fell 13 percent from 2003 to 2015, even as the world acknowledged the need to slash greenhouse gases from fossil fuels, researchers reported Monday. Over 13 years, consumption of gasoline rose in countries that lowered taxes or raised subsidies, they said in a study […]
Tuesday 02:10 GMT Overview Stock and currency markets across Asia were mixed as Wall Street again pulled back from record highs, leaving the Dow Jones Industrial Average shy of the 20,000 milestone. Hot topic Producer price inflation in China continued to climb, with data showing wholesale prices rose in December at their fastest pace since September 2011. The producer price index was up 5.5 per cent year […]
Last year was a relatively tough year for real estate players across the UAE, as the market adjusted to lower levels of economic growth. This ‘new normal’ is a reflection of oil prices well below their peaks of 2014 and 2015. While the average oil price declined dramatically during 2015, the decline was much more modest in 2016 and it is important to recognise that oil prices […]
As the country’s devout come together in mosques to pray for rain on Tuesday morning, farmers across the UAE have said they have been forced to stop planting crops and in some case abandon their plots of land altogether due to a lack of water. Mohammad Al Darmaki, a farmer from Kalba, said the problem has gotten so bad he has stopped working on his land. He […]
By Phil Stewart | WASHINGTON WASHINGTON President-elect Donald Trump is finding himself caught between his desire to improve relations with Russia and fellow Republicans who are pushing for a harsher response to what American spy agencies say was the Kremlin’s meddling in the U.S. presidential election. The tacit acknowledgement on Sunday by his incoming chief of staff, Reince Priebus, that Russia was behind the hacking of Democratic […]
ROME Italy is sending its ambassador back to Libya, its foreign ministry said on Monday, making it the first Western diplomatic mission to reopen in the divided country. Italy closed its embassy in Libya in 2015 as rival factions descended into a conflict which has let people smugglers operate with impunity and Islamic State establish a firm foothold. The foreign ministry said in a statement the ambassador […]
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Your daily guide to community and cultural activities across the Emirates for January 10, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Boat tour Enjoy a ferry ride with Jalboot and explore Abu Dhabi’s coastline and landmarks in comfort. See Yas Marina, Fairmont Bab Al Bahr, Etihad Towers, Hiltonia Beach Club and Abu Dhabi […]
Bigger may not always be better when it comes to beverage companies. Goldman Sachs analysts, in a note on Monday, downgraded shares of Coca-Cola to “sell” while upgrading Dr Pepper Snapple to “neutral,” saying that the policy winds of 2017 may blow more favourably for US-centric companies than multinational players. A key headwind facing multinationals such as Coca-Cola in 2017 is the strong US dollar, which recently […]
Once again, the dawn of a new year is upon us. People will wonder what to do, what will happen and what can they expect. We, as humans, will rely on pundits to tell us what they think and yes most of what will be said will have a 50/50 chance of being as much right as wrong. This year is going to usher in many seismic […]
Two weeks ago we previewed that the U.S. Department of Energy could begin to sell off some of its strategic petroleum reserve (SPR) as soon as January, the beginning of a multi-year process to shrink the nation’s stockpile of oil. Congress has authorized DOE to sell off $375.4 million worth of oil in its recent budget resolution. The DOE said that such a sale could be held […]
A high-profile forum co-hosted by the six-nation Gulf Cooperation Council (GCC) and European Union (EU) is to take place in Riyadh on Monday. In information carried on its website, the EU said that several GCC and EU officials would participate in the meeting aimed at expanding cooperation and encouraging bilateral investment. European Transport Commissioner Violeta Bulc is to lead the EU representation in the GCC along with […]
Leading suppliers see a significant rise in inquiries for ESLs from regional retailers 08 January 2017 Dubai, United Arab Emirates Electronic Shelf Labels (ESLs) are entering the region with a big promise of saving on both operations and energy costs in the retail sector. A global forecast report by market research firm Knowledge Sourcing Intelligence, revealed that global market for Electronic Shelf Label Market will grow from […]
This is the first piece I have published since my official retirement from Poynter on New Year’s Eve. I have lots of work ahead of me, but it has been fun and instructive to look back. If you reach your destination in decent shape, it’s easy to forget the bumps in the road behind you. Better to look at the odometer and celebrate the distance you’ve traveled. […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell early on Monday as Iran increased exports undermining efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th week. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $56.97 per barrel at 0019 GMT, down 13 cents from their last close. U.S. West […]
UK taxpayers are facing a £24bn bill for decommissioning oil and gasfields in the North Sea — threatening to wipe out remaining tax revenues from an industry that has been among the Treasury’s most reliable cash cows for the past four decades. The new estimates show how the North Sea oil industry risks becoming a net drain on UK resources as it enters its sunset years and […]
