Baltic Wind Connector Project To be Developed Between Germany and Estonia
50Hertz, the German electricity transmission system operator (TSO), and its counterparts from Estonia, Latvia and Lithuania on Tuesday have agreed to jointly develop a hybrid submarine cable project “Baltic WindConnector” in the Baltic Sea between Estonia and Germany.
Green Entrepreneurship: A Key Driver for Competitiveness and Sustainability Highlighted at the Annual Investment Meeting’s Entrepreneurs Investment Summit
The Entrepreneurs Investment Summit opened its doors to industry leaders and experts from around the world to discuss new strategies and opportunities for investment. Held at the 12th edition of the The Annual Investment Meeting (AIM), which took place at the Entrepreneurs Room located at the Abu Dhabi National Exhibition Centre, The Summit witnessed a range of distinguished speakers who shared their thoughts and insights on the subject.
Global Pension Systems Ill-Prepared to Deal with Demographic Changes
Life expectancy has declined in many countries due to COVID-19 pandemic, but pensions systems across the world has remained ill-prepared to deal with demographic changes as the ageing of societies continues to accelerate, according to a new report from Allianz.
ADB Announces New Programme to Fight Climate Change
The Asian Development Bank (ADB) on Tuesday announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program which could significantly ramp up support for the region in the battle against climate change.
Chinese carmakers target more European sales with five-star EVs
Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features.
EU energy ministers hold crisis talks after Russian gas cuts
Energy ministers from European Union countries hold emergency talks on Monday, as the bloc strives for a united response to Moscow’s demand that European buyers pay for Russian gas in roubles or face their supply being cut off.
Germany, Denmark seek more ambition from EU on green aviation fuel
European Union plans to require the aviation sector to use more sustainable fuels are not ambitious enough and the EU should let member states set their own tougher requirements, seven countries have said.
Oil prices head for weekly loss on Omicron coronavirus uncertainty
Oil prices dipped on Friday, putting the market on track for a narrow weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.
Carlsberg raises guidance as beer volumes recover
Danish brewer Carlsberg (CARLb.CO) raised its full-year earnings guidance on Wednesday after reporting second-quarter sales above expectations as beer volumes exceeded pre-pandemic levels.
Thyssenkrupp sells infrastructure unit to German investment firm
Thyssenkrupp (TKAG.DE) on Thursday said it agreed to sell its infrastructure unit to German investment firm FMC Beteiligungs KG for an undisclosed sum, the second deal in as many weeks as the German conglomerate implements its reorganisation plan.
