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☆ To Understand Clean Energy Challenges, We Went to Uzbekistan
▼ + stars: | 2023-09-14 | by ( Max Bearak | More About Max Bearak | ) www.nytimes.com time to read: +1 min

At the center of it allClean energy investments by Masdar could help Uzbekistan, a vast, landlocked country in Central Asia where the population and its energy needs are growing rapidly, rely less on the fossil fuels that make up nearly all of its energy arsenal today. Its government relies entirely on foreign funding to build up its energy infrastructure, however, and will take what it can get. He said he hoped to get countries to agree on a tripling of global renewable energy capacity at the climate talks. Emirati funding of both renewable and fossil energy is playing out elsewhere, too. In Azerbaijan, a recent Adnoc investment in an offshore oil field overshadowed Masdar’s expansion in renewable energy.

Persons: Jaber Organizations: Oil Change Locations: Uzbekistan, Central Asia, Masdar, Al, Azerbaijan, Germany, Japan

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Persons: Dow Jones, 686ab06c Locations: russia

☆ Leaked Recording of U.A.E. Officials Reveals the Nation’s Concern Over Its Public Image
▼ + stars: | 2023-09-01 | by ( Hiroko Tabuchi | More About Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

When the United Arab Emirates hosts this year’s United Nations climate summit, it will elevate the Gulf nation’s global profile. But the conference is also inviting scrutiny of the Emirates’ record on human rights as well as its position as a leading oil producer. A leaked recording of a February meeting between representatives from the United Arab Emirates and summit organizers provides a candid look at their efforts to respond to the criticism. It also highlights the authoritarian state’s focus on its image, managed through contracts with public relations companies, lobbyists and social media specialists around the world. The Times verified the recording with the person who made it, who asked to remain anonymous out of concerns about retaliation.

Organizations: United Arab Emirates, Emirates, United Arab, Centre, Climate, The New York Times, Times Locations: United Nations, United Arab Emirates, London

☆ On Japan’s Radioactive Fukushima Water, it’s a Question of Trust - The New York Times
▼ + stars: | 2023-08-22 | by ( ) www.nytimes.com time to read: +3 min

If Japan, a globally respected cultural and economic force, can get away with dumping radioactive water, what’s to stop other countries? Melted nuclear fuel debris inside the damaged reactors is being cooled by pumped-in water, which comes into contact with a toxic cocktail of radioactive substances known as radionuclides. But the amount of water is constantly growing, and Tepco has repeatedly warned that it is running out of storage space at Fukushima. I have researched or written about Fukushima and affected communities ever since the disaster and have closely followed the official response. After years of study and environmental approvals, a final permit was issued this year.

Organizations: Tepco, Tepco — Locations: Japan, Asia, China, India, Fukushima, South Korea, Belgian, Dessel, Finland, Sweden

☆ U.A.E. Cashes In on Russia’s Economic Woes
▼ + stars: | 2023-08-21 | by ( Benoit Faucon | Rory Jones | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/russia/u-a-e-cashes-in-on-russias-economic-woes-52700157

Persons: Dow Jones Locations: russia

☆ This family is moving to Italy because they’ve had enough of the US
▼ + stars: | 2023-08-08 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +8 min

In 2019, the Dawkins family – Nadine, 59, her husband, Kim, 61, and their children Lorenzo, 29, and DeNae, 27 – bought a charming home in the town of Latronico. Reading the article at her home in El Paso, Texas, Nadine Dawkins, a retired former soldier and businesswoman, felt the pull of her ancestry. The family will be shortly moving to Panama before taking the final leap across the Atlantic to Latronico. Clint Jeffrey was Dawkins' Italian ancestor. Nadine DawkinsOnce in Italy, Nadine hopes to be able to start tracking down the real identity and origins of her Italian ancestor.

Persons: Dawkins, Nadine, Kim, Lorenzo, –, Nadine Dawkins, ”, Clint Jeffrey, Nadine doesn’t, Lucinda, Jeffrey, “, ” Nadine, Kim Dawkins, George Floyd, Vincenzo Castellano, ‘, casalatronica.eu, Latronico – Castellano, Mariangela Tortorella –, Castellano –, ’, Castellano, “ We’ve, Lucinda –, Latronico Organizations: CNN, Reading, CNN Travel, USA Locations: United States, Latronico, Basilicata, El Paso , Texas, Italian, America, Italy, States, Arkansas, Panama, –

☆ How a college football quarterback with 36,000 Instagram followers scored more than 30 brand deals and made himself the go-to voice for NIL
▼ + stars: | 2023-07-31 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +15 min

Chase Griffin has more than 30 brand deals, and his recent ones are mostly multi-year partnerships. Chase Griffin. 1st College Athlete Brand Ambassador for the largest/most powerful bank in the world. JP MOrgan Chase 1st College Athlete Brand Ambassador. "NIL & Athlete Brands: A NewEra", November 22, 2022.

Persons: Chase Griffin, Griffin, JPMorgan Chase, he'll, influencers, Chase Griffin Griffin, Griffin doesn't, He's, that's, I've, Page, JP Morgan Chase, Lucchese Bootmaker, Frances https, JP MOrgan, Chase Griffin Chase Griffin, Chase, Lucchese, Ed, Arthur Ashe Jr Organizations: UCLA, Gatorade Football, University of California, DirecTV, Foods, JPMorgan, LA Regional Food Bank, Bloomberg, LinkedIn, Boost Mobile, LA Food Bank, DMs, Twitter, JPMorgan Chase, Range Media Partners, WGA, SAG, Brands, ucla, Creative, Banking, Chase Bank, Morgan Wealth, Bank, Champs, Urban Outfitters, United States Polo Association, Lucchese, Hollywood, Marketing, UWG, UC Investments Academy, Fund Public Service, Regional Food Bank, Empowerment, Sports, Entertainment, Beach, Sports Rights, Cannes, Creativity, Cannes Lions, College Football Hall of Fame, Association, Conference, 1st, Financial, JP MOrgan Chase, Brand, of College Athletics, Rose Bowl, Community, Royce, True Bruin, Town Hall, Sports Innovation, Chase Center, NV, Regents, Brand Innovators, College, Los Angeles Times, ESPN, Unilever, Shell, Rose Bowl Stadium, Los Angeles Regional Food Bank, Leadership Team, Council, Range, WPP, University of California Investments, UC, Santa Monica Hospital, Public Affairs, Leadership, UCLA Law, National Football Foundation, Pro Football Hall of Fame, Texas High, Gatorade Locations: Texas, Los Angeles, Opendorse, Instagram, Hollywood, CA, Cannes, Atlanta, Carlsbad, Los Angeles , CA, Pasadena, Los Angeles CA, San Francisco , CA, Los Angeles ,, Las Vegas, United

☆ Euro zone pulls out of dip with higher growth than expected
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, July 31 (Reuters) - The euro zone returned to growth in the second quarter of 2023, with a greater than expected expansion after narrowly avoiding a technical recession around the turn of the year, preliminary data showed on Monday. Gross domestic product in the euro zone expanded by 0.3% in the second quarter, above expectations of 0.2% in a Reuters poll of economists. Compared to a year earlier, growth was 0.6% against expectations of 0.5%. That compared with zero growth in the previous quarter for the 20-nation euro zone and a 0.1% quarter-on-quarter decline in the fourth quarter of 2022. But even if the bloc is doing better than expected, growth in 2023 is likely to be weak due to a large drop in real incomes and surging interest rates.

Persons: Philip Blenkinsop, Charlotte Van Campenhout Organizations: Gross, European Central Bank, Thomson Locations: BRUSSELS, France, Spain, Germany, Italy, Ukraine

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/frenemies-saudi-crown-prince-mbs-clashes-uae-president-mbz-c500f9b1

Persons: Dow Jones Locations: saudi, uae

☆ Euro zone almost eliminates trade deficit in May
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, July 14 (Reuters) - The euro zone almost eliminated its trade deficit in May, non-adjusted data showed on Friday, as exports of chemicals and machinery picked up and the value of imported energy products, notably from Russia, declined. The European Union statistics office Eurostat said the seasonally unadjusted trade balance of the 20 countries sharing the euro was a 0.3 billion euro deficit in May compared with a 30.3 billion euro shortfall a year earlier. Adjusted for seasonal swings, the May trade deficit was a modest 0.9 billion euros from 8.0 billion euros in April. The EU's trade gap with China also narrowed slightly in Jan-May, while its trade surplus with the United States dipped. However, the EU trade surplus with Britain expanded as EU exports rose and imports from Britain fell.

Persons: Eurostat, Philip Blenkinsop, Charlotte Van Campenhout, Andrew Heavens Organizations: European Union, Union, Britain, Eurostat, Thomson Locations: BRUSSELS, Russia, Jan, China, United States, Britain

☆ The G.O.P. Backed Him on Hunter Biden Claims. Now He Has Been Indicted.
▼ + stars: | 2023-07-11 | by ( Glenn Thrush | More About Glenn Thrush | ) www.nytimes.com time to read: +1 min

Mr. Luft has denied any wrongdoing, and claims he only became a subject of Justice Department scrutiny after discussing the Hunter Biden investigation with prosecutors who met with him in Belgium in 2019. But prosecutors painted a portrait of Mr. Luft, who split his time between Israel and Washington, as an unscrupulous political fixer working for China who made much of his cash as a back-channel arms and oil broker. He told an associate that the unwillingness of U.S. officials to sell weapons to Kenya provided them with an “opportunity” for profit, prosecutors said. In one instance, Mr. Luft received a letter telling him explicitly that a shipment of the oil was Iranian but that it should be “be presented as U.A.E. origin without Iranian papers,” according to the filing.

Persons: Luft, Hunter Biden, Mr Organizations: United Arab Emirates, Institute, Global Security, Justice Department Locations: Belgium, Israel, Washington, China, Libya, Kenya, Iran, Gaithersburg, Md, Beijing

☆ War in Sudan Was Inevitable - The New York Times
▼ + stars: | 2023-07-07 | by ( Bayan Abubakr | ) www.nytimes.com time to read: +3 min

— which had once operated in the same national military force — led a joint coup that dissolved Sudan’s transitional government. Saudi Arabia, the United Arab Emirates, the United States and Britain welcomed this agreement as a step in the right direction. Since the start of the war on April 15, the R.S.F. The participants refuse to cooperate with the Sudanese military, which has orchestrated genocides and violence since Sudan’s independence in 1956, or with its dark offshoot, the R.S.F. It was inevitable that they would eventually come head-to-head with the institution that created them.

Persons: —, Wagner, ’ Organizations: United Arab Emirates, Revolutionary Charter, Sudanese, African Union Commission Locations: Saudi Arabia, United States, Britain, El, Khartoum, Darfur, Libya, Europe, Sudan

☆ Russia-Ukraine War Updates: 6 Killed By Missile Attack in Kryvyi Rih
▼ + stars: | 2023-06-13 | by ( Andrés R. Martínez | Gaya Gupta | ) www.nytimes.com time to read: +4 min

The breach of the dam sent water from the Dnipro River coursing downstream and drastically reduced the volume of water in the Kakhovka reservoir. Ukraine controls the western banks of the reservoir, while Russia holds parts of the eastern bank. But it also needs to be supplemented with reservoir water, which means accurate monitoring of the reservoir’s water level is crucial. Over the past year, shelling has cut external power supplies to the plant and also hit an area where spent fuel is stored. Mr. Grossi has repeatedly warned of the potential for nuclear catastrophe at the plant.

Persons: Rafael Mariano Grossi, Volodymyr Zelensky, Grossi, ” Mr Organizations: United Nations, International Atomic Energy Agency Locations: Ukraine, Dnipro, Russian, Russia, Europe

☆ Euro zone slips into recession after Germany, Ireland revisions
▼ + stars: | 2023-06-08 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

The revision was principally due to a second estimate from Germany's statistics office showing that the euro zone's largest economy was in recession in early 2023. The euro zone figure for the fourth quarter of 2022 was also cut to -0.1% from a previous reading of zero. Capital Economics said the outlook for the euro zone economy was poor, with a contraction likely again in the second quarter as the impact of higher interest rates fed through. Eurostat said that household spending stripped 0.1 percentage points, public expenditure 0.3 points and inventory changes 0.4 points from quarterly GDP. Gross fixed capital formation added 0.1 points and net trade a further 0.7 points as imports declined.

Persons: Gross, Philip Blenkinsop, Sharon Singleton Organizations: REUTERS, Gross, Eurostat, Reuters, Economics, P Global Market Intelligence, Thomson Locations: Berlin, Germany, Ireland, BRUSSELS, Greece, Lithuania, Malta, Netherlands, Slovakia

☆ Euro zone retail sales flat in April, with weaker food, fuel sales
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, June 6 (Reuters) - Retail sales in the euro zone were unchanged in April, Eurostat said on Tuesday, as consumers spent less on food and car fuel, but increased purchases of other products, particularly online. Retail sales volumes in the 20 nations sharing the euro currency was at the same level as in March and was 2.6% lower year-on-year. Food, drink and tobacco sales fell by 0.5% from the previous month and car fuel sales by 2.3%. Non-food sales rose by 0.5%, with online sales up 2.7%. Compared with a year earlier, all sales categories were weaker.

Persons: Philip Blenkinsop Organizations: Eurostat, Thomson Locations: BRUSSELS

Riyadh goes it alone on oil cutsCrude oil and natural gas rebounded this morning after Saudi Arabia, the world’s biggest exporter, announced a million-barrel-per-day production cut at this weekend’s OPEC Plus summit in an effort to boost sagging energy prices. But the negotiations that led to the move — and a more complicated adjustment of the cartel’s production quotas — hint at the tensions between many of the world’s top crude-producing countries, with global oil prices in the balance. The United Arab Emirates saw its production quota grow, after years of lobbying for such a move, while other countries had their targets reduced. The arrangement that emerged on Sunday was a Riyadh-led compromise, which Prince Abdulaziz bin Salman, the Saudi oil minister, called “a Saudi lollipop” that is meant to sweeten prices for oil traders. Though the cut is meant only for July, it could be extended.

Persons: Prince Abdulaziz bin Salman Organizations: United, United Arab Emirates Locations: Riyadh, Saudi Arabia, OPEC, United Arab, Saudi

☆ U.A.E. Says It Exited U.S.-Led Naval Force
▼ + stars: | 2023-05-31 | by ( Benoit Faucon | Dion Nissenbaum | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-a-e-says-it-exited-u-s-led-naval-force-fdbe23c9

Persons: Dow Jones

☆ Russia's War in Ukraine: Live Updates
▼ + stars: | 2023-05-31 | by ( Anushka Patil | Nataliia Novosolova | ) www.nytimes.com time to read: +3 min

Rafael Mariano Grossi, the director general of the International Atomic Energy Agency, at the U.N. headquarters in New York on Tuesday. Frontline fighting has repeatedly damaged the facility, disrupted its power supply and contributed to a staffing crisis that is “not sustainable,” Mr. Grossi said on Tuesday. Even as Russia and Ukraine accused each other of causing damage and outages, Mr. Grossi largely avoided placing blame on either country while he sought to negotiate an agreement. Speaking after Mr. Grossi’s briefing, Linda Thomas-Greenfield, the U.S. ambassador to the U.N., denounced Russia’s actions as a “clear escalation” of Moscow’s efforts to “undermine Ukrainian sovereignty and authority” over the plant. “And this undermines our ability to have confidence in the level of nuclear safety at the plant,” she said.

Persons: Rafael Mariano Grossi, Mr, Grossi, Grossi’s, Linda Thomas, Greenfield, ”, Sergiy Kyslytsya, Vassily Nebenzia, Julian Barnes Organizations: International Atomic Energy Agency, . Security Locations: New York, Russia, Ukraine, Kyiv, gunpoint, United States, U.S, Ukrainian, Russian

☆ As Iran Seizes Tankers in Gulf, U.A.E. Pulls Back From U.S.-Led Maritime Force
▼ + stars: | 2023-05-31 | by ( Vivian Nereim | ) www.nytimes.com time to read: +1 min

The United Arab Emirates announced on Wednesday that it had stopped participating in a maritime security force led by the United States, the latest hint of tensions between Washington and key Persian Gulf allies who complain that America has not done enough to protect them from Iranian threats. The unusual public statement came after Iran seized two commercial tankers in waterways near the Emirates in quick succession over the past two months. Emirati and Saudi officials have repeatedly expressed frustration with U.S. policy toward Iran. “They were unhappy with the Americans, and when the U.A.E. is not happy, they are very decisive,” said Abdulkhaleq Abdulla, an Emirati political scientist.

Persons: ”, Abdulkhaleq Abdulla Organizations: United Arab Emirates, Emirates, Emirati Foreign Ministry, Combined Maritime Forces, Saudi Locations: United States, Washington, America, Iran, Persian

ABU DHABI—Last year, the United Arab Emirates became a hub for Russian money and cut oil production, boosting Moscow’s war chest and drawing protests from Washington. The country’s leader skipped a call from President Biden as the U.S. rallied support for Ukraine. Now, Emirati President Sheikh Mohamed bin Zayed Al Nahyan has been invited for a state visit to Washington, and the U.S. and U.A.E. are hammering out a formal agreement on defense and commerce after jointly committing $100 billion for clean-energy projects—a major Biden administration goal. All the while, the Emiratis have expanded ties with Russia and another U.S. rival, China.

☆ Euro zone grows marginally at start of 2023 after stagnation
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, April 28 (Reuters) - The euro zone grew only marginally in the first three months of 2023 and at a rate lower than market expectations after stagnation at the end of last year, preliminary data showed on Friday. Gross domestic product in the euro zone expanded by 0.1% in the first quarter, below expectations in a Reuters poll for 0.2% growth. That compared with zero growth in the previous quarter for the current 20-nation euro zone and a quarterly decline of 0.1% for the 19 countries that were in the euro zone at that point. Among the bloc's biggest countries, Germany registered no growth after contraction in the final quarter of 2022. The European Commission is forecasting that the euro zone will expand by 0.9% this year and by 1.5% next.

☆ Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
▼ + stars: | 2023-04-17 | by ( Benoit Faucon | Summer Said | ) www.wsj.com time to read: 1 min

As Russia scours the globe for buyers of its energy products, it is finding eager trade partners in an unlikely place: The oil-rich petrostates of the Persian Gulf. Since Western sanctions over the war in Ukraine cut off Russia from many of its established trading partners, state companies from Saudi Arabia and the United Arab Emirates have stepped in to take advantage of discounted prices for Russian products, according to oil executives and industry analysts.

☆ Opinion | Harlan Crow Is Not a Nazi, but That’s Beside the Point
▼ + stars: | 2023-04-14 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +2 min

Ben Shapiro is a right-wing media personality who does not appear to have any direct ties to Crow, but he defended him all the same. Harlan Crow, by his own testimony and according to his defenders, goes to get angry. I don’t think Crow is a Nazi or an admirer of dictators and authoritarians. But I don’t think we should take his explanation for his collection at face value either. A monument to Robert E. Lee stood for Robert E. Lee.

Atul Gupta and his brother Rajesh allegedly leveraged their close ties to South Africa’s government to build a business empire. South Africa’s justice minister said that the United Arab Emirates had refused the extradition of two India-born brothers who were allegedly at the center of a large government corruption scandal in Africa’s most developed economy. South African authorities say that Atul and Rajesh Gupta for years leveraged their close ties to former President Jacob Zuma and other senior officials in the ruling African National Congress to build a business empire that once stretched from media to mining. Failure to try them in South Africa would be a big blow for President Cyril Ramaphosa , who took over in 2018 after the ANC ousted Mr. Zuma largely because of his alleged ties to the Gupta brothers.

☆ Euro zone producer prices fall for fifth straight month in Feb
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, April 4 (Reuters) - Euro zone producer prices fell for a fifth consecutive month and by more than expected in February, almost entirely due to declining energy prices. This marks a steady deceleration from the 43.4% peak in August, when energy prices were more than twice their level a year earlier. Without volatile energy, producer prices were 0.2% higher month-on-month and up 10.2% year-on-year. Producer prices are an early signal of inflationary trends because their changes are usually transferred onto final consumers. Consumer inflation dropped by the most on record to 6.3% in March, but underlying inflation hit a new all-time high.

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