By Bloomberg News (Bloomberg)
Day two of President Joe Biden’s international climate summit concluded on Friday. Biden pledged during the first day of the virtual event to slash U.S. greenhouse gas emissions in half by the end of the decade, part of a plan to bring the U.S. back into the global fight against climate change.
Day two focused on innovation and the economic opportunity in fighting climate change. This is designed to refute skepticism from some blue-collar workers and labor leaders. While renewable energy jobs are growing at a fast clip, labor groups say they pay less than fossil-fuel positions and that companies have opposed unionization.
(Bloomberg)
Try refreshing your browser, or First Mideast Bitcoin ETF Aims to Raise More Than $200 Million Back to video
Canada’s largest digital-asset investment fund manager 3iQ Corp. is hoping to raise more than $200 million by listing its Bitcoin exchange-traded fund in Dubai, according to its chief executive officer.
The intent of listing on the Nasdaq Dubai exchange is to get trading at all hours around the globe, said CEO Fred Pye. “We trade on the North American market times and Dubai is almost perfectly opposite of what our trading hours are,” he told Bloomberg TV.
3iQ was founded in 2012 and has about $1.5 billion in assets. Its 3iQ Coinshares Bitcoin ETF, which listed on the Toronto Stock Exchange last year, is now set to become the first cryptocurrency fund to go public in the Middle East.
Transcript of April 2021 Middle East and Central Asia Department Press Briefing imf.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imf.org Daily Mail and Mail on Sunday newspapers.
Saudi Prince hits a new year reset by making allies not enemies
Saudi Prince hits a new year reset by making allies not enemies
A new US administration, combined with threats from Iran and a weakening economy, has seen Crown Prince Mohammed bin Salman’s calculations shift to reconciliation. Text Size:
A+
On a day that Saudi Arabia jolted the oil market with an output cut it called a “gesture of goodwill,” the kingdom’s de-facto ruler took center stage in a mirrored concert hall, ready to resolve a different crisis.
Crown Prince Mohammed bin Salman had presided over the rift with Qatar for more than three years. But now there were just two weeks before a new U.S. leader took office, and President-elect Joe Biden had promised to treat Saudi Arabia as a “pariah.” Combined with threats from Iran and a weakening economy, the prince’s calculation had been shifting: reconciliation looked better than conflict.
Qatar Set for Biggest Budget Deficit Since Gulf Spat in 2017 bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.