British Prime Minister Boris Johnson will host a live Q&A with Microsoft co-founder and philanthropist Bill Gates at the Global Investment Summit in London on Tuesday, as the UK looks to boost foreign investment for green industries of the future.
The one-day event at London's Science Museum aims to catalyse billions of pounds of overseas cash for Britain's green economy as the government increases its net zero ambitions before the Cop26 summit in Glasgow from the end of October.
Two hundred global business leaders and investment A-listers will converge at the summit, which will see Prime Minister Boris Johnson deliver a keynote address to showcase "the very best of the UK’s clean technologies and innovative companies”, as well as engaging in a live chat with Mr Gates.
Separately, Mr Johnson was due to host 20 business leaders for a private dinner at No 10 Downing Street on Monday, while the Chancellor of the Exchequer Rishi Sunak will meet 300 financiers in the city.
Jellied eels will be served by Clare Smyth, the first woman chef in the UK to get three Michelin stars, who has been tasked with delivering a menu “showcasing the best of British produce”.
Canapes of jellied eels, chicken liver parfait, and pumpkin and white truffle gougere will be served before a starter of potato and roe. Venison from the Rhug Estate near Corwen in Denbighshire, prepared with a 16-year-old Lagavulin whisky, will be followed by a dessert of lemon and pear meringue.
Queen Elizabeth will then host a reception at Windsor Castle.
The Prince of Wales, the Duke of Cambridge, the Duke and Duchess of Gloucester and Prince Michael of Kent will be in attendance.
The government hopes the five-star treatment will encourage the world’s biggest financiers, such as JP Morgan chief executive Jamie Dimon, Goldman Sachs chief executive David Solomon and Blackstone boss Stephen Schwarzman to back Britain's green ambitions.
The GIS aims to drive forward the government’s 10-point plan for a greener economy, first unveiled by Mr Johnson in November last year with a pledge to invest £12 billion ($16.47bn) in the transition away from fossil fuels.
The summit will demonstrate how the £12bn is creating and supporting UK jobs and make the case for global investment in Britain’s green economy.
International Trade Secretary Anne-Marie Trevelyan said the UK is “using investment to cement itself as a science and tech superpower, and a pioneer of green technology ahead of Cop26”.
The summit wants to build on the UK Office for Investment, which has already secured the Partnership for the Future agreement with the UAE, with billions of pounds committed for Britain’s technology, infrastructure and energy transition as well as joint pledges on climate action.
Under the UAE-UK Sovereign Investment Partnership, Mubadala Investment Company committed £9bn to the sectors, in addition to Mubadala’s £800 million investment and the British government’s £200m to the UK life sciences sector when the partnership was established in March.
Last week, Mr Johnson gathered his Cabinet for a meeting away from Downing Street in the south-west of England as he sought to portray the UK as a beacon for green investment and at the forefront of a green industrial revolution.
Since November 2020, when Mr Johnson first set out his 10-point plan for a greener economy, £5.8bn of investment has either been landed by the UK or committed for green sectors, with the investments creating or securing 56,000 jobs.
This goes some way towards Mr Johnson’s ambition to support 250,000 highly skilled green jobs in the UK and unlock three times as much private sector investment by 2030, when sales of new petrol and diesel cars will be banned.
Green investment seen so far includes more than £650m in advancing offshore wind this year alone, creating 3,600 jobs across the Humber and North-East and more than £900m in accelerating the shift to zero-emissions vehicles.
Examples include a £400m battery gigafactory, part of a £1bn project between Envision AESC, the battery division of green tech company Envision Group, Nissan and Sunderland Council to create a flagship electric vehicle hub in the north-east.
On Monday, car maker Ford said it will invest up to £230m to produce components for electric cars at its existing plant in Merseyside, England, after the British government pledged financial support to accelerate automotive electrification.
The Halewood factory near Liverpool will be repurposed to build electric power units from mid-2024 that will gradually replace the manufacturing of combustion engines.
Before the UN Cop26 climate change summit in Glasgow, the government is expected publish its long-awaited net zero strategy, setting out how it will cut greenhouse gas emissions by 2050.
As well as Mr Johnson, speakers at GIS will include Dr Ngozi Okonjo, the director general of the World Trade Organisation, as well as Professor of Vaccinology at Oxford University, Sarah Gilbert, and GlaxoSmithKline chief executive Dame Emma Walmsley.
About 87 per cent of attendees at GIS come from outside the UK, according to the Department of International Trade, including 32 per cent from the US which hints at Mr Johnson’s plan to align the UK more closely with North America.
Levelling up and attracting greener and more sustainable investment will also be on the agenda, which will see the Business Secretary Kwasi Kwarteng and NatWest Group chief executive Alison Rose taking part in discussions about the opportunities for greener investment up and down the country.
The UK’s expertise in generating tech unicorns will also be discussed in a conversation with Poppy Gustafsson, chief executive of British cybersecurity company Darktrace, which floated in April.
360Vuz PROFILE
Date started: January 2017
Founder: Khaled Zaatarah
Based: Dubai and Los Angeles
Sector: Technology
Size: 21 employees
Funding: $7 million
Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
SCHEDULE
6.30pm Maiden Dh165,000 (Dirt) 1,400m
7.05pm: Handicap Dh170,000 (D) 1,600m
7.40pm: Maiden Dh165,000 (D) 1,600m
8.15pm: Handicap Dh210,000 (D) 1,200m
8.50pm: Handicap Dh210,000 (D) 2,000m
9.25pm:Handicap Dh185,000 (D) 1,400m
Amith's predicted winners:
6.30pm: Down On Da Bayou
7.05pm: Etisalat
7.40pm: Mulfit
8.15pm: Pennsylvania Dutch
8.50pm: Mudallel
9.25pm: Midnight Sands
More on animal trafficking
UAE currency: the story behind the money in your pockets
Expert input
If you had all the money in the world, what’s the one sneaker you would buy or create?
“There are a few shoes that have ‘grail’ status for me. But the one I have always wanted is the Nike x Patta x Parra Air Max 1 - Cherrywood. To get a pair in my size brand new is would cost me between Dh8,000 and Dh 10,000.” Jack Brett
“If I had all the money, I would approach Nike and ask them to do my own Air Force 1, that’s one of my dreams.” Yaseen Benchouche
“There’s nothing out there yet that I’d pay an insane amount for, but I’d love to create my own shoe with Tinker Hatfield and Jordan.” Joshua Cox
“I think I’d buy a defunct footwear brand; I’d like the challenge of reinterpreting a brand’s history and changing options.” Kris Balerite
“I’d stir up a creative collaboration with designers Martin Margiela of the mixed patchwork sneakers, and Yohji Yamamoto.” Hussain Moloobhoy
“If I had all the money in the world, I’d live somewhere where I’d never have to wear shoes again.” Raj Malhotra
Remaining Fixtures
Wednesday: West Indies v Scotland
Thursday: UAE v Zimbabwe
Friday: Afghanistan v Ireland
Sunday: Final
Info
What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
At a glance - Zayed Sustainability Prize 2020
Launched: 2008
Categories: Health, energy, water, food, global high schools
Prize: Dh2.2 million (Dh360,000 for global high schools category)
Winners’ announcement: Monday, January 13
Impact in numbers
335 million people positively impacted by projects
430,000 jobs created
10 million people given access to clean and affordable drinking water
50 million homes powered by renewable energy
6.5 billion litres of water saved
26 million school children given solar lighting
The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
HOW DO SIM CARD SCAMS WORK?
Sim swap frauds are a form of identity theft.
They involve criminals conning mobile phone operators into issuing them with replacement Sim cards, often by claiming their phone has been lost or stolen
They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.
The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.
The story in numbers
18
This is how many recognised sects Lebanon is home to, along with about four million citizens
450,000
More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps
1.5 million
There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m
73
The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association
18,000
The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme
77,400
The number of people believed to be affected by the current nationality law, according to the 2009 UN study
4,926
This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee
The Light of the Moon
Director: Jessica M Thompson
Starring: Stephanie Beatriz, Michael Stahl-David
Three stars
