
Kempinski Hotels Launches Double DISCOVERY Dollar Promotion for KEMPINSKI DISCOVERY Members
To participate, members simply need to opt in through the Double DISCOVERY Dollar promotion page on kempinski.com or through the Kempinski Hotels App. Reservations must be made through direct channels between August 1 and 30 September 2025, with stays completed by 30 September, 2025. DISCOVERY Dollars earned through the campaign will be valid for six months from the date of issuance, giving members flexibility to plan their next experience.
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Al Bawaba
7 hours ago
- Al Bawaba
Trump slams India over Russian oil trade, threatens major tariff hike
Published August 4th, 2025 - 03:19 GMT India's External Affairs Ministry reiterated that its energy trade decisions are guided by national interest, affordability, and global supply dynamics. ALBAWABA- In a fiery post on Truth Social, U.S. President Donald Trump accused India of profiting from Russia's war in Ukraine by purchasing large volumes of discounted Russian oil and reselling it on the global market. He condemned India for "not caring" about the ongoing war casualties in Ukraine, stating: "India is not only buying massive amounts of Russian oil, they are then, for much of the oil purchased, selling it on the open market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine." Donald J. Trump Truth Social 08.04.25 10:50 AM EST India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War… — Fan Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) August 4, 2025 Trump vowed to respond by substantially increasing tariffs on Indian goods entering the U.S., calling the move necessary to hold India accountable. 'Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!!' he added. The comments sparked confusion and criticism, particularly after Trump claimed on August 2 that India would 'no longer buy oil from Russia.' However, senior Indian officials speaking to The New York Times said no such policy change has occurred. India's External Affairs Ministry reiterated that its energy trade decisions are guided by national interest, affordability, and global supply dynamics. A spokesperson said that India's strategic partnership with Russia remains "steady and time-tested." According to Bloomberg, Indian refiners have not been instructed to stop buying Russian oil, though they have been told to 'explore alternatives' in light of international pressure. But market sources note that abandoning Russian oil would push India to source from Gulf producers, often at significantly higher prices. Critics also pointed to the irony in Trump's rhetoric, noting that arms shipments to Ukraine continue from the West, yet energy trade is being blamed for prolonging the war. © 2000 - 2025 Al Bawaba (


Al Bawaba
14 hours ago
- Al Bawaba
Schneider Electric reports significant sustainability milestones in Q2 2025
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced its Q2 2025 extra-financial results, marking a pivotal moment as the company enters the final stretch of its 2021–2025 Schneider Sustainability Impact (SSI) program. With six months remaining, Schneider Electric continues to demonstrate its commitment to measurable, inclusive, and transformative progress across its Environmental, Social, and Governance (ESG) goals. The company's SSI score reached 8.06 out of 10 this quarter, reflecting sustained momentum across key sustainability pillars.A quarter marked by global recognition and ground-level impactThis quarter, Schneider Electric was honored as the World's Most Sustainable Company by TIME and Statista for the second consecutive year. This recognition follows its recent distinction as Europe's Most Sustainable Corporation by Corporate Knights, reinforcing the company's leadership in accolades, Q2 2025 delivered tangible results. Schneider Electric surpassed its goal of training 1 million people in energy management, a cornerstone of its commitment to inclusive energy transition and youth milestone, aligned with World Youth Skills Day 2025, is driven by the Youth Education & Entrepreneurship Program, active in over 60 countries. The program equips underserved communities with technical and entrepreneurial skills to participate in the energy initiatives highlight the program's global reach and impact:In Cox's Bazar, Bangladesh, digital twin technology is used to train displaced communities in solar repair and e-waste Conserve My Planet program engages students in India, Kenya, Vietnam, and Thailand through hands-on sustainability Brazil, mobile training benches bring renewable energy education to incarcerated youth, supporting reintegration and reducing initiatives share a common thread: when education meets technology and purpose, systemic change becomes progress across key sustainability pillarsSchneider Electric also reported continued progress across several core sustainability indicators:734 million tonnes of CO₂ emissions saved and avoided for customers since 2018, crossing the 700-million-tonne chain decarbonization efforts continue to gain momentum, as operational CO₂ emissions from Schneider Electric's top 1,000 suppliers were reduced now by 48%, just two points away from the year-end target. This reflects the growing impact of the Zero Carbon Project, which combines local solutions, on-site support, renewable energy insights, and targeted Decent Work Program reached 79% coverage in Q2 2025, up 39 points year-over-year, reflecting improved working conditions and compliance, particularly in the Middle East and East Asia & Japan.'As an impact company and the World's Most Sustainable Company, we believe that education is one of the most powerful drivers of long-term transformation. Surpassing 1 million people trained in energy management is a proud moment, and a reminder of what's possible when purpose meets action,' said Esther Finidori, Chief Sustainability Officer. 'With six months left in our 2021–2025 Schneider Sustainability Impact program, our priority is clear: accelerate with determination and deliver lasting impact.'For a detailed view of all indicators and progress, please refer to the full Q2 2025 Schneider Sustainability Impact report, including the latest progress dashboard:Recent recognitions:Schneider Electric ranked #1 in the prestigious Gartner Top 25 supply Chain 2025 after 10 consecutive years on the Electric is recognized in the 'Impact for Sustainability' category of the inaugural TIME100 Companies Impact awardsSchneider Electric is awarded 'Best ESG Information' by the Labrador Transparency AwardsSchneider Electric received the 'Corporate Social Excellence' award from the Rutgers Institute, recognizing 16 years of impact investing Schneider Electric is named one of Europe's Best Employers by the Financial Times


Al Bawaba
4 days ago
- Al Bawaba
Standard Chartered and Alibaba Group Sign Strategic Technology and Growth Partnership
Standard Chartered ('the Bank') and Alibaba Group Holding Limited ('Alibaba' or 'Alibaba Group') have entered into a strategic partnership, utilising Alibaba Cloud's AI technologies to accelerate the pace at which the financial services sector embraces Artificial Intelligence (AI).According to the Memorandum of Understanding, Standard Chartered will work with Alibaba Cloud as its strategic partner for AI technologies to enhance operational efficiency and elevate the customer experience. Leveraging Alibaba Cloud's intelligent solutions and AI technologies, the collaboration aims to help the Bank elevate its competitive edge. This includes developing AI-powered customer service and sales intelligence to raise the bar on customer engagement, automating AI-driven risk management and compliance, and upskilling its talents through AI workshops and partnership will also support Alibaba Group's strategic development globally, with Standard Chartered providing a comprehensive range of banking services that is tailored to meet Alibaba Group's business needs, from financial support, supply chain financing support, cross border fund management solutions, to deepening the collaboration in financial market. Both parties will also actively enhance cooperation in the areas of sustainable development and sustainable Winters, Group Chief Executive of Standard Chartered, said: 'We are investing heavily in cutting-edge technologies like AI, which are transforming our own business model and reshaping the future of finance. I am excited to build on our existing relationship with Alibaba Group – a global leader in AI and other areas including e-commerce and retail – and advance our shared commitment to transformative innovation. By combining Alibaba Group's technological prowess with our financial expertise, we look to harness the full potential of AI technologies to advance on our innovation agenda while also creating long-term value for our clients, colleagues, and communities.' Eddie Wu, CEO of Alibaba Group, added: 'From education to healthcare and scientific research, AI has already shown its potential to drive transformational change. We are thrilled to partner with Standard Chartered, a global leader in financial services, to shape the transformation in the financial sector. Through this strategic alliance, we will combine Alibaba's technological expertise with Standard Chartered's deep industry knowledge to unlock new possibilities.'