Diesel car sales in Europe fell sharply in the first half of 2018 amid buyer concerns over pollution and falling resale value as governments seek to reduce combustion engine car sales.
"The disaffection towards diesel engine cars is spreading all over Europe," the International Energy Agency (IEA) said in a report.
The sale market share of diesel cars in the European Union fell to 36.5 per cent in the first half of 2018 from 42.5 per cent in the first half of 2017, according to the IEA.
Sales declined by 16 per cent during the period to 3.12 million units, with declines in Britain reaching 30 per cent.
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Read more:
Volvo’s self-driving cars will start in Europe in 2021 before coming to the UAE
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In Germany, home to some of the world's biggest diesel car producers including Volkswagen and BMW, diesel car sales dropped to 31.1 per cent of the total in the first half of 2018 from 41.3 per cent a year earlier.
As a result, demand for diesel in Europe is also faltering, down by 115,000 barrels per day (bpd) in August from the previous month.
A number of major European cities including Berlin, London and Paris have launched diesel car bans to fight pollution.
Europe has been the world's biggest market for diesel cars since the 1980s after governments sought highly efficient engines to curb oil consumption and limit carbon emissions.
Diesel engines have fallen out of favour in recent years over their high emissions of toxic particles and following Volkswagen's emissions scandal in 2015.
While you're here
Richard Heydarian: Across Asia there are crowds who can't get enough of Donald Trump
C Uday Bhaskar: The 'Asian Century' depends on China and India working together
Sholto Byrnes: Asia's bumpy trade routes are by no means dead-end streets
The Cairo Statement
1: Commit to countering all types of terrorism and extremism in all their manifestations
2: Denounce violence and the rhetoric of hatred
3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC
4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.
5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.
6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security
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World Mental Health Day
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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Company%20profile
Jigra
Company%20Profile
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
UFC Fight Night 2
1am – Early prelims
2am – Prelims
4am-7am – Main card
7:30am-9am – press cons
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The specs
More coverage from the Future Forum
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• UAE's monumental and risky Mars Mission to inspire future generations, says minister
• Could the UAE drive India's economy?
• News has a bright future and the UAE is at the heart of it
• Architecture is over - here's cybertecture
• The National announces Future of News journalism competition
• Round up: Experts share their visions of the world to come
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
Saturday 15 January: v Canada
Thursday 20 January: v England
Saturday 22 January: v Bangladesh
UAE squad
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly, Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya Shetty, Kai Smith
TECH%20SPECS%3A%20APPLE%20IPHONE%2014%20PLUS
Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
THE NEW BATCH'S FOCUS SECTORS
AiFlux – renewables, oil and gas
DevisionX – manufacturing
Event Gates – security and manufacturing
Farmdar – agriculture
Farmin – smart cities
Greener Crop – agriculture
Ipera.ai – space digitisation
Lune Technologies – fibre-optics
Monak – delivery
NutzenTech – environment
Nybl – machine learning
Occicor – shelf management
Olymon Solutions – smart automation
Pivony – user-generated data
PowerDev – energy big data
Sav – finance
Searover – renewables
Swftbox – delivery
Trade Capital Partners – FinTech
Valorafutbol – sports and entertainment
Workfam – employee engagement