Bloomberg Nurses in some parts of England will trial smart goggles on visits to patients’ home as the struggling UK National Health Service turns to digital gadgets to try and improve services. As long as individual patients consent, the virtual reality headsets will help nurses transcribe medical records, automate administrative work, and share live footage for consults with hospital ...
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SonicWall boosts wireless play with ultra-fast Wi-Fi 6 points
Dubai / Gulf Time SonicWall announced the introduction of the new Wi-Fi 6 wireless security product line, which provides always-on, always-secure connectivity for complex, multi-device environments. Powered by Wi-Fi 6 technology, the new SonicWave 600 series wireless access points, coupled with Wireless Network Manager (WNM) 4.0, enable organisations to automatically secure wireless traffic while boosting performance and simplifying connectivity. ...
Read More »Ford cuts 3,000 jobs to fund shift towards EVs
Bloomberg Ford Motor Co said it is cutting 3,000 jobs in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the US, while some positions also are being eliminated in Canada and India, a company spokesman said. The total includes 2,000 salaried ...
Read More »Oil swings as traders digest hawkish Fed rate-hike cues
Bloomberg Oil struggled to find direction as traders digested comments made by Federal Reserve Chair Jerome Powell suggesting interest rates will rise, which carries the potential of slowing demand for crude. West Texas Intermediate fluctuated near $92 a barrel. The Federal Reserve Chair signaled the US central bank is likely to keep raising interest rates and leave them elevated ...
Read More »European governments spend $278b to cushion energy crisis
Bloomberg European governments have allocated about 280 billion euros ($278 billion) in funding to cushion the impact of the energy crisis on households and businesses. The funding, calculated by Brussels-based Bruegel think tank, measures fresh allocations since September, and covers everything from subsidising tariffs for small businesses in Greece to direct payouts to consumers in Belgium. Some of the money ...
Read More »Nigeria seeks $10b to fund its energy transition plans
Bloomberg Nigeria aims to raise an initial $10 billion in funding to implement its energy transition plan ahead of COP27 climate talks later this year, the country’s vice president said. Africa’s most populous country needs at least an additional $10 billion a year and a total $410 billion to deliver on its net-zero targets by 2060, Vice President Yemi ...
Read More »Brazil steel demand to double in next 10 years: ArcelorMittal
Bloomberg Brazil’s steel consumption should double within the next 10 years thanks to “gigantic opportunities†and a need to build more infrastructure in Latin America’s biggest economy, said ArcelorMittal SA’s executive in Brazil. Demand for the industrial metal will potentially grow due to the need to build more housing, renewable energy projects, ports as well as oil-and-gas assets, especially ...
Read More »India’s Avaada signs deal for $5b green ammonia project
Bloomberg India’s Avaada Group signed an initial pact to invest 400 billion rupees ($5 billion) in a green ammonia project in the country’s northern state of Rajasthan, the company said. The renewable energy producer plans to build a 1 million ton-a-year green ammonia facility in the solar energy-endowed province, creating direct employment for 3,500 people, Avaada said in an ...
Read More »PetroChina’s profits climb to record
Bloomberg PetroChina Co. posted its best-ever first-half earnings as the nation’s top oil and gas driller benefited from soaring global energy prices, and said that government stimulus is starting to lift Chinese oil demand. The firm reported 82.39 billion yuan ($12 billion) in net income for the first half of the year, up 55% from the same period in ...
Read More »Siemens to help rebuild Venezuela’s electricity grid
Bloomberg Venezuela is in talks with the global energy giant Siemens Energy AG to repair power plants as part of a government plan to rebuild a crumbling electricity grid plagued by constant blackouts and a lack of maintenance. Siemens is working with the government on potential contracts aimed at repairing gas- and diesel-burning generation facilities that serve the capital, ...
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