Bloomberg In June, the electric bike startup Joco, which rents e-bikes to food delivery workers and other couriers in New York City and Chicago, began testing a new vehicle called the Deliverator. Made in Eugene, Oregon by Arcimoto Inc, the Deliverator is an electric three-wheeler with a “reverse-tricycle” configuration—two wheels in the front and one in the back—that makes it ...

  Bloomberg Billionaire Elon Musk issued a humorous late-night response to Twitter Inc.’s preparations to sue and force him to complete a $44 billion takeover of the company. Eschewing any words of his own, the Tesla Inc. and SpaceX chief posted a meme late Sunday featuring images of himself laughing with captions recounting one version of events over the past ...

Bloomberg Samsung Electronics Co. kicked off mass production of 3-nanometer chips that are more powerful and efficient than predecessors, beating rival Taiwan Semiconductor Manufacturing Co. to a key milestone in the race to build the most advanced chips in the world. South Korea’s largest company will begin with 3nm semiconductors for high-performance and specialized low-power computing applications before expanding to ...

  Bloomberg Netflix Inc’s co-chief executive officer is blaming a recent slowdown at the streaming service on multiple factors including inflation’s impact on household budgets, a decline in smart TV sales due to supply chain constraints, and its departure from Russia. “Every customer is asking the question of value of a subscription in relation to its cost,” Ted Sarandos said ...

  Abu Dhabi / Gulf Time The Abu Dhabi Department of Energy (DoE) signed a five-year memorandum of understanding (MoU) with the Ministry of Mines and Energy of Colombia at an event at the DoE’s headquarters in the UAE capital. The agreement aims to explore opportunities for collaboration on capability development and sharing of knowledge and information, supporting joint projects ...

  MINA / WAM The Saudi government departments and authorities responsible for Hajj season 2022 completed their preparations to receive one million pilgrims in Mina to spend Tarwiyah (watering) Day. According to the Saudi Press Agency (SPA), the Ministry of Hajj has completed its operational plan for this year’s Hajj season. Meanwhile, the Commands of the Hajj Security Forces have ...

  Bali / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Josep Borrell, High Representative of the European Union (EU) for Foreign Affairs and Security Policy and Vice President of the European Commission. During the meeting, held on the sidelines of the 2022 G20 Bali Summit, Indonesia, the two sides discussed ...

  Dubai / WAM The UAE has launched “NextGenFDI”, a major campaign to attract digitally enabled companies and highly skilled talent to the country. Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, who oversees the file to attract FDI and global talent to the country, said NextGenFDI would encourage more than 300 global technology firms and ...

Abu Dhabi / Gulf Time Etihad Guest, the award-winning loyalty programme of Etihad Airways in partnership with Mashreq, a leading global financial institution, has launched a points transfer programme for members to benefit from. Members can now convert Mashreq Salaam Points into Etihad Guest Miles with a conversion ratio of 22 Salaam Points for every 1 Etihad Guest Mile. Etihad ...

  Abu Dhabi / WAM Abu Dhabi Islamic Bank, a leading Islamic financial institution, released its first Environmental, Social, and Governance (ESG) report, highlighting progress made on bank’s ESG goals and commitments for 2021. The report builds on Adib’s sustainability Report, which Adib had been publishing since 2016, according to a statement. This report details Adib’s ongoing efforts to address ...