Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan will continue the UAE’s march of prosperity and tolerance, New Zealand’s Governor General Dame Cindy Kiro told the Emirates News Agency (WAM). “I am in no doubt that His Highness Sheikh Mohamed bin Zayed will continue the UAE’s onward march in building its prosperous and tolerant society. ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, and GE Gas Power signed an agreement to upgrade four existing GE 9F gas turbines at EGA’s Al Taweelah power plant, reduce greenhouse gas emissions intensity, and contribute to the UAE’s Net Zero by 2050 Strategic Initiative. GE’s Advanced Gas ...

  Sharjah / WAM Over 12 days, the 13th edition of the Sharjah Children’s Reading Festival (SCRF) took more than 112,350 visitors of all age groups and backgrounds on a journey to new worlds of learning and entertainment. With spaces attractively designed to stimulate thought and creativity, Expo Centre Sharjah spoilt cultural enthusiasts for choice with the festival’s vast offering ...

  Bloomberg Europe’s ambitious plan to walk away from Russian natural gas and replace a chunk of it with tanker-borne imports faces a major obstacle: getting it to where it’s needed most without huge price discrepancies. Even as record amounts of liquefied natural gas (LNG) land on Europe’s shores, the lack of interconnectors from key import terminals in the west ...

When French container-shipping giant CMA CGM Group announced a cargo partnership with Air France-KLM, the real surprise was its plan to acquire only 9% of the airline. Having made 18 billion euros ($19 billion) of net profit last year, the world’s third-largest container line by capacity could afford to acquire all of Air France with plenty of change to spare. ...

It’s been more than two years since countries started closing their borders to visitors to prevent the spread of Covid-19. Now China, facing its worst outbreak of the pandemic, is trying a new tactic. Henceforth, “unnecessary” overseas travel by Chinese citizens will also be restricted, supposedly to keep residents from bringing the virus home from abroad. The policy, announced earlier ...

Arbitrary round numbers matter, even though they shouldn’t. The definition of a “bear market” as any peak-to-trough drawdown of 20% or more is unhelpful. The difference between losses of 19.95% and 20.05% is minimal. But the definition is often cited, and it has an impact on how people behave. Which brings us to Friday’s trading, when the proximity of the ...

  It’s beyond disappointing that UK Prime Minister Boris Johnson chose to escalate his quarrel with the European Union at this moment, with war raging in Ukraine and unity in the face of Russian aggression of surpassing importance. Unfortunately, it’s not surprising. At issue is the Northern Ireland Protocol, a part of the exit deal Britain struck with the EU ...

Bloomberg Amazon.com Inc is testing a service that uses the company’s sprawling network of gig drivers to fetch packages from mall-based retailers and deliver them to customers. The program, should it become a permanent part of the e-commerce giant’s delivery options, could help Amazon expand the variety of goods it has available for fast shipment. Shoppers who want same-day or ...

  Bloomberg President Joe Biden invoked emergency powers under the Defense Production Act to boost production of baby formula and ordered government agencies to use commercial flights for imports to alleviate shortages. The White House said in a statement that the move would allow domestic manufacturers to obtain needed ingredients and speed shipments of foreign supplies. “I know parents all ...