Bloomberg Passengers arriving in the UK will be forced into quarantine for two weeks and face fines of 1,000 pounds ($1,200) if they break the rules. The plan, which will take effect from June 8, is designed to stop travelers bringing coronavirus into the country after becoming infected overseas, and is likely to have a major impact on the aviation ...
Read More »Admin
Remote-controlled robonauts
Bloomberg As Japan’s second female astronaut to fly up in the Space Shuttle Discovery, Naoko Yamazaki didn’t expect to spend a quarter of her time dusting, feeding mice and doing other menial jobs. It can cost more than $430 million a year to keep an astronaut in orbit, according to three-year-old startup called Gitai Inc. It’s only possible to keep ...
Read More »Twitter, WhatsApp sanctions loom in privacy crackdown
Bloomberg Twitter Inc. and Facebook Inc.’s WhatsApp are in firing line as Europe’s leading privacy watchdog for US tech giants edges closer to delivering its first major sanctions under the region’s tough data-protection rules. The Irish Data Protection Commission said on May 22 that it finalized a draft decision linked to a data breach at Twitter and has asked its ...
Read More »Amazon’s Audible goes beyond books to chase Spotify in podcasts
Bloomberg In recent months, Audible, the audiobook service owned by Amazon.com Inc., has been meeting with talent agencies and producers to discuss acquiring potential new podcast projects—or, in the terminology that Audible prefers, “Audible Originals.†Audible is offering anywhere from a few hundred thousand dollars to a few million dollars per show, more than every competitor except Spotify Technology SA. ...
Read More »Electric cars are about to start rolling out of the Arizona desert
Bloomberg On the outskirts of a small town less than 50 miles southeast of Phoenix, a 720,000 square foot electric vehicle factory is arising in the desert. If all goes as planned, a luxurious new battery-electric sedan will roll off its production line by year’s end. Lucid Motors, a US startup, is building the factory and slated to start manufacturing ...
Read More »Facebook plans to push remote hiring
Bloomberg Facebook Inc. plans to hire more remote workers in areas where the company doesn’t have an office, and let some current employees work from home permanently if they’d like to. Chief Executive Officer Mark Zuckerberg said the firm plans to “aggressively open up remote hiring†starting immediately with the US, particularly for engineering talent. Based on internal employee surveys, ...
Read More »China sets 1.4trn plan to overtake US in tech
Bloomberg Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence. In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over six years to 2025, calling on urban governments and ...
Read More »AstraZeneca gets deals for potential Covid-19 vaccine
LONDON / WAM Biopharmaceutical company, AstraZeneca, said on Thursday it had received the first agreements to supply at least 400 million doses of the Covid-19 vaccine it is developing with the University of Oxford, reported Reuters. The British drugmaker said it has a total capacity sourced for one billion doses through 2020 and into 2021, and continues to increase capacity ...
Read More »Oil gains for a 6th session as US stockpiles decline
Bloomberg Oil was headed for its longest run of daily gains since February 2019 after a drop in US crude stockpiles added to signs that the market is starting to balance. West Texas Intermediate futures rose for a sixth day in New York to near $34 a barrel. American inventories fell for a second week, and there was a record ...
Read More »Total’s Mozambique LNG to sign $15b financing in June
Bloomberg A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, marking rare progress for such a project as companies scrutinise costs. The first and most significant phase of the financing commitment for the LNG project — which will be Africa’s biggest private investment yet — ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.