Dubai / Gulf Time Floward, the go-to online flowers and gifts delivery destination in the Mena and UK announced the appointment of its first independant board member Nicholas Farhi as part of the company’s efforts to attract international expertise and meet best global governance practices. With over 20 years of experience, Nicholas Farhi is currently a partner at OC&C ...

  Bloomberg European electricity prices jumped after the region’s biggest producer cut its nuclear output target for a second time in a month, the latest sign that this winter’s energy crisis is far from over. Electricite de France SA said its nuclear production could fall this year to levels not seen since 1990, and Morgan Stanley says there’s a “meaningful ...

  If you’re thinking of investing in obscure battery materials to take advantage of the energy transition, there’s one company you should be watching right now: Zhejiang Huayou Cobalt Co. Shares in the Shanghai-listed business have soared four fold over the past three years, to the point that it’s now worth more than Nippon Steel Corp., until recently the world’s ...

This year, astronauts will likely complete construction of Tiangong, China’s answer to the International Space Station. It’s the next step in China’s progress toward becoming a major space power. It also looks like a bet that the US lacks the planning and willpower to replace its much bigger outpost in orbit. A “space-station gap” that erodes America’s traditional leadership is ...

  Giving up on a dream is hard. When it’s built on billions of dollars, it’s even harder. The tech world was locked in a debate last week about the potential for Web3, a decentralised version of the internet underpinned by digital currency that proponents would like to see replace the current, corporate-dominated Web2. Rarely will you see geeks argue ...

  By all appearances, the standoff over Ukraine remains dangerous. Although Russia continues to deny that it plans an attack, President Vladimir Putin has massed troops, hardware, weapons stockpiles and medical units on Ukraine’s borders, and continues to add to their number. The US is sending 2,700 troops to bolster Nato’s eastern flank, with at least 8,500 more ready to ...

  Bloomberg Regulators are taking steps to shield US aviation-industry engineers from the kind of company pressure that was revealed in investigations of the design flaw on the Boeing Co. 737 Max linked to two fatal crashes. The Federal Aviation Administration on Monday proposed new policies that would shield employees at Boeing and other planemakers who act on behalf of ...

  Bloomberg Rolls-Royce Holdings Plc plans to hire around 150 people across its network of partners in Singapore as airlines start to bring back planes that were grounded during the pandemic and international travel picks up. London-headquartered Rolls-Royce expects about 80% of the planned expanded head count for this year will be for maintenance, repair and operations (MRO) ventures, Bicky ...

  Bloomberg US store shelves got a little emptier in the last three months of 2021, according to data provider NielsenIQ, which is unveiling a barometer of out-of-stock goods amid ongoing supply constraints. On-shelf availability slipped to 93.5% during the 13 weeks ending December 25 at supermarkets, mass retailers, drug stores and dollar stores, NielsenIQ said. That was a percentage ...

  Bloomberg Airbus SE and the government of Quebec agreed on a $1.2 billion investment that allows the Canadian province to remain an owner of the A220 jet program for four additional years. The French plane maker committed to investing $900 million in the loss-making program while Quebec will put up $300 million, according to a statement. Under the deal, ...