ABU DHABI / WAM Alpha Condé, President of Guinea, has received Major General Dr Ahmed Nasser Al Raisi, Inspector General of the Ministry of the Interior (MoI), and his accompanying delegation. During the meeting, the sides discussed means to enhance relations between Guinea and the UAE in police and security fields. President Condé stressed the depth of the UAE-Guinea relations, ...
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Khalifa University becomes Global E3 Consortium member
ABU DHABI / WAM Khalifa University (KU) is now a member of the Global Engineering Education Exchange Program (Global E3 Consortium), a consortium-based exchange programme established in 1995 that provides undergraduate engineering students an opportunity to study in leading universities from around the world while being able to pay tuition at their home university. As a top ranked university in ...
Read More »World’s top platinum giants eye solar power
Bloomberg The world’s biggest platinum miners are ramping up plans to build renewable energy plants to free them from power outages that have plagued South Africa for more than a decade and to reduce their carbon footprint. Sibanye Stillwater Ltd, the No. 1 platinum miner, Impala Platinum Holdings Ltd and Anglo American Platinum Ltd said they plan to scale up ...
Read More »New Jersey amps up wind fight, overriding beach towns
Bloomberg Offshore wind farm developers are finding one more thing in common with the fossil fuel industry: community backlash on both sides of the Atlantic. Much like the resistance to fracking in parts of the US and the UK, oceanfront towns have fought against power lines running ashore from wind farms, even as the massive turbines themselves are mostly out ...
Read More »Enel to boost its electric mobility business 20-fold
Bloomberg Enel SpA, Italy’s largest utility, plans to dramatically boost its electric mobility business in the next decade, installing 4 million charging stations worldwide from the current 180,000, Chief Executive Officer Francesco Starace said in an interview with daily Corriere della Sera on Sunday. “Our role is to act alongside car manufacturers in order to understand how to set up ...
Read More »Why Modi’s India can’t repeat its 1991 miracle
Exactly 30 years ago, a looming balance of payments crisis finally convinced India’s leaders to dismantle its socialist economy, ushering in private enterprise and years of higher growth. Those pundits and policy makers hoping that Prime Minister Narendra Modi might use the country’s Covid-induced slump to launch similarly dramatic reforms, however, are likely to be disappointed. That’s not because Modi ...
Read More »Snap’s secrets of super-specialness
Snap Inc is proving itself to be a cut above the rest. Its latest results show why. The social-media company reported second-quarter earnings that crushed Wall Street’s expectations. Revenue in the period surged 116% from a year earlier to $982 million, handily beating the Bloomberg consensus estimate of $847 million. Snap’s daily active users jumped by 23%, also ahead of ...
Read More »Evergrande’s boss needs a lot of new friends now
In the past, China Evergrande Group has always been able to wiggle out of trouble. In turbulent times, billionaire founder Hui Ka Yan would turn to his tycoon friends to prop up his stocks and bonds. The persistent support they’ve provided — buying up Evergrande debt — is why the developer is also Asia’s largest dollar junk bond issuer. Hui’s ...
Read More »London’s Delta surge should jolt New York
London is in a precarious position when it comes to Covid-19. Remaining restrictions were recently lifted in the city along with the rest of the UK even as the highly infectious delta variant drives cases higher. London’s delta wave won’t be as bad as past outbreaks — hospitalisations and deaths remain low because of its high vaccination rate. But the ...
Read More »Southwest says it’s ‘hopeful’ of return to second-half profit
Bloomberg Southwest Airlines Co said it was “hopeful†of returning to profitability in the third and fourth quarters, amid concerns over the financial impact of a coronavirus variant and a recent rash of flight delays. The potential for an adjusted profit excludes any benefit from billions of dollars in airline aid provided by the US government, Southwest said as it ...
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