ABU DHABI / WAM The Ministry of Education signed a Memorandum of Understanding (MoU) with the Congregation for Catholic Education at the Holy See, Vatican, to strengthen their cooperation in education. The MoU was signed by Hussain bin Ibrahim Al Hammadi, Minister of Education, and Cardinal Cardinal Giuseppe Versaldi, Prefect of the Congregation for Catholic Education and President of Pontifical ...
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Enoc to roll out world’s first ‘eLink’ stations in UAE
Dubai / WAM Enoc Link, the digital mobile fuel delivery service for businesses in the UAE by Enoc group, on Wednesday announced its plans to roll out its new and world-first eLink Station across the UAE. The eLink Station is a mobile fuelling format that will enable motorists and customers easy access and convenient fuelling services. It is designed to ...
Read More »Joe Biden’s voting rights bluster recycles failed plan
President Joe Biden says the US is facing a crisis of democracy, but he’s not acting as though he believes it. In a speech in Philadelphia, Biden said that the voting system is threatened as it has not been since the Civil War. His recommended solution is to pass legislation that has been known for months to be dead in ...
Read More »Crypto revolution will not be public
A revolution is pending in finance, and the world is only beginning to realise the transformations it is likely to bring. Financial institutions will have to take a radically different approach to information technology just to stay in business. Bullish Global, a crypto firm, is planning to go public this year, with an expected valuation of $9 billion. Circle Internet ...
Read More »How to take the SPAC money and go private
From electric carmakers to space tourism to online learning firms, special-purpose acquisition companies (SPAC) have provided an easy route to the public markets for businesses with, generously, a long path to profitability. The SPAC boom is now also smoothing the way for a legacy media company — Britain’s biggest newspaper — to leave the public markets through a wily feat ...
Read More »A carbon border tax is a necessary nuisance
The European Union wants to prove to the world just how serious it is about fighting climate change. But can it coerce other countries to act as decisively? On Wednesday, the European Commission was expected to outline a hugely ambitious package of climate legislation with the aim of achieving the bloc’s goal of cutting greenhouse gas emissions by at least ...
Read More »Air France-KLM in talks with Boeing, Airbus for 160 jets
Bloomberg Air France-KLM has begun negotiations with Boeing Co and Airbus SE on what could be the group’s biggest-ever aircraft order as it seeks to expand low-cost operations and renew part of its main Dutch fleet. The 160 single-aisle planes would be destined for the Transavia discount division and European operations at KLM, a spokesman said. The brands currently operate ...
Read More »Adani’s firm takes control of Mumbai airport from GVK
Bloomberg Adani Enterprises Ltd has taken control of Mumbai’s international airport from GVK Group, in a bold bet by billionaire Gautam Adani that travel will stage a rapid recovery after being crushed by the pandemic. The deal for Mumbai International Airport Ltd, India’s second busiest, makes Adani Airport Holdings Ltd the nation’s largest airport infrastructure company, accounting for 25% of ...
Read More »Porter Airlines elbows onto Air Canada turf with jet deal
Bloomberg Porter Airlines Inc plans to order as many as 80 Embraer SA commercial E195-E2 jets as it expands services to Toronto’s Pearson International Airport. The decision moves the regional carrier squarely onto larger rival Air Canada’s home turf as the airline industry prepares for a surge in travel demand as pandemic restrictions begin to ease. The introduction of jets ...
Read More »Hong Kong’s apparel giant sues US
Bloomberg Hong Kong apparel giant Esquel Group said it is suing the US government for what it called the “erroneous†blacklisting of a subsidiary, saying it had been “falsely implicated†in the use of forced labor in China’s Xinjiang region. The unit, Changji Esquel Textile Co, was added to the US Commerce Department’s Entity List during former President Donald Trump’s ...
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