Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 79.6% of the Lusaily water reservoir, which has a storage capacity of 60 million imperial gallons (MIG). With investments totalling AED 175.4 million, the project is expected to be completed by the end of Q3 2021. ” Dewa works in line with its strategy to consolidate Dubai’s leading position ...

SHARJAH / WAM The Environment and Protected Areas Authority in Sharjah (EPAA) has started implementing a coral reef cultivation project in the Al Hamriyah region of Sharjah. The project aims to achieve sustainable development of marine life, increase biological cover and biodiversity as well as rehabilitate marine life in the area. The coral reef farming project in the Al Hamriyah ...

When the Apple II personal computer was shipped in 1977, it came with a detailed manual for upgrading and repairing the device. Parts were readily available from Apple Inc. (and, later, other manufacturers), and if Apple owners didn’t want to fix or upgrade at home, they could find plenty of small, competitive repair businesses to do the work for them. ...

Bitcoin lovers, cry foul! Accounting firms are restricting corporations from holding the cryptocurrency as assets even as they give free rein to venture capital firms — such as SoftBank Group Corp — to invest in equally risky and volatile unicorns. MicroStrategy Inc and Elon Musk’s Tesla Inc own Bitcoin but they are exceptions. One survey found that only 5% of ...

Just months before she retires from politics, German Chancellor Angela Merkel is jetting to Washington to meet US President Joe Biden. The event will be staged to show a return to transatlantic harmony after four years of acrimony under Biden’s predecessor, Donald Trump. But to keep up those appearances, the Americans will be hiding a crushing sense of disappointment, and ...

Wise old market heads often remark that the bond market rarely lies and it often leads the stock market. This is particularly apposite at the moment, with too much cash kicking about and forcing bond, house and equity prices ever higher — infinite money chasing finite assets. It is putting the Federal Reserve in something of a dilemma: It has ...

Bloomberg US Treasury Secretary Janet Yellen will press European Union (EU) officials in Brussels to reconsider their plan to propose a digital levy after securing the Group of Twenty’s endorsement for the principles of a global corporate-tax agreement. Yellen is in Brussels following the gathering of G-20 finance ministers and central bankers in Venice, which concluded with the group’s call ...

Bloomberg Britain’s household wealth surged 900 billion pounds ($1.3 trillion) during the pandemic, and much of that went to the richest people, a study by the Resolution Foundation showed. The figure is well above the Bank of England’s estimate for how much money consumers accumulated during lockdowns that shut most stores and prevented people from traveling. It adds to evidence ...

Bloomberg Toronto saw the lowest number of homes trade hands in a year in June as the pandemic-fueled demand that drove the market to record highs starts to fade with immigration still muted. Home sales in Canada’s largest city fall 9.1% in June from the month before to 8,885 transactions, the third consecutive monthly decline, according to data released by ...

Bloomberg Just months after bankers celebrated a record haul from taking Chinese companies public in New York and Hong Kong, they’ve had a rude awakening. Deals are being shelved and investors are nursing heavy losses. A chill has settled over global finance after a fortnight in which China first cracked down on its Uber-like Didi Global Inc. within days of ...