Dubai / WAM Enoc group on Wednesday announced plans to open 25 new service stations across the UAE by the end of this year, 12 service stations in Sharjah, 11 in Dubai and two in the Northern Emirates. Enoc will also build one marine service station in Dubai. Three of the 11 stations planned in Dubai will be compact stations, ...

The Western world has a problem, and Intel Corp is here to fix it. That’s the apparent message from Chief Executive Officer Pat Gelsinger, who announced plans in March to return his company to the made-to-order chip business and in the process rebalance the supply chain “for something that’s critical to humanity.” “The majority of leading edge foundry capacity is ...

Get ready for the new reopening trade — and it has nothing to do with the stock market. Think teeth and travel. In discussing its latest earnings, retail giant Walmart Inc said it had noticed an increase in sales of teeth-whitening products in areas of the US where face coverings were no longer required. At Macy’s Inc, Chief Executive Officer ...

The most engaged employees are those who put in face time at the office, WeWork’s CEO, Sandeep Mathrani, declared last week, while “those who are least engaged are very comfortable working from home.” This is from a man whose livelihood depends on the profitability of commercial real estate. It’s as if the Staples chief executive said the most engaged workers ...

If you’re worried about the recent surge in inflation, some reflection on the past decade might prove useful therapy. Central banks are willing to look beyond price spikes they consider transitory, in large part because of a perceived need to atone for missteps after the last big slump. It’s hard to understand why the Federal Reserve appears unfazed without appreciating ...

Bloomberg Thailand plans to borrow an additional 700 billion baht ($22.3 billion) to fund measures to counter the worst wave of Covid-19 outbreak to hit Southeast Asia’s second-largest economy, people familiar with the matter said. A meeting of the cabinet chaired by Prime Minister Prayuth Chan-Ocha approved the new borrowing plan from the finance ministry, the people said, declining to ...

Bloomberg Sea Ltd, Southeast Asia’s most valuable company, more than doubled revenue in the first quarter, though losses swelled as it spent to ward off competition in the regional e-commerce and online entertainment arenas. Sales rose to $1.76 billion in the three months ended March from $714.9 million a year earlier, the Singapore-based company said. Net loss widened to $422.7 ...

Bloomberg The Philippine government cut its economic outlook for this year and next as it struggles with a surge in coronavirus cases that threatens its recovery. Gross domestic product is now tipped to grow 6% to 7% this year, down from a previous estimate of 6.5%-7.5%, according to the Development Budget Coordination Committee, which sets the government’s economic assumptions for ...

Bloomberg GDS Holdings Ltd is considering acquiring GLP Pte’s data centres business as the Chinese cloud computing company seeks to expand its digital infrastructure capacity in the world’s second-largest economy, according to people familiar with the matter. GDS, a developer and operator of high-performance data centers across China, is holding preliminary talks with Singapore investment manager GLP over a potential ...

Bloomberg Mumbai’s municipality has received bids to import 10 million Sputnik vaccines and expects more proposals as authorities attempt an ambitious plan to vaccinate every resident of the world’s second-most densely packed city within two months. India’s financial capital estimates to spend about 7 billion rupees ($96 million) to buy the shots, Municipal Commissioner Iqbal Singh Chahal told Bloomberg TV ...