SHARJAH / WAM The 18th edition of the Sharjah Heritage Days (SHD) continues in the city of Khor Fakkan “Heritage Area”, as it witnessed a remarkable turnout of attendees on its second day. In a joyful heritage atmosphere that brought together citizens, residents and heritage lovers in the area of Khor Fakkan, the second day of the 18th edition of ...
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Zayed University Council discusses new policy on e-learning
ABU DHABI / WAM Led by Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, and President of Zayed University (ZU), members of the Zayed University Council held their second meeting of 2021 to review several topics on the Council’s agenda. Initiating the meeting, Noura Al Kaabi greeted and praised all Council members for their sincere engagement towards enhancing ...
Read More »AGL starts technology JV with UK energy supplier
Bloomberg AGL Energy Ltd, Australia’s largest electricity retailer, will launch a joint venture with Ovo Energy Ltd. to use the UK utility’s technology platform Kaluza. As part of the agreement, AGL will invest in Ovo Energy Australia to adapt the Kaluza platform for its domestic market. The aim is to digitalize AGL’s services and offer customers smart products as households ...
Read More »China coal giants surge 10% on rising prices
Bloomberg China’s coal mining giants surged on Monday after promising generous dividend payouts and as prices for the fuel jumped on supply tightness. Shares for China Shenhua Energy Co. and Yanzhou Coal Mining Co. both rose more than 10% in Hong Kong. The companies, China’s largest listed miners by production, said Friday they would give the lion’s share of 2020 ...
Read More »A better way for farmers to cash in on carbon
There’s growing enthusiasm inside and outside the Biden administration for establishing a market that would make carbon dioxide a cash crop for US farmers. The potential climate benefits are huge: US farms have the capacity to sequester hundreds of millions of metric tons of C02 every year — many times the amount of carbon offset annually by the country’s solar ...
Read More »The truth of Deliveroo’s $11b IPO
The investment giants kicking up a stink about Deliveroo Holdings Plc, the hot startup that is preparing to list in London next week, are only half right. Legal & General Investment Management, Aberdeen Standard Investments and Aviva Investors are among the asset managers who have said they don’t plan to invest in the initial public offering, which will see the ...
Read More »Japan remade its supply chains after catastrophe
As global supply chains buckle under Covid-19 stress, those in Japan remain sturdy, free of inflationary pressures and fitful economic activity. Container shipping costs aren’t spiking and delivery times aren’t delayed. Industrial activity is humming along while manufacturers’ sentiment is at its highest in almost two years. Overseas orders are recovering. It’s all the product of hard lessons learned — ...
Read More »Johnson played a blinder on the EU vaccine spat
A blustering prime minister and a rule-breaking UK government present few problems for the European Commission. It has long experience of dealing with troublemakers on the fringes of Europe. A sweetly reasonable Boris Johnson, however, is a more formidable opponent. He should try making nice more often. Commission President Ursula von der Leyen is under fire across the continent, especially ...
Read More »Carrefour to buy Walmart’s former business in Brazil
Bloomberg Carrefour SA is buying Walmart Inc.’s former Brazil unit to cement its position as the country’s largest supermarket operator two months after being the target of a failed takeover bid. Advent International and Walmart agreed to sell Grupo BIG Brasil SA for about $1.3 billion, Carrefour said. Brazil is already the French retailer’s second-largest market, and the deal would ...
Read More »French government, EU close in on rescue plan for Air France
Bloomberg French Finance Minister Bruno Le Maire said the government and the European Commission are nearing a deal for the recapitalisation of Air France that could be finalised in the coming days. “The negotiation was long and difficult and isn’t entirely finished,†Le Maire said on Monday on France Info radio. The accord will be fair and protective for Air ...
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