Dubai / WAM The Dubai Police General HQ and main buildings, including the Dubai Police Academy in Umm Suqeim, across Dubai have recently turned red in celebration of the UAE’s Hope probe which is set to arrive to Mars on February 9. According to Brigadier Khalid Ali Shuhail, Acting Assistant to Commander-in-chief for Community Happiness and Logistic Support, the move ...

Sharjah / WAM Al Jawaher Reception and Convention Centre (JRCC), Sharjah’s largest high-end venue for all types of social and corporate events and catering services, announced that it is open for business again after weathering the unprecedented challenges presented by 2020, utilising the down-time for maintenance and refurbishment work that has served to enhance its world-class amenities. “JRCC plays an ...

Bloomberg Northam Platinum Ltd is considering making an offer for the mothballed Bokoni mine as it seeks to expand output and capitalise on a rally in platinum-group metal prices, according to three people familiar with the plan. South Africa’s fourth-biggest platinum producer has evaluated a bid for Bokoni but no final decision has been taken and the company is yet ...

Bloomberg IDB Invest is in talks to roll out so-called decarbonisation loans to projects in Latin America as the multilateral institution looks to help the region meet its climate goals by accelerating the replacement of fossil fuel assets. “In energy, we are talking to different clients both in Chile and Costa Rica,” Chief Investment Officer Gema Sacristan said. “Our focus ...

Bloomberg Siemens Energy AG will cut roughly a sixth of workers from its gas and power division in the latest sign that the worldwide shift to green energy is upending the fossil-fuel businesses. The company will eliminate 7,800 jobs by the end of its 2025 financial year, including about 3,000 positions in Germany and 1,700 in the US. Roughly three-quarters ...

Figuring out how to combine science with fairness in Covid-19 vaccine distribution is a tricky puzzle. Science can help predict how to distribute limited doses to minimise overall deaths, but that means acting fast, which might compromise fairness. That’s how we end up with outrage when hospital administrators get shots ahead of nursing home residents, or, as The Atlantic reports, ...

India’s economy has suffered more than most from the pandemic and so have its people. The country has lost more than a year’s worth of growth and perhaps a decade’s progress in its efforts to reduce poverty. The economic contraction — the first in India since the 1970s — has put pressure on its government like so many others to ...

Is Texas really a serious rival to California as a destination for high-tech? The growing exodus of banner companies — Oracle Corp, Hewlett-Packard Enterprise Co, Tesla Inc’s Space-X and others — suggests that there’s something to the idea. Still, skeptics rightly point out that plenty of other places have made a bid to become the new Silicon Valley and never ...

In 2019, Deutsche Bank AG and Commerzbank AG explored (and abandoned) plans to fix their broken models by merging. Since then, they have been making some progress on their own and up against the pandemic. After five years in the red, Deutsche finally returned to a meager profit, while Commerzbank, the smaller rival, is at last embarking on a much-needed ...

Bloomberg Alibaba Group Holding Ltd drew robust orders for a $5 billion bond sale, demonstrating investor confidence in the e-commerce giant’s long-term prospects amid easing tensions with Chinese regulators. The four-tranche offer received more than $38 billion in orders at the peak, according to people with knowledge of the matter. The notes comprising 10-year, 20-year, 30-year and 40-year maturities were ...