ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) announced an array of celebrations taking place in the UAE capital on New Year’s Eve, including fireworks shows in some of Abu Dhabi’s most renown neighbourhoods – the Corniche, Yas Island, Al Maryah Island and Al Wathba on Thursday, December 31. In line with ...
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The three big mistakes China made in 2020
Even if you resent China for being the epicenter of Covid-19, you’ve got to admire Beijing’s leadership skills. Less than a year after the pandemic erupted, life is back to normal, while Europe and the US are still struggling. The country is now the world’s shining economic outlier. Many good things can be said about China. Wearing a mask isn’t ...
Read More »Five nice things about politics in 2020
It was a dreadful year, obviously, and that applies to US politics, too. Nevertheless, believe it or not, some stuff was worth celebrating. Here are five good developments: Republicans for democracy: In a year when the Republican Party overall showed an alarming and apparently accelerating lack of support for US democracy, we should recognise those who stepped up when it ...
Read More »Working for a shrinking asset manager is no fun
Webster’s dictionary defines bipolarity as “characterised by two directly opposing opinions, natures, etc.†Three years after the mega-merger that created Standard Life Aberdeen Plc, it’s still trying to cure itself of just such an affliction. New chief executive officer, Stephen Bird, needs to get the firm pulling in a common direction. Since taking over at the start of September, Bird ...
Read More »Why companies are fleeing California?
Amid raging wildfires, rolling blackouts and a worsening coronavirus outbreak, it has not been a great year for California. Unfortunately, the state is also reeling from a manmade disaster: an exodus of thriving companies to other states. In just the past few months, Hewlett Packard Enterprise Co said it was leaving for Houston. Oracle Corp said it would decamp for ...
Read More »Boeing’s 737 Max returns in US with American Air flight
Bloomberg Boeing Co.’s 737 Max has returned to commercial service in the US, with the first flight since two deadly crashes prompted the longest aircraft grounding in the nation’s history. An American Airlines Group Inc. 737 Max 8 landed at New York’s LaGuardia Airport, arriving slightly ahead of schedule from Miami in the first leg of a round trip. US ...
Read More »Apple loses court battle against security startup
Bloomberg Apple Inc. lost its copyright claims against a Florida company that makes “virtual iPhones†used by security researchers to test for the vulnerabilities to its system. Apple contended Corellium LLC copied the operating system, graphical user interface and other aspects of the devices without permission. It accused Corellium of acting under the guise of helping discover bugs in the ...
Read More »Airbus nears 550 deliveries in year derailed by Covid-19
Bloomberg Airbus SE has handed over close to 550 aircraft in 2020, with three days left to pad its total in a year derailed by the Covid-19 pandemic. The European planemaker is nearing the milestone after tallying 477 deliveries through November, the people said, asking not to be named citing confidential information. The figures are unaudited and will be finalised ...
Read More »Delhi airport says it’s ready for vaccine distribution challenge
Bloomberg Distributing vaccines around India will pose plenty of logistical headaches given the size of the country, its vast population and number of coronavirus cases, now at more than 10 million. For its part, India’s busiest airport is “completely ready†to handle Covid-19 vaccines, according to Delhi International Airport Ltd. Chief Executive Officer Videh Kumar Jaipuriar, but there could be ...
Read More »AirAsia sells stake in India venture to Tata for $38mn
Bloomberg AirAsia Group Bhd., hit by the coronavirus pandemic that’s decimated passenger demand, is selling its 32.7% stake in AirAsia India Ltd. to its partner Tata Sons Ltd. for about $38 million. The Malaysian low-cost carrier entered into an agreement with Tata Sons, which already owns 51% of the venture, according to an exchange filing. AirAsia Group last month said ...
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