DUBAI / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, hosted excited guests over the long weekend at extraordinary celebrations across the park to mark the 49th National Day. Guests arrived at Global Village with high expectations and the proceedings ensured no guest left disappointed. Bader Anwahi, Global Village CEO, said, ...

SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority, Shurooq, issued an administrative directive appointing Marwa Obaid Al Aqroubi as the Director of House of Wisdom, a ‘future library’ and social hub being brought to life by Shurooq. The decision reaffirms Sheikha Bodour Al Qasimi’s trust in Al Aqroubi’s vast experience as president ...

Bloomberg Centrica Plc, the biggest supplier of energy to UK homes, has resumed talks over a potential sale of its North Sea oil and gas venture after putting the plans on hold earlier this year. The London-listed company is in discussions with “a number of parties” regarding a sale of its controlling stake in Spirit Energy Ltd “but hasn’t restarted ...

Bloomberg Global efforts to reduce wasted energy have faced a major setback in 2020, sidelining a relatively simple way of slashing emissions and hitting climate goals. That’s the conclusion from an International Energy Agency report, which recorded the weakest improvement in efficiency since 2010, as investments into technologies that can cut emissions have slowed amid the economic turmoil brought on ...

Bloomberg LG Chem Ltd is voluntarily recalling some models of its home energy storage batteries in the US over concerns they could overheat and start fires. The South Korean industrial giant is working with the US Consumer Product Safety Commission on the recall after the company received reports of five fires with its battery systems that caused limited property damage ...

Back in the mid-2000s, when finance was booming and the City of London was at the peak of its powers, brokerage boss Michael Spencer joked that statues of two US politicians — Paul Sarbanes and Michael Oxley — should be put up near the London Stock Exchange. Their tough regulation of Wall Street had sent the cost of being publicly ...

When it comes to economic development, China’s amazing success soaks up much of the attention. But another huge region has quietly begun what looks like a new phase of exponential growth: Southeast Asia. The sustained enrichment of this region will transform the world, and carry important lessons for struggling countries like those in Africa. Southeast Asia was once almost completely ...

It’s hard to imagine a more daunting task than taking the reins from Ivan Glasenberg, Glencore Plc’s chief executive officer, a man who put his stamp on his company like few other corporate leaders have. Thankfully, his 45-year-old successor, fellow South African Gary Nagle, has a way to make his own mark: by finding a way for the mining giant ...

The Joe Biden administration has pledged to deploy fiscal stimulus to get the stricken US economy back on its feet, as well as increase government investment to boost long-run growth. This means the Republican opposition in Congress is back to arguing that austerity is the best way to compensate for the economic damage done by the pandemic. Even before the ...

Bloomberg Boeing Co is studying an equity sale and other ways to ease a debt burden that has soared to $61 billion this year amid the worst slump in aviation history. Adding to the financial stress, Boeing will trim output of its 787 Dreamliner to five planes a month by mid-2021, one less than previously planned, Chief Financial Officer Greg ...