Dubai / WAM Dubai Future Foundation and Dubai Municipality (DM) have announced the launch of the “Future of Construction Tech” programme within Dubai Future Accelerators (DFA). The programme drew the participation of 10 companies from the UAE and across the world with the aim of creating quality and technologically-advanced solutions to enhance supervision and inspection services in buildings either under ...

Bloomberg Quantafuel AS, a Norwegian company turning plastic waste into motor fuels, jumped the most ever in Oslo trading after finally starting operations at its first plant. The company, which was founded in 2014, has more than tripled in value since listing on Oslo’s Merkur Market in February. It’s now valued at more than $1 billion. Quantafuel started production at ...

Regional elections are often dull and predictable. Unfortunately for President Vladimir Putin, the ones in Russia will be neither, when the world’s largest country goes to the polls. The dramatic poisoning of opposition campaigner Alexey Navalny adds to a string of events that will make it harder than ever for the Kremlin to guarantee its desired results. A dress rehearsal ...

At last we have at least a partial explanation for why Tesla Inc’s stock gained 500% this year: Massive bets on high-flying technology shares by SoftBank Group Corp and others using equity derivatives. The extraordinary rise valued Elon Musk’s electric car business at $464 billion at the peak in late August, when only six US companies were worth more. Unfortunately ...

New York City (NYC), the epicenter of the coronavirus pandemic last spring, and the largest public school district planning to begin at least some in-person instruction, has botched its reopening plans for the fall. Its mistakes are a cautionary tale for school systems across the US that are struggling to balance the benefits of resuming their educational programs against the ...

As President Donald Trump repeatedly touts the possibility of a Covid-19 vaccine winning approval by Election Day, the companies he needs to make that happen are pushing back. And that’s a good thing all around. Nine major coronavirus vaccine developers — including Pfizer Inc, AstraZeneca Plc, and Moderna Inc — signed a joint pledge under which they committed not to ...

Bloomberg Almost every Boeing Co 787 Dreamliner may have a newly disclosed manufacturing flaw in its horizontal stabiliser, said a person familiar with the matter. While Boeing says the issue doesn’t pose an immediate hazard, engineers are studying whether the fault could prematurely age the jets’ carbon-fiber structure. Improper gaps in the stabiliser, the small wing in the aircraft tail, ...

Bloomberg Lululemon Athletica Inc reported a surge in its e-commerce business as quarantined consumers flocked to comfy apparel like yoga pants. Chief Executive Officer Calvin McDonald said he is “cautiously optimistic” about the second half of the year. In an echo of retailers including Gap Inc and Nike Inc, Lululemon’s comparable online sales excluding currency impacts rose 157% in the ...

Bloomberg Ryanair Chief Executive Officer Michael O’Leary lashed out at governments over their handling of the coronavirus pandemic, saying an ineffective response to the crisis had added to the difficulties of struggling airlines. Leaders in the UK and Ireland are focussed on the wrong data with the daily coronavirus case rate and should put more effort towards test-and-trace programs to ...

Bloomberg China’s biggest airshow, which takes place every two years in the southern city of Zhuhai, has been canceled due to the coronavirus, according to a statement Wednesday. The China International Aviation & Aerospace Exhibition was due to take place from November 10-15 and feature industry giants including Boeing Co and Airbus SE. The biennial show first took place in ...