Sharjah / WAM The Expo Centre Sharjah on Wednesday posted on its social media platforms a video highlighting the importance of conferences and exhibitions as a vital method for humanitarian and cultural communication, on the occasion of the Global Exhibitions Day 2020, which is observed on June 3 every year. The video also highlighted the key role of conferences and ...
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Beijing bets on homegrown nuclear reactors
Bloomberg China probably won’t hit its nuclear energy target this year, but that’s unlikely to derail a broader ambition to become the planet’s chief proponent of the climate-friendly fuel by the end of the decade. In an energy mix that’ll still heavily feature coal and other fossil fuels, government researchers have said that nuclear capacity could more than double to ...
Read More »Solar power to cost less than coal soon
Bloomberg New solar and wind farms will soon cost less than many of the world’s coal-fired power plants, and governments should invest in them to boost economies amid the coronavirus, according to the International Renewable Energy Agency. Coal plants with a capacity of up to 1,200 gigawatts will probably be more expensive to run by next year than new, large-scale ...
Read More »Ayala leads $542m bid for Australia’s Infigen Energy
Bloomberg Infigen Energy, one of Australia’s biggest wind-farm operators, has received a takeover offer from a group backed by the Philippines’ Ayala Corp valuing the company at A$777 million ($542 million). The A$0.80-per-share bid from UAC Energy Holdings Pty is at a 36% premium to Infigen’s closing price. UAC, which is 75% controlled by Ayala, has already acquired a 12.8% ...
Read More »The world is watching Trump’s presidency
This unraveling presidency began with the Crybaby-in-Chief banging his spoon on his highchair tray to protest a photograph — a photograph — showing that his inauguration crowd the day before had been smaller than the one four years previous. Since then, this weak person’s idea of a strong person, this chest-pounding advertisement of his own gnawing insecurities, this low-rent Lear ...
Read More »Takeaway from Biden’s big speech
Former Vice President Joe Biden went to a church in Delaware to listen to voices of protest, then gave a speech in Philadelphia about what has happened in the country since George Floyd was killed in Minneapolis. Both appearances told us a lot about what a Biden presidency would look like. A while ago, I called Barack Obama’s high school ...
Read More »NetEase is returning home to go global
So get this. A US-listed, Cayman Islands-domiciled, Chinese internet company is seeking to sell shares in China, so that it can become more internationalised. That’s among the bizarre rationales for NetEase Inc’s offering in Hong Kong, 20 years after the company first debuted on the Nasdaq. The elephant in the room, which gets the briefest of mentions in its 458-page ...
Read More »Don’t only bet on the fast Covid-19 vaccines
As companies and countries pour money into the effort to develop Covid-19 vaccines, timelines keep getting more ambitious and dates for delivering a workable immunisation against the virus keep moving up. Yet even with companies such as Moderna Therapeutics Inc and AstraZeneca Plc signalling rapid progress and already enrolling patients in mid-stage trials, it would be quite a feat if ...
Read More »Lufthansa plans job cuts, other restructuring to repay bailout
Bloomberg Deutsche Lufthansa AG signalled it would make sweeping job cuts and sell off non-core units in order to repay a $10 billion coronavirus bailout from the German government. Europe’s biggest airline will slash employee expenses and look at spinning off non-core units to reduce costs and bolster cash flow as the coronavirus crisis depresses revenue, it said in a ...
Read More »Makeup brand Tilbury nears sale for $1 billion
Bloomberg Celebrity makeup brand Charlotte Tilbury is nearing a sale to Puig, the Spanish company behind Paco Rabanne perfumes, in a deal valuing the business at more than $1 billion, people familiar with the matter said. An agreement to buy UK-based Tilbury could be announced as early as this week, said the people, who asked not to be identified because ...
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