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EuroTier makes Middle East debut in Abu Dhabi

ABU DHABI / WAM EuroTier, the world’s leading trade show for animal husbandry and livestock management has announced the launch of its inaugural exhibition in the Middle East, the first-of-its-kind gathering for farmers, farm owners, livestock managers and agriculturists in the region. It is scheduled to run from September 2 to 4 at Abu Dhabi National Exhibition Centre. Saeed Al ...

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UAE passport renewals at Dubai airport rise 768% in 5 years

DUBAI / WAM A Service Centre at Dubai International Airport’s terminal three witnessed 768 percent increase in number of UAE passport renewals in the past five years, mainly due to the passport’s jump in global ranking and increased awareness among Emiratis, a senior official told Emirates News Agency (WAM). “Emiratis travelling abroad used to ensure that their passports were renewed ...

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Borneo to replace Jakarta as Indonesia’s new capital

Bloomberg Indonesia will build a new capital city on the island of Borneo, home to some of the world’s biggest coal reserves and orangutan habitats, as President Joko Widodo seeks to ease pressure on congested and sinking Jakarta. The new administrative headquarters will be located between North Penajam Paser and Kutai Kartanegara in East Kalimantan, Jokowi, as the president is ...

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$94bn fund plans to cut Australia carbon footprint by 10%

Bloomberg One of Australia’s biggest infrastructure investors has pledged to cut carbon emissions across its portfolio of airports, toll roads and electricity assets in the nation by about 10%, as the pensions industry steps up its commitment to tackling climate change. IFM Investors Pty., which manages A$140 billion ($94 billion), will cut 200,000 tons of annual carbon emissions from its ...

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Chinese startup Pony.ai strikes deal with Toyota

Bloomberg Chinese autonomous-driving company Pony.ai struck a partnership with Toyota Motor Corp., a boon for the startup seeking to take on US rivals such as Alphabet Inc.’s Waymo. Pony.ai and Toyota are teaming up on a pilot project as they attempt to accelerate the development and deployment of self-driving vehicles, according to a statement from Pony.ai on Monday. The companies ...

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Tesla to raise its prices in China

Bloomberg Tesla Inc. will raise vehicle prices in China this week, two people familiar with the matter said, a reaction to the trade war that weighs on the country’s currency and threatens to once again lead to higher import tariffs. Price hikes that were originally planned for September will now take place this Friday, a sales representative and another Tesla ...

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India’s new measures to spur economic growth falling short

Bloomberg India’s steps to boost financial market sentiment and support businesses could fall short of shoring up growth in Asia’s third-largest economy. Finance Minister Nirmala Sitharaman announced a number of measures last week to help re-ignite an economy that’s slowed sharply on the back of weak consumption and a deteriorating global environment. However, she didn’t outline any major fiscal support ...

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Singapore mulls bonds, reserves for $72bn climate fight

Bloomberg Singapore is weighing options including the issuance of government bonds to fund the S$100 billion ($72 billion) it could take to fight rising sea levels over the next century. In the short-term, funding for projects such as a S$400 million upgrade to the city-state’s drainage systems to boost flood resilience will come from ministry-level expenditures, Minister for the Environment ...

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New US LNG export plans threatened amid trade war

Bloomberg Liquefied natural gas (LNG) may have dodged the latest round of Chinese tariffs on US goods, but plans for new American terminals to ship the fuel abroad are under threat as trade war escalates. Tellurian Inc. and other developers will probably delay final investment decisions on multibillion-dollar US LNG export projects to 2020 from this year as the tensions ...

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India extends deadline for solar projects again

Bloomberg India has extended a deadline to submit bids for building solar power equipment factories in the South Asian nation, in another delay to its efforts to boost its nascent domestic manufacturing capacity. The new deadline to submit bids for the tender is September 11 , Solar Energy Corp. of India said on its website Monday. The tender seeks to ...

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