Bloomberg China’s equities and currency slid, with the yuan weakening past 6.9 a dollar for the first time since May 2017 and losses in tech stocks spiraling into a broad selloff. The Hang Seng China Enterprises Index fell 2 percent at the close for its fourth day of losses. Tencent Holdings Ltd. rattled equities after surprising investors with its first ...

DUBAI / WAM A UAE delegation, led by Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, concluded an official visit to Australia to promote collaboration on various environmental fronts. During the three-day visit, the delegates attended bilateral meetings with top Australian officials and toured multiple environmental and agricultural facilities in the country. At the Parliament House in ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) commissioned the 2MWp Solar Carport Project, at its headquarters and at the Ministry of Climate Change and Environment (MOCCAE) building. Dewa launched the project last year as part of the Shams Dubai initiative, to increase reliance on clean energy, support the Smart Dubai initiative, and achieve its vision of becoming ...

ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, signed an agreement to be the official shirt and main sponsor and partner of the Riyadh-based, Saudi Stars League team, Al Nassr FC. The multi-season partnership was signed at Etihad Airways’ Innovation Centre in Abu Dhabi, and was attended by senior members of both organisations’ leadership ...

New York / Emirates Business dnata, one of the world’s largest air services providers, has launched passenger handling operations at New York-JFK Airport. Already providing ground handling to over 50 airlines in the United States, this is a natural portfolio extension for dnata in New York. The launch customer is Copa Airlines, the flag carrier of Panama, which operates four ...

Dubai / WAM The 9th edition of Seatrade Maritime Middle East, the region’s biggest maritime exhibition, will run in Dubai World Centre on October 29-31 as part of UAE Maritime Week. Held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Seatrade Maritime Middle East offers a dynamic, free-to-attend conference programme, including ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry concluded a study mission to India, which explored business opportunities in the country’s gems and jewellery sector. The study mission included visits to Mumbai and Delhi and coincided with the India International Jewellery Show, the largest event of its kind in India, where the Dubai Chamber hosted a seminar attended ...

Bloomberg Vestas Wind Systems A/S surged the most in two years after the wind turbine maker announced a $227 million share buyback and said its orders rose. “Order intake was very strong, and profitability was clearly above market expectations,” said James Evans, an analyst at Bloomberg Intelligence. It was “aided by Vestas’ new push into co-developing projects, with two US ...

Bloomberg Cheap drones are poised to boost output and cut operating expenses for the energy industry. The unmanned aerial vehicles are generally faster and less expensive than people, and can go places that may not be safe for workers. As costs fall, and their capabilities increase, drones are spotting leaks in natural gas pipelines, helping utilities inspect transmission and distribution ...

Bloomberg Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as $3 billion, people with knowledge of the matter said. The Beijing-based company, whose 32-year-old co-founder Jihan Wu is one of the most powerful players in crypto, plans to file a listing application with the ...