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Bloomberg The volume of goods going through British ports to the European Union has fallen by as much as 68% since Brexit, according to the Road Haulage Association, as the UK grapples with its new trading relationship with the bloc. The number of customs brokers need to be increased fivefold to help firms with extra checks, Richard Burnett, chief executive ...

Bloomberg By the end of this decade, more than 80% of all vehicles sold by Dr Ing hcF Porsche AG will be electric, CEO Oliver Blume told Bild am Sonntag in an interview. This will include fully electric and hybrid variants, while Porsche will continue to offer its 911 model with internal combustion engines, albeit able to handle synthetic fuels, ...

Bloomberg President Alberto Fernandez of Argentina, one of the world’s powerhouse food suppliers, is threatening farmers with a tax hike or quota for exports as he seeks relief for families grappling with inflation that’s forecast to reach 47% this year. If the farm industry continues to sell food at home for the same prices at which it exports, the government ...

Bloomberg Treasury Secretary Janet Yellen said the US can return to full employment in 2022 if it enacts a robust enough coronavirus stimulus package, but otherwise risks a slower rebound in jobs and the economy. “I’m afraid that the job market is stalling,” she said on CBS’s “Face the Nation,” in one of two interviews. Yellen said that low-wage earners, ...

Sharjah / WAM German investors received a crash course in the investment opportunities abounding in Sharjah’s emerging industries at a high-profile business webinar organised by the Sharjah FDI Office (Invest in Sharjah), which operates under the Sharjah Investment and Development Authority (Shurooq). Highlighting Sharjah’s advantages in providing an impressive growth and expansion platform for German companies in a wide range ...

Abu Dhabi / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee has approved capping operating capacity of commercial, economic and tourism activities, effective 7th February, to bolster precautionary measures implemented to curb the spread of Covid-19. The committee approved capping operating capacity of shopping malls to 40%, gyms, private beaches and swimming pools to 50%, restaurants, coffee shops, hotels, ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) registered a new patent for its Hydronet project, adding to its track record of achievements. The Hydronet project uses artificial intelligence (AI) and deep learning to monitor and control the water network in Dubai remotely. The project can be integrated with any SCADA system and provide real-time insights on the current ...

Dubai / WAM The Dubai Police General HQ and main buildings, including the Dubai Police Academy in Umm Suqeim, across Dubai have recently turned red in celebration of the UAE’s Hope probe which is set to arrive to Mars on February 9. According to Brigadier Khalid Ali Shuhail, Acting Assistant to Commander-in-chief for Community Happiness and Logistic Support, the move ...

Sharjah / WAM Al Jawaher Reception and Convention Centre (JRCC), Sharjah’s largest high-end venue for all types of social and corporate events and catering services, announced that it is open for business again after weathering the unprecedented challenges presented by 2020, utilising the down-time for maintenance and refurbishment work that has served to enhance its world-class amenities. “JRCC plays an ...

Bloomberg Northam Platinum Ltd is considering making an offer for the mothballed Bokoni mine as it seeks to expand output and capitalise on a rally in platinum-group metal prices, according to three people familiar with the plan. South Africa’s fourth-biggest platinum producer has evaluated a bid for Bokoni but no final decision has been taken and the company is yet ...