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Bloomberg Airbnb Inc’s long awaited filing for an initial public offering (IPO) makes the devastation wrought by Covid-19 abundantly clear, and shows how its business now hangs on domestic travel. Since the coronavirus pandemic swept across the globe in March, closing borders and grounding flights, the travel sector’s woes have been on full display. Public companies such as Marriott International, ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and General Supervisor of the ‘Dubai: Capital of Islamic Economy Initiative’ said that the UAE has accumulated extensive expertise in the field of Islamic Economy and established a robust fintech infrastructure that places it in a strong position ...

ABU DHABI / WAM ‘Reframing Museums’, the global virtual symposium on future models for the arts and culture sector, was opened on Monday. The symposium has received over 1,000 registrants and brings together over 60 speakers from five continents to address new responsibilities and challenges facing museums today, as well as showcase opportunities for the arts and culture sector. Mohamed ...

Abu Dhabi / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, launched the “Positive Customer” application, which aims to strengthen the community’s role in positive participation. The application also aims to evaluate and develop the services of the Ministry of Interior, which is one of its smart initiatives and projects, ...

ABU DHABI / WAM The Khalifa International Award for Date Palm and Agricultural Innovation has organised the second virtual discussion session with applicants of the Award’s 13th Session. Under the directives of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and President of the Khalifa International Award for Date Palm and Agricultural Innovation ‘s Board of Trustees, ...

DUBAI / WAM As the technology sector continues to propel society’s shift towards becoming a smarter environment, laying the foundations for industries to leverage digitalisation for their transition into the Fourth Industrial Revolution (4IR) a new skillset is needed for both students and the workforce. In light of this, the Mohammed bin Rashid Innovation Fund (MBRIF) an initiative launched by ...

Bloomberg Former US Secretary of State Henry Kissinger said the incoming Biden administration should move quickly to restore lines of communication with China that frayed during the Trump years or risk a crisis that could escalate into military conflict. “Unless there is some basis for some cooperative action, the world will slide into a catastrophe comparable to World War I,” ...

Bloomberg Monitoring the safety of Covid-19 vaccines, especially those relying on novel technologies such as messenger RNA, will be one of the biggest challenges once shots are rolled out widely, according to Europe’s new drug agency chief. Positive results won’t “remove the need to monitor very carefully these new vaccines, particularly the first couple that seem to be coming through,” ...

Bloomberg Investors managing more than $9 trillion of assets have called on some of Europe’s biggest companies to include an assessment about the impact of climate change in their financial statements. DWS, Insight Investment and JPMorgan Asset Management are among 38 members of the Institutional Investors Group on Climate Change that wrote to 36 companies requesting they “properly reflect the ...

Bloomberg Apple Inc’s ad tracking is the target of two complaints to Spanish and German authorities by a privacy advocate whose earlier legal battles are forcing Facebook Inc to change the way it transfers data. Noyb, a group founded by privacy activist Max Schrems, is accusing Apple of unlawfully installing so-called identification for advertisers on its devices. The service helps ...