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DUBAI / WAM Emirates Global Aluminium (EGA) on Monday announced the launch of this year’s edition of the company’s Al Robot competition, which challenges university students to design and build industrial robots for use at EGA’s aluminium smelters. The Al Robot competition is now in its fourth year, and aims to support young people to develop real world skills in ...

Bloomberg Toshiba Corp said it won’t be able to meet demand for power-regulating chips for another year and, in certain cases, through the end of 2022, offering a fresh warning for makers of cars, consumer electronics and industrial machines struggling with component shortages. “The supply of chips will remain very tight until at least September next year,” said Takeshi Kamebuchi, ...

Bloomberg Grab Holdings Inc, set to go public in the US through a deal with a blank-check company, is launching an online supermarket in the Philippines as it tries to move beyond meal deliveries and ride-hailing to boost revenue. Consumers in Metro Manila area, with a population of more than 13 million, will be able to order vegetables, meat, seafood ...

Bloomberg Aibee, a Chinese artificial intelligence startup, is planning a funding round to raise about $100 million, according to people familiar with the matter. The Sequoia Capital China-backed firm could seek an initial public offering after the fundraising, however no final decision has been made, the people said, asking not to be identified as the information isn’t public. Details of ...

Bloomberg Indian e-commerce retailer Snapdeal Pvt is considering an initial public offering that could raise about $400 million, joining a growing list of startups preparing to tap capital markets as the nation’s digital economy booms. The company, which counts SoftBank Group Corp among its investors, is speaking with advisers about a potential listing in Mumbai that could value it at ...

Bloomberg Activity in India’s dominant services sector expanded for the first time in four months as pandemic restrictions were loosened, a survey showed. The Markit India Services PMI SA rose to 56.7 last month from 45.4 in July. The August reading is the highest since February 2020 for a sector that makes up more than half of India’s economy. A ...

Bloomberg More than 1 billion Asians are set to join the global middle class by 2030, according to a new study that predicts the pandemic will prove just a temporary pause in the world economy’s great demographic shift. The middle class — households where per-capita spending is between $11 and $110 a day — amounts to some 3.75 billion people ...

Bloomberg Lebanese investment firm M1 Group pledged to spend $330 million over the next three years to expand the Myanmar telecom business it’s buying from Norway’s Telenor ASA, bucking moves by many international investors to exit the Southeast Asian nation after the military seized power in February. The funds will be used for network expansion, broadband infrastructure and services, M1 ...

Bloomberg The green bond market is hotting up again with investors bracing for a potentially record month of sovereign sales. Spain, Colombia and the UK are due to offer their inaugural green bonds this month, with the latter expected to “certainly be the largest” in the world by Chancellor of the Exchequer Rishi Sunak. That’s in addition to established issuer ...

Bloomberg UK Prime Minister Boris Johnson’s plan to reform health and social care by handing 34 billion pounds ($47 billion) to the National Health Service (NHS) faces resistance from the Treasury, the Sunday Times has reported. Johnson’s cash boost is designed to kick-start a period of policy reforms, including a plan to cap the amount that people have to pay ...