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Sharjah / WAM A successful collaborative research study led by American University of Sharjah (AUS) has taken a significant step towards finding solutions to some of the problems facing fuel cell usage. Fuel cells, which are a clean, efficient and reliable source of power, have various applications and can be used to operate vehicles by producing electricity. Fuel cells run ...

Al Ain / WAM Zaki Anwar Nusseibeh, Cultural Advisor to the UAE President and Supreme President of UAE University (UAEU), received Professor Eric Xing, President of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), and his delegation. The meeting was also attended virtually by Dr Tayyeb Zanaty, Dean of the College of Information Technology (CIT) at UAEU. During the ...

Bloomberg State-run NTPC Ltd, India’s largest power generator, aims to take its renewables unit public to help fund a 2.5 trillion rupees ($34 billion) clean energy expansion, according to a company official with knowledge of the plans. The New Delhi-based producer wants to list its NTPC Renewable Energy Ltd unit in the next fiscal year, which begins in April 2022, ...

Bloomberg India’s Cars24 Services Pvt is in talks with Yuri Milner’s DST Global and other investors for a funding round that could double the used-vehicle site’s value to $2 billion, a person familiar with the discussions said. India’s biggest online marketplace for pre-owned cars is set to raise $200 million to $250 million from existing backers including DST, which may ...

Bloomberg A majority of urban Indians left unemployed by the coronavirus pandemic want the government to guarantee them jobs like it does for people in rural areas, says a study by the London School of Economics. An overwhelming 82% of respondents surveyed for the report ‘City of dreams no more, a year on: worklessness and active labour market policies in ...

Bloomberg The recent divergence between Asia’s investment-grade and riskier bonds is poised to continue, analysts say, as investors turn sour on Chinese developers. Yields for Asia’s high-yield dollar bonds rose 41 basis points in the second quarter, according to a Bloomberg Barclays index, versus a 5 basis-point decline for investment-grade debt. They’ve increased for six straight weeks, the longest stretch ...

Bloomberg Thailand won’t be able to meet its monthly vaccination target of 10 million doses as deliveries from AstraZeneca Plc, the backbone of its inoculation program, will be 40% to 50% fewer than expected because some supplies are allotted for export. AstraZeneca will deliver 5 million to 6 million doses per month for use in Thailand starting in July because ...

Bloomberg Some of the world’s biggest money managers say the strong rally in China’s renewable energy stocks has more legs, citing the sector’s rosy earnings prospects and policy support. BlackRock Inc, Aberdeen Standard Investments Ltd and UBS Global Wealth Management are among those backing investments in Chinese electric vehicle-related companies and solar firms. Their endorsement comes as the world’s largest ...

Bloomberg The pace of US hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening. Nonfarm payrolls jumped by 850,000 last month, bolstered by strong job gains in leisure and hospitality, a Labor Department report showed. The unemployment rate edged up to ...

Bloomberg Deutsche Telekom AG has kicked off the sale of its T-Mobile Netherlands BV subsidiary, which could be valued at around 4.5 billion euros ($5.3 billion), according to people familiar with the matter. The telecommunications operator is working with Morgan Stanley and has sent out information on the business to potential bidders. It has asked for first-round offers to be ...