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Abu Dhabi set to reopen schools on February 14

ABU DHABI / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee, has approved the resumption of in-classroom education for all grades in Abu Dhabi schools from February 14, while keeping e-learning as an option until the end of the school year. In a statement the committee said it “has approved a preventive protocol specific to the schooling community, encompassing ...

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EU faces 100 billion euro price tag for bungled vaccine push

Bloomberg The European Union (EU) is facing a cost of tens of billions of euros for the slow and chaotic rollout of coronavirus vaccinations compared to countries such as the UK and US. Lockdowns mean the bloc’s economy is operating at about 95% of its pre-pandemic level, equating to about $14 billion a week of lost output, according to calculations ...

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US economy shows signs of recovery

Bloomberg The US economy is showing some scattered signs of picking up from an end-of-year slowdown, muddying President Joe Biden’s efforts to win congressional passage of a $1.9 trillion stimulus package. New claims filed for unemployment benefits have fallen for two straight weeks, while January payrolls are forecast to rebound from a December. Managers in charge of buying supplies for ...

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Tesla recalling 135,000 cars over defective touch screens

Bloomberg Tesla Inc. will recall about 135,000 Model S and X vehicles in the US after a months-long investigation by the nation’s auto-safety regulator concluded their touch screens are defective. Tesla equipped certain Model S sedans from 2012 to 2018 and Model X crossovers from 2016 to 2018 with Nvidia Corp. processors that are prone to wearing out, Tesla said ...

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UK seeks consultations on new post-Brexit subsidies system

Bloomberg The UK is launching a consultation on its post-Brexit subsidies system, which the government has hailed as a “significant milestone” in the country’s future outside the European Union (EU). The new UK-wide “subsidy control system” will replace the EU’s state aid regime, which was a major stumbling block in Brexit talks last year. Prime Minister Boris Johnson’s government believes ...

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Nestle in talks to sell US bottled water unit to One Rock

Bloomberg Nestle SA is in talks to sell its US bottled-water business to private equity firm One Rock Capital Partners, according to a person familiar with the matter. The deal could fetch more than $4 billion and be announced as soon as this month, the person said, asking not to be identified as the matter is private. Talks are ongoing ...

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Parts of Britain already hitting 2030 carbon targets: Report

Bloomberg Regions of the UK powered by a combination of nuclear and wind are already hitting 2030 climate targets, according to an industry report. Britain has pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations to put the UK at the vanguard of the fight against climate change. The prime minister’s goal to slash pollution ...

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UAE launches programme to draw world’s elite graduates to help shape its future

DUBAI / WAM The UAE Government has launched a programme to attract elite graduates from distinguished educational institutions in the UAE and the world, and involve them in creating innovative solutions for the UAE’s future. The “Moonshot 2071” Apprenticeship Programme, will seek to develop pioneering ideas for the UAE’s next 50 years, and design the future of governments. Organised by ...

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Abu Dhabi’s pension fund, Adnoc sign AED3.3bn real estate deal

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Tuesday that it has signed and completed a strategic real estate investment partnership with Abu Dhabi Pension Fund (ADPF). The transaction is ADPF’s third successive energy infrastructure and real estate asset partnership with Adnoc and marks ADPF’s largest single transaction with Adnoc to date. The ADPF partnership ...

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UAE, Israeli hospitals tie up to promote medical tourism

DUBAI / WAM Zulekha Hospital in the UAE and Israel-based Health Plus have signed a mutual agreement to cooperate in the field of medical tourism. The partnership hopes to further strengthen both healthcare systems by sharing medical expertise and best practices. In their statements, following the signing of this agreement, Senior Director Administration at Zulekha Hospital Dubai Dr Zia Ur ...

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