Bloomberg General Motors Co affirmed plans to build electric pickups and SUVs at its Detroit-Hamtramck plant and scheduled the start of production for late next year. Output of electric Cruise Origin driverless vehicles will follow soon after the initial pickups roll off the line, GM said in a statement . The automaker committed to investing $2.2 billion in the factory ...
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Germany sees economy growing 1.1% this year
Bloomberg Germany’s government sees economic growth of 1.1% this year, up from a previous projection of 1%, according to a person with direct knowledge of the matter. Europe’s largest economy expanded 0.6% in 2019, its slowest growth in six years, amid global trade tensions that weighed on its export-heavy economy. The government’s first major assessment of the economic situation this ...
Read More »iPod inventor Tony Fadell backs battery startup
Bloomberg iPod pioneer Tony Fadell is backing a battery company that says it’s found a way to store more energy using silicon scrap waste. Fadell’s investment firm, Future Shape, is among the contributors to Advano’s $18.5 million Series A funding round. It’s Fadell’s first battery investment. Silicon could be key to building more powerful batteries. The anodes of most existing ...
Read More »ERC provides urgent aid to people affected by fire in Pakistan
ABU DHABI / WAM Upon the directives of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC) the ERC provided relief aid to those affected by a fire in the city of “Teen Hatti” in Karachi, Pakistan. Dr. Mohammed Ateeq Al Falahi, Secretary-General of the ERC, stressed that ...
Read More »Tadweer reduces waste in Abu Dhabi by 3.10%
ABU DHABI / WAM The Abu Dhabi Waste Management Centre, Tadweer, on Tuesday announced that it had collected 2,189,416.90 tonnes of waste in 2019, down from 2,259,508.64 tonnes in 2018, representing a decrease of 3.10 percent, attributed to its sustained efforts to minimise the volume of waste generated in the emirate to achieve its long-term sustainability objectives. This waste was ...
Read More »UAE, Kazakhstan to work on $11b joint projects: Tokayev
Abu Dhabi / WAM The UAE and Kazakhstan have maintained exemplary relations and cooperation in many respects, said President Kassym-Jomart Tokayev of Kazakhstan. President Tokayev made the remarks during a keynote speech at the UAE-Kazakhstan business meeting in Abu Dhabi, which was organised by the Abu Dhabi Chamber of Commerce and Industry, in collaboration with the Federation of UAE Chambers ...
Read More »Ras Al Khaimah’s first catholic school opens
RAS AL KHAIMAH / WAM Sheikh Ahmed bin Saqr Al Qasimi, Chairman of Ras Al Khaimah Economic Zone (Rakez) has officially inaugurated the new St. Mary’s Private High School in Ras Al Khaimah, the first catholic school in the emirate. After cutting the ceremonial ribbon, Sheikh Ahmed bin Saqr Al Qasimi said that Rakez Academic Zone is keen to attract ...
Read More »People of determination enjoy recreational trips: ZHO
ABU DHABI / WAM The Zayed Higher Organisation for People of Determination (ZHO) organised a series of recreational trips for the members of its care and rehabilitation centres in the Emirate of Abu Dhabi, as part of its rehabilitation programmes to enhance and develop the cognitive, social and behavioural skills of students, and allow them to develop and apply these ...
Read More »Apple supply chain braces for disruption from coronavirus
Bloomberg Apple Inc’s China-centric manufacturing base is at risk of disruption after the Lunar New Year holiday as the company’s partners confront the coronavirus outbreak that has gripped the country and caused more than 100 deaths. Virtually all of the world’s iPhones are made in China, primarily by Foxconn’s Hon Hai Precision Industry Co at its so-called iPhone City in ...
Read More »Trudeau’s pipeline project loses support, raising political risk
Bloomberg Canadian prime minister Justin Trudeau is losing support for a plan to expand the Trans Mountain oil pipeline, raising the stakes for his government as the project navigates continued legal challenges. About 37% of Canadians oppose the government-owned project, up from 31% in June, according to a poll published on Tuesday by the Angus Reid Institute. Backing for the ...
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