News

Bloomberg Space Exploration Technologies Corp launched its second batch of 60 Starlink satellite, taking another step towards Elon Musk’s vision to create a network for space-based broadband internet service around the world. One of SpaceX’s Falcon 9 rockets rumbled aloft at 9:56 am on local time from Cape Canaveral Air Force Station in Florida on October 11. The satellites deployed ...

Bloomberg Travis Kalanick sold about 20% of his stake in Uber Technologies Inc. Kalanick, 43, a director at the ride-hailing company, sold 20.3 million shares worth about $547 million that were held in a trust, according to a regulatory filing. The trades came after a 180-day lockup period restricting insider and early investor sales following May’s initial public offering. They ...

Bloomberg Adidas AG plans to idle experimental “speed factories” in the US and Germany, redeploying techniques developed there to suppliers in Asia, where the vast majority of its products are already made. The decision is a setback for anyone who hoped that projects like the speed factories represented the dawn of a new era of manufacturing in Europe and North ...

ABU DHABI / WAM Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, announced on Monday that Abu Dhabi National Oil Company (Adnoc), and nine of the world’s largest energy traders are partnering with ICE on the launch of ICE Futures Abu Dhabi, a new exchange in Abu Dhabi Global ...

ABU DHABI / WAM Abu Dhabi Future Energy Company (Masdar), a global leader in renewable energy projects, sustainable real estate, sustainable mobility and waste to energy, announced its investment in financing ‘Hero Future Energies’ — a clean-tech company. This is the second investment in the Hero Future Energies (HFE), portfolio, following initial $125 million made by International Finance Corporation (IFC), ...

Bloomberg Oil retreated from a six-week high as ambiguous progress in US-China trade talks and worsening violence in Hong Kong damped sentiment across financial markets. Futures fell 1.2% in New York after President Donald Trump said that, while discussions with Beijing are moving along “nicely,” a deal hasn’t been reached and he won’t eliminate all tariffs. Meanwhile, Oman’s Oil Minister ...

ABU DHABI / WAM The Middle East region is witnessing a significant push towards downstream projects to improve refinery output and capacity, according to Paul Carthy, Managing Director, Accenture Energy Industry Group, Middle East and Turkey. Speaking to the Emirates News Agency (WAM), on the sidelines of the Abu Dhabi Petroleum Exhibition and Conference (Adipec), which opened on Monday, Carthy ...

ABU DHABI / WAM The value of humanitarian and relief programmes and development projects implemented by the Emirates Red Crescent (ERC), in Indonesia since 1993 amounts to over AED440.4 million. The ERC recently launched several new projects, in coordination with the UAE Embassy in Jakarta, as part of its development efforts in Indonesia, including the construction and maintenance of 42 ...

Abu Dhabi / WAM Louvre Abu Dhabi celebrates its second-year anniversary this month on the heels of several major achievements for the institution and the launch of new programmes, as well as a significant number of new artworks in the galleries. Since opening in 2017, Louvre Abu Dhabi has welcomed over two million visitors from around the world who have ...

Abu Dhabi / WAAM The largest-ever Abu Dhabi Petroleum Exhibition and Conference (Adipec), was opened on Monday, as a global platform for industry best-practice and innovation, setting the agenda for the future of the energy, oil and gas sector. Over four days, the event will welcome more than 150,000 attendees from 167 countries, including senior decision-makers and industry thought leaders. ...