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  Bloomberg The Port of Los Angeles, the US’s busiest, is preparing for the early arrival of 2022 peak season for cargo as retailers stock up on back-to-school and fast-fashion products despite high inventory levels, Executive Director Gene Seroka said. “The upstream orders coming from Asia — getting ready for an early arrival of peak-season goods — look strong; the ...

  Bloomberg Tesla Inc Chief Executive Officer (CEO) Elon Musk sent staff, investors and electric-car watchers on a three-day rollercoaster with conflicting messages about potential job cuts, underlining the sometimes erratic nature of his leadership and muddying the automaker’s outlook. Musk tweeted that Tesla’s total workforce would grow, even as the number of salaried workers remains broadly the same. That ...

  Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has signed an agreement with the United States’ Brooklyn Chamber of Commerce that will see the two entities work together on a number of beneficial initiatives to promote trade and support the international expansion of American businesses through ...

  ABU DHABI / WAM Edge group entity, Halcon, is marking its first appearance at the Middle East Coatings Show Dubai, and is set to exhibit an advanced range of turnkey manufacturing solutions. Halcon, a regional developer and producer of autonomous and unmanned systems in defence, aerospace and beyond, will be showcasing their Special Manufacturing Division. Equipped with the latest ...

Dubai / WAM Dubai Chambers has announced its participation in the Dubai Can sustainability initiative by launching a special campaign for its employees to reduce the use of single-use plastic water bottles at the organisation’s headquarters. The announcement was made during a staff gathering event hosted by the chamber. It was attended by Yousuf Lootah, Executive Director, Tourism Development & ...

  Bloomberg President Joe Biden’s plan to kick-start domestic solar-panel manufacturing depends for now on a federal fund with less than a half billion dollars that’s already being tapped to pay for products including military drones and baby formula. That funding—even if fully dedicated to solar production—would only be enough to open a few factories capable of cranking out a ...

  Bloomberg US and Chinese defense officials said they planned further talks after Defense Secretary Lloyd Austin and his counterpart sparred over Taiwan and other regional security issues for almost an hour. Both sides emerged from the first in-person encounter between Austin and Chinese Defense Minister Wei Fenghe in Singapore citing plans for additional discussions. A Chinese military spokesman described ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received on Thursday Prime Minister of Israel Naftali Bennett at Al Shati Palace. At the start of the meeting, His Highness Sheikh Mohamed bin Zayed welcomed Bennett who offered his condolences to him and the Emirati people on passing of Sheikh Khalifa bin Zayed Al Nahyan. He ...

  Dubai / WAM Tecom group, a member of the Dubai Holding group, on Thursday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). Tecom is the owner, manager and operator of 10 strategic, sector-focused business districts across Dubai and a major contributor to ...

  Dubai / WAM Dr. Tarifa A. Alzaabi, Acting Director General of the International Centre for Biosaline Agriculture (ICBA), said the UAE is prioritising food security in its development plans and aims to utilise the latest technologies to increase production and address related challenges. She then expressed her appreciation for the visit of President His Highness Sheikh Mohamed bin Zayed ...