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Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, and Hewlett Packard Enterprise (HPE) signed a Memorandum of Understanding (MoU) at Global Manufacturing and Industrialisation Summit (GMIS) to collaborate in a series of mutually beneficial programmes dedicated to nurturing tech start-ups. Founders will benefit from direct access to HPE’s experts, mentorship and opportunities to further develop technologies in collaboration ...

Abu Dhabi / WAM Abu Dhabi Convention and Exhibition Bureau (ADCEB), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is set to fly the flag for the emirate’s MICE industry at IBTM World 2021 in Barcelona, Spain, which runs until December 2. The conference is expected to attract 15,000 professionals from more than 100 ...

Abu Dhabi / WAM Lt General Hamad Mohammed Thani Al Rumaithi, Chief of Staff of the UAE Armed Forces, stressed that Commemoration Day is meant to honour noble human principles, noting that the UAE’s martyrs sacrificed their lives for righteousness and helped needy people. In a statement to the “Nation Shield” magazine on Commemoration Day, he said, “The occasion is ...

Abu Dhabi / WAM The Abu Dhabi National Exhibition Centre (Adnec) will host the first edition of the ‘Auto Moto’ exhibition in October 2022, attracting major international companies specialising in manufacture of car and bicycle equipment. The event will also showcase the latest technologies in the sector. The hosting events comes as part of a strategic agreement between the event’s ...

Bloomberg Activist hedge fund Bluebell Capital Partners has asked Glencore Plc to separate its thermal coal business because it has become a barrier to investment. The hedge fund firm said that the commodities giant could realise more value for shareholders if it separates that business, simplifies its asset base, disposes of non-core asset Viterra, and tackles governance issues. Bluebell’s partners ...

Bloomberg President Vladimir Putin warned the West not to cross the Kremlin’s security “red line” as the US and the UK said any Russian incursion into Ukraine would trigger serious diplomatic and economic responses. Expansion of western military infrastructure into Ukraine would leave Moscow exposed to the risk of attack in as little as five minutes “if supersonic weapons are ...

Bloomberg UK consumers took on unsecured loans at the fastest pace since the aftermath of the first lockdown, adding to signs that people are becoming more willing to spend. Consumer credit rises 706 million pounds ($942 billion) in October, more than economists forecast the highest figure since July last year, Bank of England figures show. Borrowing on credit cards accounted ...

Bloomberg French inflation accelerated in November to the quickest pace in more than a decade as surging energy and manufactured goods prices offset a fall in fresh food costs. After Germany recorded a 6% surge in prices in the same period, the inflation data for the euro area’s second largest economy adds to concerns over the ECB’s insistence that the ...

Bloomberg Unfilled jobs surpassed one million in Canada, a sign that employers are having difficulty finding workers as they ramp up hiring. There were 1,014,600 job vacancies in September, Statistics Canada reported in Ottawa. That represents about 6% of all jobs, a vacancy rate that’s up from as low as 3% last December. Employers in high-contact industries like food services ...

Bloomberg The new coronavirus variant is set to test European economy’s recent ability to withstand fresh restrictions on activity. With the new strain from South Africa looming as a threat to public health, adding to the existing headache of rising infections that have already forced Austria and Slovakia to impose lockdowns, a pandemic that countries around the region had previously ...