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UAE launches ‘Learn AI Platform’ to enhance students’, youth’s awareness

DUBAI / WAM The National Program for Artificial Intelligence launched the “Learn AI Platform” to enhance students’ and youth’s awareness about the latest developments in the field of AI and its impact on the future. The platform introduces youth to the most prominent universities and academic institutions that provide courses in various specialisations under this critical discipline, in addition to ...

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Asia’s factories reflect new divide as Delta variant spreads

Bloomberg Manufacturing managers in Southeast Asia saw a slump in activity as the region grapples with one of the world’s worst Covid-19 outbreaks, while North Asia continued to see a pick up as the global economy recovers. In Southeast Asia, which has emerged as one of the world’s worst-hit pandemic areas in recent weeks, Indonesia’s IHS Markit manufacturing Purchasing Managers ...

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Thailand expands quasi-lockdown to cover 40% of population

Bloomberg Thailand is set to expand its quasi-lockdown measures to its regions that are hardest-hit by the coronavirus pandemic and home to about 40% of the population. The most stringent restrictions in 13 provinces, including the capital Bangkok and its surrounding regions, will be extended to August 31, and those curbs will be expanded to 16 additional provinces from Tuesday, ...

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North Korea threatens week-old detente over US-led exercises

Bloomberg Kim Jong Un’s sister warned that upcoming US-South Korea military drills could jeopardise talks with Seoul, raising doubts about a diplomatic breakthrough less than a week after both sides announced a resumption of communications. Kim Yo Jong said the plan to hold annual allied exercises this month “seriously undermines” efforts to restore ties, according to the official Korean Central ...

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Nonfungible tokens get popular thanks to Shopify’s latest move

Bloomberg Nonfungible tokens have shot to popularity in the past year. Shopify Inc’s move to facilitate sales might bring them even further into the mainstream. NFTs have become popular in industries from sports memorabilia to fashion and art, where their ability to provide authentication and uniqueness is prized. Last week, Shopify started allowing merchants on its platform to sell NFTs ...

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Gold can top $3,000 amid recovery, says Quadriga Fund

Bloomberg Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year. Diego Parrilla, who manages the $250 million Quadriga Igneo fund, said there isn’t widespread awareness of the long-term damage that’s been caused by ultra-loose ...

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Germany to offer Covid shots to youngsters as vaccinations slow

Bloomberg Germany is poised to widen Covid-19 vaccinations to include all 12-17 year-olds, stepping up efforts to spur its flagging inoculation drive. The move was set to be agreed on Monday goes beyond advice published by the government’s independent vaccine commission. The authority, known as STIKO, recommends inoculating those in that age group who have pre-existing conditions that put them ...

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Ferrari delivers solid earnings before new CEO arrival

Bloomberg Ferrari NV largely met expectations with its last set of earnings before the supercar maker installs a new chief executive from outside the auto industry as it goes through a period of dramatic upheaval. Adjusted earnings before interest, taxes, depreciation and amortisation rose to 386 million euros ($459 million) during the second quarter, Ferrari said, compared with an average ...

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Strategic growth of Adnoc L&S enabler of UAE energy industry

ABU DHABI / WAM Adnoc Logistics and Services (Adnoc L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and Adnoc’s goal to maximise value from every barrel of oil it produces, processes, ships and ...

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Sheikh Mohammed issues decisions on MBRSC, MBRCH

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decision No (26) of 2021 on the Board of Directors of the Mohammed Bin Rashid Space Centre (MBRSC) and Decision No. (27) of 2021 on the Board of Trustees of the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity ...

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