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Bloomberg European companies are pushing up prices as supply disruptions lift costs and hamper their ability to match surging demand, according to executives gathered for a conference this weekend in southern France. The bosses of industrial firms, including tire company Michelin and construction materials producer Saint-Gobain, say they’re facing scarce supplies, transport bottlenecks and staff shortages in the wake of ...

Abu Dhabi / WAM Miral in collaboration with Warner Bros. Themed Entertainment on Sunday announced that The WB Abu Dhabi hotel is on track to open in 2021. With a design and concept inspired by the world-famous Warner Bros. brand, the hotel, developed with a total investment of $112 million, will complement the company’s commitment to diversifying Yas Island’s offerings ...

Sharjah / WAM A successful collaborative research study led by American University of Sharjah (AUS) has taken a significant step towards finding solutions to some of the problems facing fuel cell usage. Fuel cells, which are a clean, efficient and reliable source of power, have various applications and can be used to operate vehicles by producing electricity. Fuel cells run ...

Al Ain / WAM Zaki Anwar Nusseibeh, Cultural Advisor to the UAE President and Supreme President of UAE University (UAEU), received Professor Eric Xing, President of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), and his delegation. The meeting was also attended virtually by Dr Tayyeb Zanaty, Dean of the College of Information Technology (CIT) at UAEU. During the ...

Bloomberg State-run NTPC Ltd, India’s largest power generator, aims to take its renewables unit public to help fund a 2.5 trillion rupees ($34 billion) clean energy expansion, according to a company official with knowledge of the plans. The New Delhi-based producer wants to list its NTPC Renewable Energy Ltd unit in the next fiscal year, which begins in April 2022, ...

Bloomberg Some of the world’s biggest money managers say the strong rally in China’s renewable energy stocks has more legs, citing the sector’s rosy earnings prospects and policy support. BlackRock Inc, Aberdeen Standard Investments Ltd and UBS Global Wealth Management are among those backing investments in Chinese electric vehicle-related companies and solar firms. Their endorsement comes as the world’s largest ...

Bloomberg Leading European diplomats in Beijing stressed their commitment to human rights and appealed to China for mutual respect and understanding following a defiant speech from Foreign Minister Wang Yi. References to human rights are “foundational matters” and not a geopolitical game, Caroline Wilson, the UK’s ambassador to China, said on a panel discussion on Sunday. China’s attitude is not ...

Bloomberg The pace of US hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening. Nonfarm payrolls jumped by 850,000 last month, bolstered by strong job gains in leisure and hospitality, a Labor Department report showed. The unemployment rate edged up to ...

Bloomberg Deutsche Telekom AG has kicked off the sale of its T-Mobile Netherlands BV subsidiary, which could be valued at around 4.5 billion euros ($5.3 billion), according to people familiar with the matter. The telecommunications operator is working with Morgan Stanley and has sent out information on the business to potential bidders. It has asked for first-round offers to be ...

Bloomberg London moved back ahead of Amsterdam as Europe’s largest share trading center in June, reclaiming the top spot for the first time this year after Brexit pushed much of the city’s volumes to the continent. An average 8.92 billion euros ($10.6 billion) of shares a day were traded on various London venues in June, compared with 8.8 billion euros ...