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Abu Dhabi / WAM Nawah Energy Company, the Joint Venture nuclear operations and maintenance subsidiary and Korea Electric Power Corporation (KEPCO) announced on Wednesday that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 80 percent of the Unit 1 reactor’s rated capacity power. The milestone is an important step in the ongoing Power Ascension Testing ...

DUBAI / WAM Upon the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to ensure government integration and interoperability towards architecting the country’s future and charting its comprehensive development plan for the next fifty years, the UAE government have held consultation meetings that focussed on the future of health and ...

Bloomberg The US Securities and Exchange Commission (SEC) is pushing ahead with a plan that threatens to kick Chinese companies off US stock exchanges, setting up a late clash between Washington and Beijing as the Trump administration winds down. By the end of this year, the SEC intends to propose a regulation that would lead to the delisting of companies ...

Bloomberg India’s macroeconomic troubles are attracting a new wave of global investors betting they can eke out profits from the rising number of capital-starved businesses struggling to stay afloat. Some global heavyweights like Apollo Global Management Inc and Oaktree Capital Group have either struck recent India deals or scaled up their teams in the country in a push to invest ...

Bloomberg President Donald Trump’s lawyer Rudy Giuliani described at length to a federal judge in Pennsylvania a vast but vague Democratic conspiracy to steal the election that justified the invalidation of hundreds of thousands of votes — enough to flip the state from President-elect Joe Biden to Trump. But US District Judge Matthew Brann cut straight to the heart of ...

Bloomberg UK companies are turning to cheaper overseas labour to complete their post-Brexit customs paperwork, creating jobs in countries such as Romania and India due to a shortage of trained staff in Britain. Anticipating a surge in demand for its services, Xpediator Plc, which handles freight flows for international companies, has been hiring workers in Romania. Dave Gladen, the firm’s ...

Bloomberg Pfizer Inc is on the hunt for partnerships with Chinese biotech firms developing novel drugs, as the American pharmaceutical giant regroups after Beijing’s aggressive price-cutting campaign eroded profit margins in its mainstay blockbusters. The company is embarking on a strategic shift to maintain growth in the world’s second-largest drug market after China slashed prices for off-patent medicines by more ...

Bloomberg United Nations humanitarian relief agency Unicef is looking to recruit some of the airline industry’s biggest operators to help distribute a coronavirus vaccine to the world’s poorest nations. Unicef held a call with about 40 carriers to make plans for the global airlift and to identify what commercial tasks each party can perform, according to Glyn Hughes, head of ...

Bloomberg AP Moller-Maersk A/S has launched a $1.6 billion share buyback program, as the world’s biggest container shipping company says the Covid crisis has so far dented its business less than feared. Copenhagen-based Maersk, which raised its guidance for a second time since October, reported a 39% increase in Ebitda to $2.3 billion in the third quarter. Profit by that ...

ABU DHABI / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc) has highlighted investment and partnership opportunities in the UAE during a panel session at the Bloomberg New Economy Forum. Speaking during the virtual session titled ‘The Rise of Regional Champions: The Search for ...