Bloomberg The Irish border issue isn’t the only Brexit-induced headache the island is facing. How to keep the lights on in the long term is also far from resolved. Weeks before the UK is due to leave the European Union, questions remain over trading agreements and Ireland’s 12-year-old single electricity market, known as the SEM. While nobody thinks there will ...
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UK’s favourite pizza set to survive debt restructuring
Bloomberg Twitter users following the #savepizzaexpress hashtag will probably get what they want, at least in part. Creditors to troubled casual-dining group PizzaExpress Ltd, which has around $1.4 billion of debts, expect to see much of their money returned and the brand survive, according to analyst Helen Rodriguez at CreditSights in London. “There’s a brand and a business for PizzaExpress, ...
Read More »NYC cabbies say ‘no-cost’ bailout would avoid financial ruin
Bloomberg Bill de Blasio campaigned for New York mayor — and for president — vowing to help low-income workers and the least fortunate. But financially desperate taxi drivers, devastated by competition from Uber Technologies and similar companies, say he has abandoned them. The 22,000-member Taxi Workers Alliance says it has a plan at almost no net expense to the city: ...
Read More »UAE’s first astronaut returns home
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Saturday welcomed Hazza Al Mansoori, the UAE’s first astronaut, as he returned to the UAE after eight days in space. Al Mansoori, accompanied by backup astronaut, Sultan Al Neyadi, landed at the Presidential Terminal ...
Read More »UAE-Saudi Coordination Council follows up progress of joint initiatives
Dubai / WAM The Executive Committee of the UAE – Saudi Co-ordination Council has convened to further enhance collaboration between the two sides under the co-chairmanship of Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future, and Saudi Arabia’s Mohammad Bin Mazyad Al Tuwaijri, Minister of Economy and Planning. The meeting occasioned a follow-up of a number ...
Read More »Dubai to host 2019 First Global DXB Challenge robotics event
DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of Dubai Future Foundation, said that Dubai continues to cement its position as a global hub for young talent and creative minds, with its determination to employ technology across various ...
Read More »UAE, Belize ink deal on economic cooperation
ABU DHABI / WAM The UAE and Belize recently signed an economic cooperation agreement to develop, enhance, and expand their cooperation on areas of mutual interests. The agreement was inked by Sultan bin Saeed Al Mansouri, Minister of Economy, and Erwin Contreras, Belize’s Minister of Economic Development, Petroleum, Investment, Trade, and Commerce. The agreement covers various major sectors, including trade ...
Read More »US sends more forces to Mideast while Trump vows withdrawal
Bloomberg The Pentagon said it’s ramping up the deployment of US forces to the Middle East to “assure and enhance the defense of Saudi Arabia†against Iran at the same time President Donald Trump has vowed to start bringing troops home from the region. Combined with other recent deployments, about 3,000 personnel are being sent or having their missions extended ...
Read More »Apple pulls app that tracks police activity in Hong Kong
Bloomberg Apple Inc has pulled the plug on an app that shows police activity in Hong Kong, reversing course yet again as violent pro-democracy protests wrack the city. The US company said it’s now decided to remove HKmap.live from its App Store after consulting with local authorities, because it could endanger law enforcement and city residents. That marks a return ...
Read More »â€˜Shoppers prefer malls over mobile in Philippines’
Bloomberg Holiday shoppers in the Philippines — which has some of Asia’s biggest malls — prefer to buy products in stores over mobile shopping, according to a study commissioned by Facebook Inc. Almost four in 10 Filipinos said in-store shopping is their first choice for the holidays, according to a study conducted by Ipsos Marketing and released by Facebook last ...
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