Bloomberg Working women are playing a bigger role in Japan than Goldman Sachs’ Kathy Matsui thought possible when she penned her first report on “Womenomics†in 1999. Yet the country needs to pick up the pace of change or risk being overtaken by a demographic crisis. Two decades ago, Matsui struck an optimistic note amid general gloom over Japan in ...
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Apple legal surrender a blow for its supply chain strategy
Bloomberg Apple Inc.’s legal surrender is a blow for the company’s supply chain strategy, and one of the biggest tests of its push to cut reliance on providers of key components. The iPhone maker struck a deal with Qualcomm Inc. to halt all litigation and start using the chipmaker’s modems again, likely including important new 5G versions. That ended a ...
Read More »Brexit extension leaves UK manufacturers in limbo
Bloomberg The latest Brexit delay means more uncertainty, frozen investment and lost customers for UK manufacturers. That’s the verdict of Stephen Phipson, who represents 5,000 companies as chief executive officer of the MakeUK industry lobby group. Prime Minister Theresa May’s agreement with the European Union to postpone Brexit to October 31 from April 12 leaves companies in limbo, he said ...
Read More »Tesla’s first impact report puts hard number on CO2 emissions
Bloomberg Tesla Inc. released its first-ever environmental impact report, joining the 80 percent of S&P 500 companies who produce glossy-looking and sunny testaments to their own corporate sustainability record. There are pictures of smiling employees, solar panels in green fields, and data on the electric automaker’s performance on some environment and social metrics. The company put a total on its ...
Read More »Bomb attacks on Sri Lanka churches, hotels kill 207
Bloomberg Multiple explosions rocked Sri Lanka on Easter Sunday as attacks on churches and hotels left at least 207 dead including as many as 30 foreigners in the worst violence since a civil war ended a decade ago. The government imposed an island-wide curfew as security forces try to maintain law and order and investigate the attacks. Those responsible for ...
Read More »Role of AI to boost Dubai’s status as a future global city discussed
DUBAI / WAM Chaired by Omar Sultan Al Olama, Minister of State for Artificial Intelligence, the Dubai Future Council on Artificial Intelligence discussed at its first meeting plans and trends to strengthen Dubai’s position and leadership in future sectors and how the role of artificial intelligence will further enhance Dubai’s status as a future global city. One of 13 Councils ...
Read More »Reem Al Hashemy tours food distribution centres at Rohingya refugee camps
DHAKA / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, has got first-hand knowledge of the humanitarian conditions at the Rohingya refugee camps in Cox’s Bazar, during her meeting with UN officials in Bangladesh. The minister, along with her accompanying delegation, toured the camps’ food distribution centres where the World Food Programme (WFP) has scaled up ...
Read More »Sharjah invites Chinese investors to explore economic capacity
Sharjah / WAM The Sharjah FDI Office, Invest in Sharjah, in collaboration with the Chinese Business Council, organised the Sharjah–China “Belt & Road” Business Round Table at the Sharjah Chamber of Commerce and Industry. The Chinese delegation of 140 businesspersons was led by Lei JIN, Economic and Commercial Counsellor of the Consulate-General of the People’s Republic of China, and Shaoguo ...
Read More »UAE embassy in Italy opens Afghan hand-woven carpets exhibition
ROME / WAM The UAE Embassy in Italy opened the Afghan hand-woven carpets exhibition under the theme ”Empowering Afghan women for more shining future” at San Giovanni Battista dei Genovesi in central Rome. The exhibition is being held under the Fatima bint Mohamed bin Zayed Initiative (FBMI), which offers a unique and creative approach by employing Afghan women in the handmade ...
Read More »Trump’s push to make Cuba ‘surrender’ will fail: Negotiator
Bloomberg The Cuban negotiator who normalised relations with the US during the Obama administration said President Donald Trump’s push to dismantle the deal won’t dislodge the communist regime in Havana. Cuba endured almost 60 years of US aggression and can survive another bout of antagonism from Washington, Josefina Vidal, now Cuba’s ambassador to Canada, said in an interview. The latest ...
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