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Bloomberg The Mount Anak Krakatau volcano in Indonesia has shrunk to a third after a series of eruptions and a flank that collapsed triggered a tsunami a week ago that killed more than 400 people and injured several thousands. The height of the more than 90-year-old volcano has been reduced to about 110 metres from 338 metres after eruptions intensified ...

Bloomberg China’s alternative to the American-owned GPS extended its coverage beyond the Asia-Pacific region with a goal of becoming a dominating technology in the future, spurring gains in shares of related companies. The service, called Beidou, is now available in some parts of Europe and Africa within China’s Belt and Road initiative, spokesman Ran Chengqi told reporters in Beijing. The ...

Bloomberg The Trump administration is proposing that limits on mercury pollution from power plants are too co- stly to justify and no longer “appropriate and necessary,” a finding that could make it difficult to impose more stringent curbs in the future. For now, at least, the Environmental Protection Agency isn’t seeking to rescind the 2012 standards, responding to a clamour ...

Bloomberg Two years after the US Federal Trade Commission sued Qualcomm Inc, unleashing a series of existential challenges to the company’s business model, the chipmaker is about to get its chance to square the record. Lawyers for the regulatory agency and the company are set to begin presenting arguments on January 4 in a 10-day non-jury trial over claims that ...

Bloomberg Brazil’s top rental-car companies say a cultural shift towards sharing automobiles rather than owning them will bolster demand as growth quickens in Latin America’s largest economy. The three main providers of rental cars in Brazil have far outpaced the Ibovespa’s 11 percent advance in 2018. Cia de Locacao das Americas is up 85 percent, Localiza Rent a Car SA ...

GROZNY / WAM President Ramzan Kadyrov of the Chechen Republic received a delegation from Khalifa Fund for Enterprise Development (KFED), led by Hussain Jasim Al Nowais, Chairman of the Fund, and lauded the friendly relations and cooperation between the Chechen Republic and the UAE, and the success of these relations that support shared interests in various fields. “Zayed Fund for ...

AMMAN / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA), has chaired the 24th meeting of the Arab Spectrum Management Group (ASMG), which took place in the Jordanian capital Amman, with participation of 14 Arab countries. The meeting discussed a number of important topics related to preparation for the World Radiocommunication Conference (WRC), as well as other relevant ...

Abu Dhabi / WAM Masdar, the Abu Dhabi Future Energy Company, announced on Wednesday the installation of the first of 13 turbines at the 50 megawatt (MW) Dhofar Wind Farm. Located in the southern Omani governorate of Dhofar, the project is fully financed by Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid. The project ...

Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, and the Ras Al Khaimah Chamber of Commerce and Industry, has signed a Memorandum of Understanding (MoU) to support the local business community, particularly those from the trade and export sectors. The MoU was signed by Mohammed Hassan Al Sabab, Acting Director-General of RAK Chamber, and Massimo ...

Bloomberg North and South Korea staged a symbolic ground-breaking ceremony to upgrade severed rail links, although UN Security Council approval would be needed to advance the project. Long-stalled plans to restore rail links severed by the Korean War were revived in historic summits by North Korea leader Kim Jong-un and South Korean President Moon Jae-in earlier this year. While South ...