Abu Dhabi / Emirates Business Attended by His Excellency Eng. Suhail Al Mazrouei, UAE Minister of Energy and Chair of the UAE National Committee, His Excellency Dr Matar Al Neyadi, the Undersecretary of the Ministry of Energy and the Chair of the Organizing Committee signed on Sunday the Project Management Office (PMO) contract with Energy Events Experts (E3) to ...
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RTA extends trial run of smart vehicle in Business Bay
Dubai /Â WAM The Roads and Transport Authority (RTA) in collaboration with Dubai Properties, has extended the trial run of the autonomous vehicle in the Business Bay until February 22. The decision has been taken in response to the encouraging number of users of the vehicle, which is 1,500 persons, the authority announced on Sunday. The 10-seater vehicle has been ...
Read More »Global criticism of Trump ban builds from Germany to Google
Bloomberg Global opposition to US President Donald Trump intensified on Sunday as world leaders condemned the move to temporarily limit immigration from what are predominantly Muslim countries, while Germany pledged to play a bigger role on the international stage. World leaders including UK Prime Minister Theresa May, Canadian Prime Minister Justin Trudeau and German Chancellor Angela Merkel criticized Trump ...
Read More »Analysts see massive pile of debt in Verizon-Charter deal
Bloomberg Verizon Communications Inc. is said to have given thought to buying Charter Communications Inc., a deal that would create the biggest US wireless and internet provider. But many in the finance world are focused on another superlative a Charter tie-up could lead to: the world’s biggest corporate debtor. And that’s causing some credit analysts to wonder how Verizon ...
Read More »Digital transformation can boost UAE GDP by AED51.4bn in 3 years
Dubai / Emirates Business Today we live in a world where we can complete our most routine, yet often time consuming tasks, be it doing the laundry, booking transportation, scheduling a delivery, or merely ordering food, with the touch of a button. And in a market where there is a distinct appreciation for convenience, this is proving to be ...
Read More »Germany’s pride shifting to frustration as inflation rises
Bloomberg Germany is cursed by its own economic strength. For eight years, the nation of 83 million people has been the euro area’s growth driver. Now it’s at the forefront of the currency bloc’s reflation, with price increases potentially exceeding 2 percent, and dissatisfaction with the European Central Bank has morphed into outrage. Critics and media are slamming the ...
Read More »Musk’s surprising rapport with Trump yields 40% rally for Tesla
Bloomberg It’s a good time to be Elon Musk. Shares of the billionaire’s Tesla Motors Inc. have surged 40 percent since December 1, putting the stock within reach of a 52-week high. The acquisition of SolarCity is complete. Musk’s sprawling Gigafactory is now producing battery cells. And the clean-energy evangelist has the ear of a surprising fellow in Washington: ...
Read More »Trump, Putin use first formal phone call to seek better ties
Bloomberg President Donald Trump and Russian President Vladimir Putin pledged cooperation in fighting the IS, the two sides said, as they seek to ease tension after Russia’s invasion of Ukraine, its support for Syria, and allegations that Russian hackers sought to sway the US election. “The positive call was a significant start to improving the relationship between the United ...
Read More »Feb budget ‘critical’ for India amid cash ban
Bloomberg Three months into a cash ban that has sucked out momentum from one of the world’s fastest-growing economies, Prime Minister Narendra Modi has little room to boost spending. While economists urge more investment in roads, ports and railways when the government presents its budget February 1, and maybe even direct cash transfers to boost consumption, a splurge carries ...
Read More »Demand for tires in China makes gloves dear
Bloomberg Consumers across the globe donning gloves to do the dishes may soon feel the heat from rubber being burned on China’s roads. Surging car sales in China in the last few months have more than doubled the price of a little-known chemical called butadiene. The colorless gas, used for making synthetic rubber, has soared in tandem with rising ...
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