Bloomberg The US Energy Department says the electricity system “faces imminent danger†from cyber-attacks, which are growing more frequent and sophisticated, but grid operators say they are already on top of the problem. In the department’s landmark Quadrennial Energy Review, it warned that a widespread power outage caused by a cyber-attack could undermine “critical defense infrastructure†as well as ...
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Abu Dhabi eyes 450,000 cruise ship visitors by 2020
Abu Dhabi / Emirates Business The cruise sector in Abu Dhabi is celebrating a year of achievement with record numbers of ship calls and passengers arriving in the emirate during the previous season and the successful launch of the Arabian Gulf’s only dedicated cruise beach stopover. During the season, which runs from October until June, Abu Dhabi received ...
Read More »UAE’s nuclear project enters next phase of construction
Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC) has announced a new phase in the construction of Units 3 and 4 at the Barakah Nuclear Energy Plant, with completion of these units now more than 50 percent complete. The recent progress significantly advances ENEC’s goal of delivering safe, clean, efficient and reliable nuclear energy to the ...
Read More »India sees economic slowdown even without cash ban effects
Bloomberg India forecasts its growth will slow to a three-year low even before the effects of Prime Minister Narendra Modi’s cash clampdown start to show. Gross domestic product will grow 7.1 percent in the year through March, the Statistics Ministry said in a statement. However, the numbers don’t consider data from November onward, when Modi shocked the nation by ...
Read More »43 killed as car bomb strikes Syria’s opposition -held town
BEIRUT / AP At least 43 people were killed when a car bomb ripped through the center of a busy commercial district of a rebel-held Syrian town along the Turkish border, damaging buildings and leaving rescue workers searching for survivors amid the wreckage, activists and rescue workers said. The explosion went off early Saturday afternoon outside a local court ...
Read More »95 percent of Emirati families in Sharjah have free home libraries
Sharjah / Emirates Business Knowledge without Borders (KwB), a Sharjah-based cultural initiative, recently announced that more than 95% of Emirati families in Sharjah have already received free home libraries as a result of their ‘Home Library’ project, which aims to provide 42,366 fully equipped personal libraries to Emirati families living in all areas of Sharjah. Rashid Al Kous, General ...
Read More »Sharjah World Music Festival draws big crowd
Sharjah / Emirates Business The Sharjah World Music Festival 2017 (SWMF 2017) got off to an electrifying start with Emirati superstar Hussain Al Jassmi and Egyptian pop queen Sherine Abdel Wahhab rocking the audiences with a selection of their greatest hits until the wee hours of Saturday morning at Al Majaz Amphitheatre. The event was attended by Sheikh Sultan ...
Read More »Samsung business sound despite Galaxy Note 7 fiasco
Bloomberg Samsung Electronics Co. underscored the resilience of its business when it reported its best operating profit in three years, weathering the death of its fire-prone Galaxy Note 7 with the help of its workmanlike chip and display divisions and cheaper smartphones. The world’s largest maker of mobile devices posted a 50 percent surge in quarterly operating profit after ...
Read More »China chipmaker mulls overseas buying spree to get mobile tech
Bloomberg Goodix, a supplier of mobile chips to Amazon.com Inc. and major Chinese smartphone makers, plans to begin shopping abroad for semiconductor and software developers to gain an edge in an increasingly competitive market. The company wants to become the world’s biggest supplier of fingerprint sensors, Chief Executive Officer David Zhang said in an interview at the Consumer Electronics ...
Read More »Americans see enduring wage gains as labour market tightens
Bloomberg After six straight years of annual job gains topping 2 million, America’s labour market is as tight as ever, and it’s entering the next phase: an enduring pickup in wages. Average hourly earnings jumped by 2.9 percent in the 12 months through December, the most since the last recession ended in June 2009, according to the Labor Department’s ...
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