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Bloomberg The number of container ships headed for the busiest US port complex has risen to close to 100 under a new counting method, underscoring the magnitude of the economy-restraining logjam that the Biden administration is trying to help alleviate. The backup outside the adjacent ports of Los Angeles and Long Beach, California, involves 96 container carriers, up from 86 ...

Bloomberg Uber Technologies Inc and its London rivals will have to overhaul their business models in the city after losing a bid to challenge part of a landmark ruling which led its drivers to be re-classified as workers. UK judges ruled that the tech firm should enter into a direct contract with passengers when providing car journeys and therefore assume ...

ABU DHABI / WAM Despite all the challenges, 2021 has been a remarkable year for the UAE’s nuclear energy industry and the nation’s future as a whole. On the UAE’s fiftieth anniversary, the Emirates Nuclear Energy Corporation (Enec) reflected upon the key initiatives that the country has embarked upon to safeguard the next fifty years. Enec has achieved commercial operations ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has signed a new partnership with Sber, Russia’s largest commercial bank, providing services to more than 100 million customers and approximately 1 million enterprises and one of the largest digital ecosystem uniting over 60 companies in various industries. Technology companies, startups, ventures and investors in the UAE and Russia will ...

MORONI / WAM Saeed Mohammed Murshid Al Maqbali, UAE ambassador to the Comoros, has inaugurated the country’s embassy in the capital, Moroni, coinciding with the UAE’s Golden Jubilee. The inauguration ceremony was attended by Moustadroine Abdou, President of the Assembly of the Union of the Comoros; Anbar Darwish, First Lady of the Comoros; several ministers and senior officials, as well ...

DUBAI / WAM Enoc Group, the Official Integrated Energy Partner of Expo 2020 Dubai, announced its partnership with Nakheel to open 14 compact stations across Dubai. The first compact station out of the 14 stations opened at Dragon Mart 2 earlier this month. The compact stations will offer customers accessible and convenient refuelling services. Dragon Mart’s compact station is designed ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) launched the EV Green Charger User Dashboard to help customers better manage their EV Green Charger services. The dashboard enables customers to easily track their charging and consumption data through Dewa’s website or smart app. The dashboard provides customers with a complete record of bill payments, consumption information, charging transactions, ...

Bloomberg Even by the volatile standards of Chinese stocks, the swings in Didi Global were extraordinary. In the span of just a few hours, shares of the ride-hailing giant flipped from a 16% gain to a 12% loss, bounced back into positive territory, then turned lower yet again. And that was all before the opening bell in New York. By ...

Bloomberg Bain Capital and Baring Private Equity Asia are among firms considering bids to acquire an outsourcing business from their private equity rival Carlyle Group Inc, according to people familiar with the matter. A sale of VXI Global Solutions is entering the final stages and a buyer could emerge as early as in the coming weeks, the people said, asking ...

Bloomberg SoftBank Group Corp extended a six-day slump with another drop of as much as 9% in Tokyo as key companies in its portfolio delivered further bad news. Chinese ride-hailing giant Didi Global Inc began preparations to withdraw from US stock exchanges, shortly after the US Federal Trade Commission sued to block SoftBank’s sale of Arm Ltd to Nvidia Corp ...