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India, China deadlocked over troops in key Himalayan area

Bloomberg Chinese and Indian military commanders are deadlocked over the best way to pull back troops from a strategic area in the Himalayas, people familiar with the discussions said, raising the prospect for another tense winter along the border. China insisted last week that India pull back thousands of reserve troops and weaponry it brought to the border last year, ...

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Dubai consumer confidence surges to 10-year high in Q3

DUBAI / WAM Consumer confidence in Dubai moved to its highest level in 10 years during the third quarter of 2021, the Consumer Confidence Index tracked by Dubai Economy showed. During the quarter the Index rose two points from the previous quarter and 21 points compared to the same quarter of 2020. The quarterly Consumer Confidence Index measures current and ...

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Adek to showcase 4 ICT-related projects at Gitex Global 2021

DUBAI / WAM Abu Dhabi Department of Education and Knowledge (Adek) will leverage this week’s Gitex Global 2021 — the industry’s largest interconnected technology platform — to spotlight four ICT-related projects and initiatives driving innovation and digital transformation across the Emirate’s education sector. “Participating at Gitex Global is an opportunity to showcase how Adek continue to harness cutting-edge technology to ...

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Expo 2020 to revive global event industry: Dietmar Schmitz

ABU DHABI / WAM Expo 2020 Dubai can serve as a role model for future global events in the new normal, to bring people from all over the world together again, according to Germany’s Commissioner General at the world’s greatest show. Speaking to the Emirates News Agency (WAM), Dietmar Schmitz said that hosting a global event during a worldwide pandemic ...

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Abu Dhabi’s Al Dahra opens five new plants for animal feed in Serbia, Romania, Bulgaria

ABU DHABI / WAM Al Dahra Holding, an Abu Dhabi-based international conglomerate that specialises in agribusiness, has announced the opening of 5 new plants that will compress and dry animal feed in Serbia, Romania and Bulgaria. The new openings come in line with the company’s continuous efforts to expand its operations internationally, thus diversifying its sources of production and supply ...

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Singapore promises power customer safeguards as retailers fold

Bloomberg Singapore is offering assistance to power retailers and promising safeguards for customers as skyrocketing prices strain its nascent open electricity market. At least two power providers have announced they will cease retail operations after wholesale prices surged to a record last week. The government is offering help in hedging against volatility for those who want to continue operations, the ...

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Asean excludes Myanmar junta leader from summit

Bloomberg Southeast Asian countries have agreed to exclude the Myanmar’s junta leader from a big ticket summit later this month, a rare and decisive move to hold the regime accountable for worsening civil strife in the country and refusing to engage with its political opponents. Myanmar, controlled by a military junta led by Min Aung Hlaing since a February coup, ...

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Biden backs economic plan with no 10-year guarantees

Bloomberg President Joe Biden said he’d like to see his economic plan address a “whole range of issues,” even if funding for individual provisions must be pared back or timed to expire to keep the legislation’s cost down. “The question is how much of what is important can we get in the legislation,” Biden told reporters in Connecticut, after earlier ...

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Musk joins VW executive event as ‘surprise guest’

Bloomberg Elon Musk made a surprise appearance at a Volkswagen AG conference, addressing 200 executives of one of his biggest competitors about the German company’s pivot to electric vehicles, his management style, and supply chain and production issues. In a rare move by a corporate titan addressing a competitor, Tesla Inc’s chief executive officer spoke in the video conference at ...

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