ABU DHABI / WAM The UAE has expressed its sincere condolences and solidarity with the Republic of Cuba over the victims of the oil tankers fire caused by a lightning strike at Matanzas, west of Cuba, which resulted in dozens of deaths and injuries. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed its sincere ...
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RTA: 75% of Sheikh Rashid bin Saeed Corridor Project complete
Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has announced that the Sheikh Rashid bin Saeed Corridor Improvement Project is now 75 percent complete. The project extends 8 kilometres (km) along Ras Al Khor Road from the intersection of Dubai – Al Ain Road to the intersection of Sheikh Mohammed bin Zayed Road. Works include constructing bridges extending ...
Read More »China’s backlash shows neighbourhood who it is
When someone shows you who they are, believe them. China’s Asian neighbours are getting a lesson in the advice from the late US author and civil rights activist, Maya Angelou, with Beijing firing missiles over Taiwan and landing five in Japan’s exclusive economic zone — something even North Korea tends to shy away from. Japan, of course, has little power ...
Read More »Monkeypox now a health emergency in US
As monkeypox cases in the US climbed to more than 7,100, Health and Human Services Secretary Xavier Becerra declared the outbreak a public health emergency. It’s long past time. The formality came almost two weeks after the World Health Organization had officially deemed it an emergency — and days after individual states, including California, Illinois, and New York, had made ...
Read More »Unemployment heads in wrong direction for Fed
The tight labor market probably didn’t get the US into this inflationary mess, but it is part of the reason that it’s going to be so hard to get out of it. A report showed nonfarm payrolls jumped 528,000 in July, bringing the unemployment rate to just 3.5%, matching the lowest level since 1969. Where the household and establishment ...
Read More »A Joe Biden surprise: Bipartisan foreign policy
It’s time to give President Joe Biden credit for achieving something no one predicted: bipartisanship in foreign policy. The Senate delivered a victory for Biden’s foreign policy agenda, voting almost unanimously to admit Finland and Sweden into the North Atlantic Treaty Organization. Previously, Biden was able to get the Ukraine aid he has asked for. That Senate vote in ...
Read More »Amazon acquires Roomba maker IRobot for $1.65bn
Bloomberg Amazon.com Inc said it would buy IRobot Corp, maker of the Roomba vacuum, for $1.65 billion as the e-commerce giant continues its push into internet-connected home devices and robotics. Amazon will pay $61 a share in cash for the Bedford, Massachusetts-based company, according to a statement. The offer, valued at $1.7 billion including debt, represents a premium of 22% ...
Read More »Flight disruptions swell as storms hit US airports
Bloomberg Airlines cancelled more than 1,260 US flights as thunderstorms stretched from the Ohio Valley to the mid-Atlantic, with threats of flash flooding in some areas by evening. About 5,390 flights were delayed. The New York and Washington areas were among the most affected by the service disruptions. The Federal Aviation Administration (FAA) blocked departing flights headed for New York’s ...
Read More »EBay beats estimates on sales, earnings forecast in Q2 2022
Bloomberg EBay Inc reported second-quarter revenue that beat expectations and an upbeat profit outlook, evidence that a new focus on luxury items and collectibles is helping offset slowing sales and customer traffic. The shares rose about 5% in extended trading. Sales will be $2.29 billion to $2.37 billion in the period ending in September, the San Jose, California-based company said ...
Read More »Next raises profit outlook as hot spell spurs fashion buying
Bloomberg Next Plc raised its profit forecast as the hotter weather and return to formal events encouraged more Brits to buy summer clothing but warned that worsening inflation could hit consumer sentiment. The British clothing and housewares chain said profit will be £860 million ($1.04 billion) this year through January, up from previous guidance of £850 million, according to ...
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