Bloomberg Volkswagen AG is sticking to a plan to list its iconic Porsche sports-car maker later this year as Europe’s biggest carmaker looks to finance a costly shift toward electric vehicles. VW is going ahead with the initial public offering in the fourth quarter because the unit has proven resilient over the years to market disruptions including the recent ...

  Bloomberg General Motors Co’s Cruise LLC plans to expand its robotaxi business to all of San Francisco this year and move into other cities beginning in 2023, a growth push that comes on the heels of its first self-driving vehicle rides to carry paying customers. The company started charging fares for rides covering one-third of the city between 10 ...

Bloomberg Oil jumped after a reading on US consumer inflation expectations was revised lower, adding optimism to crude’s demand outlook. West Texas Intermediate traded above $108 a barrel, erasing much of this week’s loss. Friday’s rally comes as the University of Michigan’s final June reading of longer-term consumer inflation expectations settled back from an initially reported 14-year high, potentially reducing ...

  SUVA / FIJI / WAM Several Fijian government officials lauded the humanitarian projects carried out by the Emirates Red Crescent (ERC), including the establishment of three technology colleges in areas affected by Cyclone Winston. The colleges were recently inaugurated by an ERC delegation led by Hamoud Al Junaibi, ERC Secretary-General, Frank Bainimarama, Prime Minister of Fiji, and several government ...

Abu Dhabi / Gulf Time Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Friday announced that the company is to develop a project to manufacture silicon metal in the UAE, securing supplies of a key raw material for ‘premium aluminium’ and unlocking potential new industries in the UAE in line ...

Abu Dhabi / WAM This week, Adnoc shared the range of opportunities made available by their planned expansion of Abu Dhabi’s petrochemicals industry with manufacturers and investors at the “Make it In the Emirates” forum, held in Abu Dhabi. Adnoc has long been an engine for and champion of industrial growth in the UAE and its new chemicals joint venture ...

  Abu Dhabi / WAM Masdar City, a world-class technology and innovation hub and a pioneering sustainable community in Abu Dhabi, along with its consulting partners Woods Bagot and Faithful+Gould, has advanced its contribution to the UAE Net-Zero by 2050 Strategy with the groundbreaking ceremony of its latest development – the Masdar City Square (MC2). The MC2 development covers an ...

  SUVA / FIJI / WAM Several Fijian government officials lauded the humanitarian projects carried out by the Emirates Red Crescent (ERC), including the establishment of three technology colleges in areas affected by Cyclone Winston. The colleges were recently inaugurated by an ERC delegation led by Hamoud Al Junaibi, ERC Secretary-General, Frank Bainimarama, Prime Minister of Fiji, and several government ...

  Abu Dhabi / WAM The Ministry of Health and Prevention, MoHAP, announced that it conducted 312,752 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

  Abu Dhabi / Gulf Time Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Friday announced that the company is to develop a project to manufacture silicon metal in the UAE, securing supplies of a key raw material for ‘premium aluminium’ and unlocking potential new industries in the UAE in ...