Bloomberg Wall Street’s dealmaking boom came to an abrupt halt amid the war in Ukraine and a global shift towards rising interest rates, leaving big banks set to post a quarterly slump in investment banking revenue. The record merger-and-acquisition pipelines bank executives touted at the start of 2022 are still on the horizon, but have been put on the ...

Bloomberg Facebook’s interest in podcasts is fading, barely a year after it began. Last April, during a hot market for audio, Facebook launched Live Audio Rooms, short-form stories called Soundbites and podcasts for US users. The company signed deals with creators and sponsored one of the industry’s biggest US conferences: Podcast Movement. Facebook product managers even appeared on the long-time ...

  Bloomberg When Toshihiro Mibe took over as Honda Motor Co.’s chief executive officer last year, he did so with a bang, promising to achieve carbon neutrality by 2050 and phase out gasoline-powered car sales by 2040, becoming Japan’s first automaker to say as much. Now, he’s backing that with numbers. Honda will spend 5 trillion yen ($40 billion) on ...

  Bloomberg As the top-selling model line in the US for 40 years, Ford Motor Co’s F-Series pickups hold special weight in the auto ecosystem. The lineup, led by the F-150, generates more than $40 billion in annual revenue. Only one other US product—Apple Inc.’s iPhone—tops F-Series sales. Given this, Ford’s decision to electrify the F-150 stands as one of ...

  Bloomberg Apple Inc is paying a small number of engineers another round of special stock bonuses as part of an unusual push to retain key talent, according to people with knowledge of the matter. The iPhone maker doled out the bonuses in recent days to a select group of employees in its software and hardware engineering departments, said the ...

  Abu Dhabi / WAM AD Ports Group on Friday announced that its feeder service, Safeen Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Limited, a listed firm in Bangladesh that is active in ports, logistics, civil engineering, and power sectors. Under the terms of the agreement, the two companies will work closely together to ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) highlighted its most important achievements during 2021 in its annual report, which was issued in digital format for the third consecutive year. The report focused on EAD’s efforts in achieving its strategic vision to ensure a sustainable future for all by preserving biodiversity, mitigating the effects of climate change, ...

  MANAMA / WAM Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation (Enec), has highlighted the Barakah Nuclear Energy Plant’s contributions to large-scale decarbonisation with an exciting vision for the continued clean energy transition in the UAE. This came during his talk on the Titans of Nuclear podcast that features interviews with ...

  ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport of Abu Dhabi has announced a new digital parking fees payment option through the smartphone app “Darb”. The app allows motorists to use the available balance in their Darb e-wallet to pay parking fees, simplifying procedures and saving time and effort by offering ...

  Abu Dhabi / WAM The Ministry of Economy (MoE) has received the request to register the Investopia Summit trademark internationally, in line with the country’s accession to the Madrid Protocol for International Trademark Registration. Once the procedure is complete, the registration with World Intellectual Property Organisation (WIPO) will protect the summit’s trademark in more than 125 countries that are ...