ABU DHABI / WAM Abu Dhabi Chamber of Commerce and Industry (ADCCI) has organised a business meeting with a joint delegation from Estonia, Latvia and Sweden. The meeting was attended by Saeed Ghumran Al Rumeithi, BoD Deputy Treasurer of ADCCI; Mohamed Helal Al Mheiri, Director General of ADCCI; as well as Jaan Reinhold, Ambassador of Estonia to the UAE; Atis ...

DUBAI / WAM DP World on Wednesday announced the launch of its new digital logistics platform, CARGOES Logistics. The platform provides customers with a single-window solution enabling seamless, safe, secure, and efficient movement of their cargo. With CARGOES Logistics, customers can choose from multimodal logistics options, ship freight by sea, road, and/or rail, get instant quotes, swift booking confirmation and ...

Bloomberg India plans to take more ambitious climate action by 2030, even as the nation pushes back against pressure to set a target for net-zero greenhouse gas emissions. The country has already mostly met a goal of having 40% of installed power capacity from non-fossil fuel sources, and has options to extend that action, Finance Minister Nirmala Sitharaman said in ...

Bloomberg UK Business Secretary Kwasi Kwarteng sought to damp speculation that taxes will have to rise in order to fund the government’s green goals a day after the Treasury said it would need to consider new sources of revenue to pay for the transition. “I don’t think that tax rises are inevitable,” Kwarteng said when asked on LBC radio what ...

Bloomberg China has started building a massive renewable energy project that’s bigger than all of the wind and solar power in India. Construction on the first phase, comprising 100 gigawatts of wind and solar, in the desert has started smoothly, President Xi Jinping said via video link at a United Nations Biodiversity Conference in Kunming. That’s more than the entire ...

Facebook Inc is planning to change its name to something related to the metaverse, a new digital network for communicating through augmented and virtual reality, according to a report in The Verge, which cites a source with direct knowledge. Over the weekend, the company also said that as part of its metaverse-building efforts, it would hire 10,000 high-skilled jobs in ...

If you turn Foxconn Technology Group’s latest product sideways, it looks remarkably like the smartphones the Taiwanese company makes for Apple Inc. Except the electric bus, a sleek, shiny vehicle with rounded corners and no mirrors, heralds the firm’s slow and deliberate journey away from that one famous client to which it’s become addicted. Separating the rise of Foxconn from ...

America’s shortage of labour, products and services — provoked by Covid-19’s disruption of the global economy — has a platinum lining in Los Angeles. Obscured by unprecedented supply-chain bottlenecks, California’s largest city and No. 2 in the US after New York, has no peers unloading, processing and transporting the nation’s imports from its two busiest ports. Being the supreme gateway ...

Ngozi Okonjo-Iweala is due to visit New Delhi this week and, to be honest, nobody in India knows why she’s coming. Trade experts elsewhere are aware that the World Trade Organization’s (WTO) new director-general has staked her credibility — and the organisation’s — on completing a long-delayed agreement to curb subsidies that have encouraged massive overfishing. As far as the ...

Bloomberg Britain will allow London Heathrow airport to lift its charges by as much as 56%, stoking a clash with airlines who warned that higher fares will stifle a recovery at Europe’s busiest airport. The announcement by the UK Civil Aviation Authority (CAA) sets up months of high-stakes lobbying before a final decision early next year. The hike could prove ...