DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has signed a Memorandum of Understanding with French mobility specialist MND, a leading company in the ropeways industry, as part of its efforts to achieve Dubai’s vision to have 25 percent of all trips to be self-driving by 2030. The parties commit to work together to study and implement Cabline system ...

Boris Johnson’s top Brexit official David Frost wasn’t picked to build bridges. Since being elevated to a cabinet position in February, the former whisky lobbyist and proud wearer of Union Jack socks has gleefully lobbed diplomatic grenades at the European Union, accusing Brussels of inflexibility over Northern Ireland even as red tape bites into trade and local political tempers flare. ...

I am practical, and probably boring, about cars. I have never owned one that makes people on street corners and outdoor cafes stare at me. But recently I was ogled in a vehicle that wasn’t particularly flashy or expensive. I think people were gawking because the car I was test-driving, an ElectraMeccanica Solo, is delightful, unusual and impossible to figure ...

As countries around the world attempt to reopen their borders, officials have come up with an ever-changing list of labyrinthine polices to allow travel. A range of entry restrictions have been deployed, from home quarantines for vaccinated adults to spending up to three weeks in government-authorized facilities, with multiple tests along the way. The best strategy isn’t yet clear, but ...

It’s pretty unusual for a central banker in a consequential economy to get outflanked by politicians. That is the risk confronting Federal Reserve Chair Jerome Powell when it comes to the pace of rising prices, with potentially significant implications for the American and global economies. The White House is shifting the way it talks about inflation, using plainer language that ...

Bloomberg Philippine President Rodrigo Duterte pushed for opening the economy to more foreign investments in his final address to Congress, where he also pledged pandemic support to help businesses bounce back and defended his much-criticised drug war. Duterte called on lawmakers to amend laws to ease restrictions on international retailers and professionals, as well as to allow foreigners greater ownership ...

Bloomberg India’s digital learning pioneer Byju’s is buying professional training and higher education platform Great Learning for $600 million, accelerating an acquisition spree to expand globally. The cash-and-stock purchase marks an entry to the higher education segment for Byju’s, the company said on Monday in a statement. The sellers of Singapore-based Great Learning will receive certain payments based on its ...

Bloomberg Sri Lanka plans to repay a $1 billion bond by the Tuesday deadline, keeping intact its reputation for honouring debt as concern mounts about the nation’s overseas financing. Authorities will transfer the required funds on Monday, Ajith Nivard Cabraal, the state minister for money and capital markets, said. Moody’s Investors Service placed Sri Lanka’s ratings under review for a ...

Bloomberg AstraZeneca Plc is planning to import Covid-19 vaccines to Southeast Asia as its only manufacturing facility in the region struggles to ramp up output to meet demand from countries hit hard by the delta variant. The Anglo-Swedish drugmaker is scouring more than 20 supply chains in its global manufacturing network to find additional vaccines for Southeast Asia, including Thailand, ...

Bloomberg A Tesla Inc factory to produce cars in India is “quite likely” if the electric automaker can first begin sales with imported vehicles, according to Elon Musk. The California-based car producer is currently lobbying for lower taxes on imports as it considers plans to expand into India, one of the world’s biggest emerging car markets, people with knowledge of ...