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Forum to guide UAE-based entrepreneurs in navigating future

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, on Saturday announced the agenda for its upcoming Dubai Technology Entrepreneur Campus (Dtec) Forum. Scheduled to take place virtually on Tuesday, August 18, 2020, the event will explore future opportunities for forward thinking technology start-ups in the ...

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Covid-19: UAE reports 57, 571 total recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) on Saturday said it carried out 77,640 additional Covid-19 tests in the country over the last 24 hours, using the latest testing methods. The ministry said in a statement that the intense testing drive uncovered 283 new cases of various nationalities, who are all in a stable condition and ...

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Wind, solar double share of power

Bloomberg Wind and solar energy doubled its share of the global power mix over the last five years, moving the world closer to a path that would limit the worst effects of global warming. The sources of renewable energy made up nearly 10% of power in most parts of the world in the first half of this year, according to ...

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Schneider, investors push to speed up US microgrids

Bloomberg Betting on growing demand to finance and support mini power plants, Schneider Electric SE said that it was partnering with investors to launch a new company focussed on microgrids for small and medium-sized US businesses. Investors led by Jeff Ubben’s new sustainable investment firm Inclusive Capital Partners and clean energy-focussed Huck Capital, will back the partnership. Having reliable, sustainable ...

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Shale drillers retreat on stagnant oil prices

Bloomberg Shale explorers parked more drilling rigs in the US this week as stagnant oil prices push the industry to extend a historic retrenchment. The number of active oil rigs in US fields fell by 4 to 172, according to Baker Hughes data. That’s the lowest level of activity since 2005, before the shale boom kicked off. The worst may ...

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President Trump orders TikTok’s Chinese parent to sell its US assets

Bloomberg President Donald Trump has ordered the Chinese owner of the popular music video app TikTok to sell its US assets, citing national security concerns and delivering the latest salvo in his standoff with Beijing. Trump’s decision came after an investigation by the Committee on Foreign Investment in the US, which reviews acquisitions of American businesses by overseas investors for ...

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UK bailout talks with JLR, Tata Steel end

Bloomberg The UK government’s bailout talks with Jaguar Land Rover (JLR) and Tata Steel Ltd. recently broke off, the Financial Times reported, citing people it didn’t identify. Talks between the UK’s Treasury and the companies, both owned by Mumbai-based Tata Group, came to a halt after the government concluded the Indian multinational was sufficiently financed and didn’t qualify for taxpayer ...

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Apple in-app fees hurt businesses, says Facebook

Bloomberg Facebook Inc joined a growing list of developers to publicly criticise Apple Inc over its revenue-sharing policy for in-app purchases, suggesting the iPhone maker’s fee structure is hurting small businesses during a global pandemic. The social network rolled out a paid events feature in 20 countries, offering businesses the ability to charge users for access to live video streams, ...

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