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Mawaqif fees to resume in Abu Dhabi from July 1

Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that public parking fees will be resumed starting from Wednesday, July 1 at 8 am. That is after the 3-month suspension of the fees in support of the society during this challenging period. ITC is offering m-Mawaqif service for the ...

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Abu Dhabi gears up for a new era of global tourism

ABU DHABI / Emirates Business Abu Dhabi announces the launch of its strategy for the tourism sector, which has been created in anticipation for the return of tourists worldwide. The capital has been gradually easing stay-at-home measures after its proven success in curbing the spread of Covid-19. Hotels within the emirate have been undergoing rigorous sanitation from the beginning of ...

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Failed US plutonium project ends in fire sale

Bloomberg Need some parts for a nuclear plant? The government has a few to spare. Electrical transformers, motors, and pieces of special glove boxes designed to safely handle radioactive material are available as the government auctions off equipment from a now-abandoned nuclear project that was supposed to turn weapons-grade plutonium into fuel for commercial nuclear reactors. The online fire sale ...

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Articles of confederation, US’s critical period redux!

The Supreme Court justices might be bemused, or depressed, by this question they implicitly will consider in Thursday’s conference: Should they review — the answer is yes — a decision by a lower court that evidently skipped history class the day the teacher explained that a huge defect of the Articles of Confederation was the states’ powers to impede the ...

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Effectiveness of wearing a mask

Science has a lot to say about the effectiveness of wearing a mask to stop the spread of the coronavirus, but the communication of that science has been corrupted by a combination of partisan divides, sensationalist media stories, distrust, false dichotomies, and letting the perfect be the enemy of the good. The studies on masks aren’t perfectly definitive, but that’s ...

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The future of work in America is inside office

Ever since the coronavirus sent millions of people home to work, people have been predicting that remote work will endure after the pandemic is over. Color me skeptical. I can’t imagine everyone not wanting to race back into the office the minute it is safe to do so. But my wife and I both have full-time jobs, and we have ...

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Why not make college available to all in US?

To reduce inequality and racial injustice, a lot of people are interested in making college available to all. The most ambitious proposals would cost a great deal of money — and taxpayers would have to foot the bill. Last week, the city of West Sacramento, California, did something fresh and creative — and cheap. It automatically admitted every one of ...

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Reliance says it’s net-debt free after $15b Jio deals

Bloomberg Reliance Industries Ltd, the conglomerate controlled by Asia’s richest man, said it has become free of net debt months ahead of a March 2021 target after raising more than $23 billion from stake sales and a rights issue. Its shares closed at an all-time high. India’s most valuable company said in a statement that it secured 1.16 trillion rupees ...

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SoftBank leads $19.5m funding in UK’s Splyt

Bloomberg The Japanese wireless unit of SoftBank Group Corp led a $19.5 million investment in Splyt Group Ltd, a UK-based startup that makes software to simplify ride-hailing abroad. With the latest round, Splyt has raised a total of $35 million, including an earlier investment by Southeast Asia’s ride-hailing giant Grab. SoftBank Corp declined to disclose the exact amount of its ...

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KKR looks to triple Vietnam investments in next decade

Bloomberg KKR & Co expects to at least triple its investments in Vietnam in the next decade as it seeks to capture rising demand from the Southeast Asian nation’s growing middle class. The US buyout firm’s investments in Vietnamese assets crossed $1 billion after a KKR-led consortium bought a stake in Vinhomes JSC, the largest real estate developer in the ...

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