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Spain may be moving too fast in its green energy push

BLOOMBERG  At a port across from Gibraltar, two European monarchs made a rare joint appearance in June to bestow their imprimatur on a bold and risky endeavour. Standing alongside freight ships in Algeciras, King Felipe VI of Spain and King Willem-Alexander of the Netherlands inaugurated a new maritime corridor. The critical cargo that attracted the attention of modern royalty was: ...

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MBZUAI, Etihad join forces to harness power of AI in aviation

ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and Etihad Airways have signed a Memorandum of Understanding (MoU) to jointly develop initiatives and conduct research into how AI could transform key aspects of the nation’s integral aviation sector. The move aligns with the university’s commitment to enhancing AI competitiveness across vital sectors, including aviation and logistics ...

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ZHO announces Deaf Youth Council formation

ABU DHABI / WAM The Zayed Higher Organisation for People of Determination (ZHO), in collaboration with the UAE Deaf Association, has announced the establishment of the Deaf Youth Council, marking a significant milestone in empowering people of determination and showcasing their immense capabilities and potential in contributing to societal growth and development. The formation of the Deaf Youth Council aligns ...

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UAE leaders congratulate President of Venezuela on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Nicolas Maduro of the Bolivarian Republic of Venezuela on his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...

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BYD unveils new premium SUV in push for EV market dominance

BLOOMBERG BYD Co, China’s best-selling car brand, unveiled a new electric sport utility vehicle — the Denza N7 — at a glitzy event in a former factory in Beijing, stepping up its push into the premium sector. The model, which comes in six versions, has a starting price of 301,800 yuan ($41,680), which Morgan Stanley noted was pretty much in ...

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Google set to hire ex-Apple executive as India policy head

BLOOMBERG Alphabet Inc’s Google is set to appoint a manufacturing and policy veteran as its top government affairs executive in India to tackle legal challenges and expand hardware assembly to the country. Sreenivasa Reddy, currently a senior engineering executive at Microsoft Corp, is likely to join Google towards the end of this year, people familiar with the matter said, asking ...

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Mukesh Ambani bets on $12 phone to disrupt India’s old internet network

BLOOMBERG Billionaire Mukesh Ambani’s group announced an internet-enabled phone at an entry price of 999 rupees ($12) as the oil-to-retail conglomerate seeks to poach more budget device users from rivals to its growing consumer offerings. India’s No 1 wireless carrier Reliance Jio Infocomm Ltd will start beta trials for the first 1 million ‘Jio Bharat’ phones from July 7, according ...

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Malaysia to simplify investment bodies to boost ease of business

BLOOMBERG Malaysia is working on streamlining the roles of its investment promotion agencies to improve the ease of doing business in the country and speed up business approvals, according to the Trade Minister Zafrul Abdul Aziz. The trade ministry’s goal is to provide investors with a “simple journey” by defining clear roles and responsibilities for each approving authority, Zafrul said ...

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