Bloomberg In the evolution of the electric vehicle (EV), 2022 will be remembered for its megafauna: Massive electric trucks finally roamed the land, with equally outsized prices. Next year, however, should bring some subspecies — a diaspora of SUVs, including some slightly smaller options and, rarer still, a precious few with more modest window stickers. If you are in the ...

Bloomberg Huawei Technologies Co. posted its third straight quarter of growth, declaring a return to normalcy after overcoming a plethora of US restrictions this year. The company’s sales rose 7.2% to $27.4 billion in the December quarter, according to Bloomberg’s calculations off annual figures, after carving out new income streams from areas such as smart cars and cloud services. 2022 ...

Bloomberg Elon Musk’s Twitter Inc risks massive fines after its top privacy regulator in the European Union (EU) opened a probe into reports of a suspected data breach that compromised the personal details of 5.4 million users. Ireland’s Data Protection Commission said it decided to start a probe over reports that one or more datasets of users’ personal information “had ...

  Bloomberg Sony Group Corp led a big jump in video-game hardware sales in the US, in the latest sign of improving PlayStation 5 supply. The Tokyo-based entertainment giant drove a 45% spurt in US games hardware sales to $1.3 billion in November, according to the NPD Group. Back home in Japan, the company’s in-demand console can now be purchased ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) will permanently close all Seha Covid-19 centres in Abu Dhabi, Al Ain, and Al Dhafra starting from December 31, 2022. Covid-19 screenings and vaccinations are offered at Seha Healthcare centres. The positive cases are assessed at the Rahba and Al-Ain Hospitals. Meanwhile, the Department of Health – Abu Dhabi ...

  Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi (Kezad group), the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi. Under the terms of the agreement, ...

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to Narendra Modi, Prime Minister of India, over the death of his mother. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, dispatched a similar cable of condolences to ...

  Dubai / WAM A total of 2,790 real estate transactions worth AED9.6 billion were conducted during the week ending December 30, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 179 plots were sold for AED 1.39 billion, while 2,071 apartments and villas were purchased for AED 5.64 billion. The top three transactions ...

  Bloomberg Oil is set to end a volatile year modestly higher as investors look ahead to a potential rebound in Chinese demand next year and brace for the possibility that less Russian crude will make it to buyers. West Texas Intermediate futures edged lower near $78 a barrel in the final session of 2022 and are up about 4% ...

  SHENZHEN / WAM Chinese tech giant Huawei expects its revenue for 2022 to reach 636.9 billion yuan (about $91.59 billion), according to the company’s rotating chairman Eric Xu. Chinese news agency, Xinhua, quoted Xu as saying that the performance was in line with the forecast; a statement he made during the company’s annual New Year’s message on Friday. Over ...