Classic Layout

UAE announces 1,940 new recoveries from Covid-19

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 300,076 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Friday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the ...

Read More »

EHS wins international ‘excellence award’

  DUBAI / WAM Emirates Health Services (EHS) announced that it has won the Smart Government Awards 2022 for Digital Government Content, announced by the International Excellence Foundation, which works to advance e-government and smart government websites from its base in Florida, USA. The win was announced at an awards ceremony held on 29th June at M?venpick Grand Al Bustan ...

Read More »

Etihad ‘Sustainable 50’ A350 makes inaugural flight to New York

  Abu Dhabi / WAM Etihad Airways celebrated the arrival of its new Airbus A350-1000 in the United States following the inaugural commercial flight from Abu Dhabi International Airport (AUH) to New York’s John F. Kennedy International Airport (JFK) on June 30. The aircraft, which accommodates 371 passengers, is one of five new Airbus A350s to join Etihad’s fleet this ...

Read More »

Russia’s oil revival gets some help from domestic refineries

  Bloomberg Russia’s oil output is edging back toward pre-war levels, and a revival in large and small refineries scattered across the country is a major driver of the change. The trend is another example — from rising oil-product exports to higher prices for Urals crude — of how Russia’s energy industry is adapting to trade restrictions imposed after its ...

Read More »

Illegal protests double power outages in South Africa: Eskom

  Bloomberg About half of South Africa’s record electricity outages this week have been caused by employees staying away from work during illegal protests, the head of the state power utility said. Eskom Holdings SOC Ltd. was forced to implement Stage-6 power outages — equivalent to cutting 6,000 megawatts from the grid — because of disruptions that have lasted a ...

Read More »

Copper sinks below $8,000 a ton

  Bloomberg Copper sinks below $8,000 a ton, hitting its lowest since early 2021, as deepening fears about a global economic slowdown drive a rout in industrial metals. The metal, widely considered a barometer of the world economy, slumped as much as 3.6% to $7,959 a ton in London, extending losses after its worst quarter in a decade. Investors appear ...

Read More »

Swedish green steel firm gets permit to build first plant

  Bloomberg Sweden’s H2 Green Steel took a vital step toward building its first facility in the north of the country after receiving the go-ahead from a local court. The main permit was for construction of the plant, the Land and Environmental Court in Umea said in a statement on Friday. It also granted approval for rerouting a stream, while ...

Read More »

ECB needs positive rates sooner rather than later

It’s a sobering thought that, even after all the central bank wailing and gnashing about inflation, the European Central Bank (ECB) has yet to increase the official deposit rate from the negative 50 basis points it’s been stuck at for almost three years. When policy makers meet later this month, they should follow the example of peers elsewhere by implementing ...

Read More »

Is it start of supermarket food fights?

Heinz canning baked beans in Tesco is only the start of the supermarket food fights. But this is one battle that Britain’s biggest retailer can win. US grocery giant Kraft Heinz Food Co has temporarily stopped supplying Tesco Plc with most of its products, including ketchup and baked beans, after the grocer said it would not pass on “unjustifiable price ...

Read More »
Send this to a friend