ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) announced plans for a strategic collaboration with IBM, an American multinational technology corporation headquartered in New York. Senior leaders from both organisations signed a Memorandum of Understanding to advance fundamental AI research and accelerate the types of scientific breakthroughs that could unlock the potential of AI to ...

  Abu Dhabi / WAM The UAE Space Agency is participating in the Global Aerospace Summit 2022, hosted by Mubadala Investment Company until May 27 at Emirates Palace Hotel, with the participation of leaders in the aviation, space, and defence sectors from around the world. The summit, held under the theme of “prosperity supported by digital technologies,” will outline the ...

  Bloomberg British consumers will face another sharp jump in their power and gas bills just before winter, adding to surging costs of almost everything from food to petrol. The energy price cap is likely to soar to a record £2,800 ($3,499) in October, Ofgem CEO Jonathan Brearley told a panel of lawmakers. That will send about 12 million households ...

President Joe Biden and his administration presumably hoped that the White House’s latest attempt to woo Asia, its Indo-Pacific Economic Framework for Prosperity, would be seen as a dramatic return for the United States to a region where allies have felt largely neglected since 2016. In this part of the world, however, the sprawling and unwieldy framework has been met ...

It’s about time investors were hit with the reality about electric vehicle startups. But what do tanking shares mean for the much-hyped, cheap capital-sucking EV makers that took the market by storm last year? Stocks of EV upstarts, from New York-listed, Chinese firms such as Nio Inc, Xpeng Inc and Li Auto Inc to their American peers Rivian Automotive Inc ...

  If Stuart Kirk had been a nondescript hedge-fund manager when he gave a speech questioning the financial consequences of climate change, it wouldn’t have attracted half as much controversy. But Kirk’s job title was head of responsible investments at HSBC Holdings Plc’s asset-management unit. That changes everything. Kirk created a social-media storm last week after saying investors don’t need ...

  When someone like Boris Bondarev, a Russian counsellor to the United Nations in Geneva, slams the door on his employer, the Russian Foreign Ministry, and on his home country, it’s only natural to wonder if Vladimir Putin’s system is showing cracks three months into the dictator’s disgraceful Ukraine adventure. The answer, however, is “not really.” Despite the relative failure ...

  Bloomberg Boeing Co is taking steps to bolster safety and address criticism that it lacked a robust, in-house oversight program in the wake of two fatal 737 Max accidents. Even so, there’s still much to be done some three years after the twin tragedies, which killed 346 people and sparked a global grounding of the Max aircraft, plunging Boeing ...

  Bloomberg Wendy’s Co surged in early trading after shareholder Trian Fund Management, the investment vehicle of billionaire Nelson Peltz, said it will explore a transaction that could give it control of the fast-food chain. Trian owns about 11.8% of Wendy’s stock, according to data compiled by Bloomberg. A transaction “could include an acquisition, business combination (such as a merger, ...

  Bloomberg Air France-KLM plans to sell about 2.26 billion euros ($2.4 billion) of new shares to shore up its balance sheet and repay a chunk of the state aid that helped the carrier survive the Covid-19 crisis. The proceeds of the rights issue will be used to reimburse about 1.7 billion euros of subordinate bonds issued in April last ...