Dubai / WAM According to a report during Investopia summit, quantum computing technology is advancing rapidly, and is on track to enable solving more complex business problems through enhanced optimisation, machine learning and simulation. This is bringing transformation potential to multiple industries, making it possible to discover new remedies in life sciences, improve wealth management scenarios in financial services, ...

  DUBAI / WAM Dubai Chamber of Commerce announced the formation of the UAE Pharma Business Group, which aims to establish a framework to promote and support the growth of local manufacturers of medicine within the UAE, GCC and internationally. The group is expected to welcome 50 member companies who will represent expertise across key sub-sectors in the pharmaceutical industry ...

Abu Dhabi / WAM Teachers, students and parents throughout Abu Dhabi are eyeing a major step to education normalcy after the Abu Dhabi Department of Education and Knowledge (ADEK) relaxed a slew of school-related Covid-19 prevention protocols. ADEK announced in a circular sent to all private and Charter Schools that all students must return to in-classroom learning. Only weeks after ...

  ABU DHABI / WAM Abu Dhabi Airports and Etihad Guest, the award-winning loyalty programme of Etihad Airways, have signed an agreement to launch the “Miles on the Go” product at Abu Dhabi International Airport. Etihad Guest members can now instantly earn and spend Etihad Guest Miles when shopping at participating merchants located at Abu Dhabi International Airport. By downloading ...

  After 45 years in business, the underwriter of homes for millions of Indians is moving in with its 28-year-old banker offspring. The joint-family arrangement makes sense for both Housing Development Finance Corp and HDFC Bank Ltd. Mortgages will get more competitive as lenders come under pressure to peg interest rates to benchmarks not in their control, such as the ...

China’s strict Covid-zero policy is getting costlier by day. As the infectious omicron variant spreads, the government is resorting to widespread lockdowns. Shanghai, a city of 25 million people, is at a standstill, and cities accounting for a quarter of China’s gross domestic product are under some form of restrictions on movement, estimates Goldman Sachs Group. Politics is an often-cited ...

  Howard Schultz’s coffee has already gone cold with investors. Just three weeks ago, Starbucks Corp said that the architect of its transformation from boutique coffee house to global juggernaut would return as chief executive officer, sending shares up 5%. They fell by almost as much, after Schultz said he would immediately suspend the group’s share buybacks in order to ...

Could the re-election campaign of France’s President Emmanuel Macron be any less inspiring? As French voters go to the polls on April 10 for the first of two voting rounds, gone is the enthusiasm or interest in the election of 2017, when Macron came to power as the youngest leader since Napoleon Bonaparte, with a new party promising to sweep ...

  Bloomberg Zimbabwe’s central bank lifted its key interest rate to a record high, to halt a decline in its currency and rein in surging inflation amid food and fuel price pressures that have been exacerbated by the war in Ukraine. The monetary policy committee (MPC) hiked the rate to 80% from 60%, Governor John Mangudya said in a statement. ...

  Bloomberg Australia’s largest bank removed secrecy clauses on salaries in its contracts, just days after a similar move by its rival. Commonwealth Bank of Australia told employees they would be free to discuss their pay starting April 11 to boost pay equity, though they shouldn’t pressure co-workers to discuss the topic, the Australian Financial Review (AFR) reported. “As part ...