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‘Extreme Weekends’ begin at Sheikh Zayed Festival

  Abu Dhabi / WAM “Extreme Weekends”, a series of astonishing live motorcycle shows taking place at the Sheikh Zayed Festival in Al Wathba, has begun with thrilling shows on its first weekend, and will continue until January 30. On day one of the event, four world-renowned bikers performed mind-boggling stunts on a special track set near the Emirates Fountain, ...

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RTA adds 2219 new vehicles to Dubai taxi fleet

  DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) signed a contract for the procurement of 2,219 new vehicles to enhance the fleet of the Dubai Taxi Corporation (DTC). The new batch includes 1,775 hybrid vehicles powered by fuel and electricity. Therefore, the total number of hybrid vehicles in Dubai Taxi fleet jumps to 4,105 vehicles, which constitutes 71 ...

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Norway boosts aid for households facing surging power bills

  Bloomberg Norway boosted an aid program to offset soaring electricity costs for a second time in less than a month, citing the “socially unjust” effect of high prices on households. The state will cover 80% of power costs when the market price for electricity is above 70 Norwegian ore ($0.08) per kilowatt hour in the January to March period, ...

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Private equity won’t be the savior of fossil fuels

  There’s a frequent warning made in recent years to investors seeking to pressure companies to offload their fossil fuel assets: If listed businesses don’t own those mines, they’ll go over to the dark side. Polluting businesses sold to private equity may continue to “operate under new owners in the shadows,” former US Vice President Al Gore warned in the ...

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Omicron is raising cruel issue of triage

  At some point after he became chief surgeon in Napoleon’s army, Dominique Jean Larrey started walking across blood-soaked battlefields to pick out those among the wounded who could still be saved, usually by instant amputation of limbs. In time, he developed a system of sorting and separating — trier in French — the casualties. Ignoring rank and nationality, he ...

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Jack Dorsey should focus on streaming, not tweeting

  A new year’s resolution for billionaire Jack Dorsey: Spend more time on Tidal, the music-streaming platform recently acquired by his fintech firm Block, and less time on Twitter, where he’s no longer in charge but still making himself heard. Block’s $297 million purchase of a majority stake in Tidal was one of many post-Covid music milestones over past year, ...

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Car dealership laws aren’t fit for electric age

  Car dealerships are, in essence, giant lots staffed by folks trained in the art of emptying those lots as quickly as possible and repeating the process ad infinitum. But 2021 was a strange year for all of us, dealers included. Their lots emptied … and then quite often stayed empty as supply-chain snafus idled auto factories. Figures indicate sales ...

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Mexico City airport lines reach sidewalks as Omicron surges

  Bloomberg Travellers at Mexico City’s airport had to withstand lines that stretched far outside the hub’s doors and onto the sidewalk just to drop off their bags as airlines were hit with staffing shortages due to Covid-19. At least 65 Mexico City flights were cancelled over the past 24 hours, according to tracking site FlightAware. Over the past week, ...

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American airlines seek short-term pilots deals

  Bloomberg American Airlines Group Inc. and its pilots will seek to reach a short-term contract agreement through a “super negotiations” strategy of accelerated talks starting this month. The two sides will meet five days a week for one month starting Jan. 17, the Allied Pilots Association union told its members. The negotiations will focus on scheduling and compensation in ...

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