Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) raised its growth projections and unveiled record spending plans for 2022, signalling that the voracious demand for chips that has fuelled a months-long supply chain squeeze will persist for years. Apple Inc’s most important chipmaker is now projecting average sales growth of 15% to 20% annually — as much as double its previous ...

  Bloomberg Apple Inc said that developers have generated more than $260 billion in revenue since the App Store launched in 2008, up about $60 billion from the figure it reported a year ago. The iPhone maker made the announcement as part of a summary of the performance of its digital services across 2021. The company said the App Store ...

  Bloomberg Last year’s record-high car prices won’t be dropping soon. In December, the average price of a new vehicle in the US hit $47,077, up 14% ($5,742), compared to 2020, and up 1.7% ($808) from the previous month, according to Kelley Blue Book. The rise came as US inflation ended 2021 at sizzling levels levels—a 39-year high of 7%—with ...

  Bloomberg Nigeria lifted a seven-month ban on Twitter Inc. in the West African country, after the social network agreed to various conditions. Twitter will establish a legal entity in Nigeria and appoint a country representative to engage with the government when required, the National Information Technology Development Agency, or NITDA, said in a statement announcing the imminent end of ...

  Bloomberg Oil headed for a fourth straight weekly gain, the longest streak since October, on signs that the market is tightening as global consumption withstands the impact of the Omicron virus variant. Brent crude traded above $85 after rallying more than 4% this week. The global crude benchmark has made a strong start to the year, which has been ...

  ABU DHABI / WAM Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, has won two prestigious nursing awards: the Nursing Informatics Unit of the Year 2020-2021 award, announced at the GCC eHealth Workforce Development Conference, and the Nursing Quality Indicators (NDNQI) Award for Outstanding Nursing Quality, presented to Seha’s Ghayathi Hospital. Aysha Al Mahri, Group Chief ...

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Brazil’s Minister of Foreign Affairs Carlos Alberto Franca reviewed the prospects of boosting the bilateral relations, in the light of the strategic partnership between the two friendly countries. This came in a phone call, wherein HH Sheikh Abdullah and ...

  Dubai / WAM The real estate and properties transactions valued at AED4.5 billion in total during the week ending January 14. The sum of transactions was 1,559. As many as 219 plots were sold for AED 1.12 billion, 1,022 apartments and villas were sold for AED2.25 billion. Data from Dubai Land Department (DLD) showed that the top three transactions ...

  DUBAI / WAM The Ministry of Energy and Infrastructure participates in Abu Dhabi Sustainability Week (ADSW) taking place between January 17-19 at Abu Dhabi National Exhibition centre (Adnec), one of the largest sustainability gatherings of its kind in presence of leaders, sustainability and environmental experts, and technology pioneers. The ministry will showcase the UAE’s efforts in environmental sustainability and ...

  Dubai / Gulf Time The Covid-19 safety protocols remain paramount at Expo 2020 Dubai, with stringent measures in place as the event prepares to mark the incredible achievement of ten million visits. Everyone is invited to come and join the celebrations on Sunday, January 16, with a special ticket entry price of just AED 10. With just 11 Sundays ...