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UAE-Brazil bilateral trade rises 33% in first 8 months of 2021

Dubai / WAM The economic relations between Brazil and the United Arab Emirates have successfully overcome the negative impacts of the global pandemic, with bilateral trade witnessing a 33 percent increase in the first eight months of 2021, compared to the same period last year, according to a top Brazilian official. In an exclusive interview with Emirates News Agency (WAM), ...

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France celebrates its National Day at Expo 2020 Dubai

Dubai / WAM Jean-Yves Le Drian, French Minister of Europe and Foreign Affairs, has said that the participation of the world’s countries in Expo 2020 Dubai enhances international cooperation, as the most important cultural event in the world carries a message of hope at the time of the coronavirus pandemic. In his statement marking France’s National Day at Expo 2020 ...

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Top oil trader Vitol jumps into business of EV fleet

Bloomberg Vitol Group, the world’s biggest independent oil trader, is jumping into the electric-vehicle fleet business. The Rotterdam-based trading house formed a $250 million joint venture with BYD Co, a Chinese EV and battery maker, it said in a statement. The new service will offer electric-car fleet services and charging infrastructure to cities, companies and other organisations. It’s the latest ...

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NTPC plans IPOs of 3 units, may raise $2b

Bloomberg India’s coal power giant NTPC Ltd expects to raise $2 billion through initial public offerings in three units including its renewables business, and the paring of a joint venture stake, according to a company official familiar with the plans. The state-run generator plans to sell shares in NTPC Renewable Energy Ltd within a year, the official said, asking not ...

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Taliban must know the world is watching it all!

We’re just six weeks into the Taliban’s second shift as Afghanistan’s rulers, and the picture could not be bleaker. Bodies hang in public squares and women are banned from their jobs. High schools are closed to girls, the women’s ministry has been replaced by the Ministry for the Promotion of Virtue and the Prevention of Vice, while former government officials, ...

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A new warning for holiday shoppers

Freight costs are crushing Bed Bath & Beyond Inc, and the retailer’s executives are warning that it isn’t alone. Shoppers and investors alike will have to brace for a difficult holiday season marked by soaring prices, empty store shelves and pessimistic forecasts from US retail chains as earnings reports kick off. “Best of luck,” said one analyst after Bed Bath ...

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Will the micro-broccoli help feed the world?

Vertical farming, a system for growing food without soil or sun that for decades has thrived mainly in sci-fi films and the International Space Station, is going mainstream. AeroFarms is poised to be the first vertical-farming startup to be listed on the NASDAQ in the next month after it completes a merger with Spring Valley Acquisition Corp. Its products — ...

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Republicans need to be more than Trump party

Republicans are apparently too busy stoking cultural grievances and recounting votes from the 2020 presidential election to craft a policy agenda for the next election. Looking forward instead of backward would be a better way to build political support and to channel the populism of former President Donald Trump into programs to help working- and middle-class voters. The alternative for ...

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CD&R beats Fortress in $9.5b auction, wins Morrison prize

Bloomberg Clayton Dubilier & Rice (CD&R) LLC won a months-long battle for WM Morrison Supermarket Plc, beating out private-equity rival Fortress Investment Group in a rare auction with a knockout $9.5 billion offer for Britain’s fourth-largest grocer. The final offer of 287 pence a share “represents excellent value for shareholders while at the same time protecting the fundamental character of ...

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