Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) announced a new collaboration with IBM, an American multinational technology company, to fast track its transition into a modern, digitally-led Islamic bank, using IBM’s hybrid cloud solutions based on Red Hat OpenShift. This step will help enhance ADIB’s digital infrastructure, modernise operations and automate processes, enabling its employees to focus on ...

Bloomberg An ambitious pledge to cut greenhouse-gas emissions under consideration by the US gives President Joe Biden more leverage when he hosts leaders for a climate change summit later this month — presenting a particular challenge to China’s Xi Jinping. The White House may commit to emissions cuts of 50% or more from 2005 levels by 2030, Bloomberg reported this ...

When Qualcomm Inc was handed a record penalty by China’s antitrust regulators in 2015, executives at the US chipmaker could have been forgiven for partying. Although they were on the hook for a $975 million fine, the ruling by the National Development and Reform Commission (NDRC) ended a yearlong investigation into the company and affirmed its technology-licensing business model. Proof ...

It’s not surprising that pharmacies are turning out to be fantastic at distributing Covid-19 vaccines. As Alex Tabarrok and I pointed out in February, they are literally everywhere — 86% of the US population lives within 5 miles of one. And they have significant experience in large-scale vaccine delivery, giving out 40-50 million flu vaccines annually. But the success of ...

Argentina is in a familiar place, buried in debt, unloved in the financial markets and at the mercy of the International Monetary Fund (IMF) — or is it the other way around? When a country owes $45 billion, the balance due on the IMF’s biggest rescue loan ever in 2018, it’s not so much in hock to its creditor as ...

The future of American democracy may be decided by what happens on the Mexican border this year. That is to say, if the large constituency fearful about migration is unconvinced that President Joe Biden’s administration is implementing credible policies to control it, Trumpism could resurge big-time, at the midterm elections and thereafter. Nor is this solely, or even principally, a ...

Bloomberg The UK said it will decide by early next month whether Britons can resume taking international holidays on May 17, while implementing coronavirus testing rules that airlines criticised as too costly. Countries will be rated according to their Covid-19 risk in a traffic light system, the Department for Transport said. At a minimum, travellers will need to buy a ...

Bloomberg Airbus SE handed over 72 aircraft last month, stepping up deliveries even as coronavirus flare-ups delayed a recovery in air travel. The surge confirmed an earlier Bloomberg report and marked the best performance so far this year for the European planemaker. Its quarterly total of 125 surpassed the 122 aircraft delivered in the year-ago period, largely before the pandemic ...

Bloomberg Struggling UK mall operator Hammerson Plc has agreed to sell its retail parks to Canadian private equity firm Brookfield Asset Management Inc for 350 million pounds ($480 million), the Sunday Times reported. Brookfield will acquire seven retail parks, giving a much-needed financial boost to the owner of Birmingham’s Bullring shopping centre. Hammerson, which owns once-prized shopping centres across the ...

Bloomberg Boeing Co expects India’s air passenger traffic to double from pre-pandemic levels by 2030 even as any imminent travel recovery looks to be thwarted by a second Covid wave in the South Asian nation. “Although the Covid-19 pandemic sharply reduced Indian air travel last year, the country’s domestic passenger traffic is recovering more rapidly than in most other countries ...