Bloomberg The vast majority of the world’s largest transport companies, including General Motors (GM), Ford Motor and British Airways owner IAG, are taking insufficient action to limit global warming to within 2 degrees Celsius, according to a report backed by money managers overseeing about $22.8 trillion. Only 18% of airline, car and shipping companies have set carbon-reduction plans in line ...

Bloomberg UK freight trains are being forced to leave the country’s biggest container port without a full load, in the latest sign that stockpiling to prepare for Britain’s break with the European Union is disrupting supply chains already strained by the coronavirus outbreak. Some trains normally packed with everything from phones to the latest fashions are departing Felixstowe east of ...

Bloomberg Apple Inc has started building its own cellular modem for future devices, a move that would replace components from Qualcomm Inc, Apple’s top chip executive told staff. Johny Srouji, Apple’s senior vice president of hardware technologies, made the disclosure in a town hall meeting with Apple employees, according to people familiar with the comments. Qualcomm shares dropped 4.4% in ...

Bloomberg Chinese electric-car maker Nio Inc joined the rush for fundraising among new-energy vehicle manufacturers, capitalising on a 11-fold increase in its share price this year to boost its coffers. The manufacturer is selling 60 million American depositary shares in a follow-on offering, and has the option to sell another nine million, according to a statement. Based on its latest ...

Bloomberg Singapore is set to host the world’s first electric-powered air taxi service by the end of 2023, according to Volocopter GmbH, which is developing the vertical-takeoff craft. The German manufacturer is committed to starting operations within three years once it completes flight trials, evaluation and certification in collaboration with the city-state, it said in a statement. Tickets for a ...

Bloomberg Oracle Corp, a Silicon Valley stalwart, has moved its headquarters to Texas, becoming the latest technology company to leave its home state in the face of California’s higher taxes, steeper cost of living and a broader shift to remote work. The move to Austin from Redwood City “means that many of our employees can choose their office location as ...

ABU DHABI / WAM The UAE’s Ministry of Health and Prevention (MoHAP) has announced the official registration of Beijing Institute of Biological Product’s inactivated Covid-19 vaccine in a major step towards combating the global pandemic. The registration of this vaccine is a decision in response to the application from Sinopharm CNBG. The announcement is a significant vote of confidence by ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi Onshore Block 5 to Occidental, a US-based international oil and gas exploration and production company. The award has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) and follows the SPC’s endorsement ...

DUBAI / WAM Professional Communication Corporation (Nedaa) signed a new partnership agreement with Airbus at the ongoing Gitx Technology Week 2020 in Dubai for the deployment of mission-critical communication solutions. Mansoor Bu Osaiba, CEO of Nedaa, and Walid Lahoud, Head of Sales Middle East and North Africa for Secure Land Communications at Airbus, inked the agreement during a signing ceremony ...

ABU DHABI / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee for the Covid-19 Pandemic has announced that it has started working with all concerned and relevant authorities to fully resume economic, tourism, cultural and entertainment activities in the emirate within two weeks. This decision comes after the success of efforts made to maintain a low percentage of confirmed ...