November, 2022

• 14 November

  Dewa organises workshops on clean, renewable energy and AI

  

    Dubai / WAM The Dubai Electricity and Water Authority (Dewa) Innovation Centre, in collaboration with the Arab Youth Centre (AYC), organised a series of virtual technical training workshops on clean and renewable energy using artificial intelligence (AI) and latest technologies to enhance the efficiency and sustainability of energy. The two-day workshop was attended by 57 young men and women ...

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• 14 November

  Twitter layoffs will shrink free speech across the world

  

    Twitter Inc. — now under new management, if that’s the right word — fired about half its workers over the weekend, a big story by anyone’s standards. Yet some teams and countries suffered worse — and that is a story with global political implications. In India, for example, Twitter seems to have laid off 90% of its employees. In ...

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• 14 November

  We should learn from FTX-Binance fiasco

  

    Cryptocurrencies were supposed to usher in a new and better era of finance. Instead of relying on fragile, stodgy and often discriminatory banks for deposits, loans and the like, people could transact directly through platforms brilliantly designed to obviate the need for trust. If further evidence was required, the travails of cryptocurrency exchange FTX.com this week have demonstrated just ...

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• 14 November

  Why WFH when you can live in the office like Musk?

    It’s no surprise that Elon Musk is ordering Twitter Inc. staff back to the office within a month of taking the keys to the social media company. Workers at Tesla Inc. are fully familiar with their billionaire boss’s strict preference for being present. But combine this with a weakening economy and pressure from Wall Street leaders for office working, ...

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• 14 November

  Biogen lands a CEO who can navigate turbulence

    After searching for a new chief executive officer since May, Biogen Inc. has selected industry veteran Christopher Viehbacher, who previously led Sanofi and later worked in venture capital. It’s a solid choice. Viehbacher helped steer Sanofi through turbulent times and has the experience to do the same for Biogen. Viehbacher will succeed Michel Vounatsos, who has led the company ...

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• 14 November

  Morrisons, Asda face high cost of their debt-fuelled buyouts

  

    Bloomberg When the UK supermarket chains Asda and Morrisons were taken over last year, their private equity buyers took the typical step of piling them with debt. Now, that burden is becoming increasingly heavy as soaring inflation squeezes incomes, shoppers tighten their belts and borrowing costs soar. The UK’s third and fifth-largest supermarkets are facing combined annual interest bills ...

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• 14 November

  Alibaba keeps Singles Day sales tally under wraps for first time

  

    Bloomberg Alibaba Group Holding Ltd. decided not to disclose full sales results for its signature Singles’ Day shopping festival for the first time, after forecasts that the figure may suffer a decline unprecedented in the event’s 14-year history. Alibaba said in a statement gross merchandise value (GMV) was “in line with last year’s GMV performance despite macro challenges and ...

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• 14 November

  Malaysia Airlines mulls doubling Boeing 737 Max order, says CEO

  

    Bloomberg Malaysia Airlines Bhd is considering ordering 25 single-aisle jets, probably Boeing Co. 737 Max on top of an existing firm order for 25 of those planes, according to Chief Executive Officer (CEO) Izham Ismail. “Our future network requires 50 narrowbody aeroplanes, so we have still got space for 25,” Izham said on the sidelines of an annual meeting of ...

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• 14 November

  Boeing sees bright future in India as clouds persist over China

  

    Bloomberg Boeing Co. sees India as key to offsetting sluggish business in China, its biggest overseas market, as it tries to seal a massive aircraft order from the South Asian nation’s flag carrier and expand its presence in the country. “With uncertainty around China, the Indian market is increasingly important to us,” John Bruns, Boeing vice president of commercial ...

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• 14 November

  United offers 5% pay hike to pilots ahead of schedule

    Bloomberg United Airlines Holdings Inc. told pilots it will move forward a planned 5% pay hike to December “in a show of good faith,” days after the aviators rejected a proposed contract. The carrier decided to accelerate the raise based on its financial results through September and outlook for the rest of 2022, according to a letter sent by ...

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