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Bloomberg Tesla Inc wants to double vehicle sales in Germany to 80,000 this year, German weekly Automobilwoche reported, citing a local manager. The electric car manufacturer sold 39,714 units in Europe’s biggest economy in 2021 and will continue to target an annual doubling of shipments, the publication said. The company has sold 24,734 vehicles in Germany in the year ...
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September, 2022
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19 September
US rail-union deal showcases labour angst beyond wages
Bloomberg The key issue that almost triggered the first US railroad strike in 30 years and threatened to hobble the economy wasn’t wages, but sick leave, highlighting broadening worker demands in a tight labour market. Union leaders and railway companies agreed on a deal that includes language allowing workers to take time off for doctor appointments, hospitalisation or surgeries, ...
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19 September
Super sports enthusiast Anwar Shaikh brings Ultrahuman to UAE
DUBAI / GULF TIME ARUNIMA MISHRA The world’s most advanced metabolic fitness platform, Ultrahuman, is now embarking on a great start in the UAE. Started by Mohit Kumar and Vatsal Singhal in 2019 in India, while super sports enthusiast Anwar Shaikh brought the metabolic platform to the UAE. “The UAE is a great launchpad for international expansion for it is home ...
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19 September
Apple counts on upscale buyers to turn latest iPhone 14 into hit
Bloomberg As the latest iPhone hit stores, Apple Inc is counting on well-heeled shoppers to make the device a hit during a year of roaring inflation and shaky technology spending. The iPhone 14 lineup reserves the best features for the high-end Pro models costing at least $1,000. And based on preorder data, the strategy is already working with consumers, who ...
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19 September
Musk enters in-flight Wi-Fi market with small satellites
Bloomberg SpaceX wants to show the world its Starlink satellite system can deliver Netflix and YouTube at 30,000 feet. So it recently held a demo for the media aboard a jet operated by its first airline customer, regional carrier JSX. The short jaunt from Burbank to San Jose, California marks the start of Elon Musk’s bid to seize in-flight ...
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19 September
GM’s Cruise maps robotaxi expansion
Bloomberg It was a bit surprising when Cruise, the autonomous vehicle startup that’s 80% owned by General Motors, said it planned to expand its robotaxi service to Phoenix and Austin over the next three months. The company had just recalled a previous version of its self-driving software that was in use when a car got in an accident with ...
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17 September
Saudi Arabia discovers new gold and copper ore sites in Madinah
JEDDAH / WAM The Kingdom of Saudi Arabia announced the discovery of new sites for gold and copper ore deposits in the Madinah region. According to the Saudi Press Agency (SPA), the Saudi Geological Survey, represented by the Survey and Mineral Exploration Centre, said that the discoveries of gold ore were within the boundaries of Aba Al-Raha, the shield ...
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17 September
Oil strives for weekly advance as economic growth fears mount
Bloomberg Oil edged higher in uneven trading, remaining within a narrow price band as traders weighed a souring US economic outlook against risks of supply disruptions from Russia. West Texas Intermediate futures traded near $86 a barrel, struggling to hold onto gains while under pressure from equity markets. Equities slid as Fedex Corp. withdrew an earnings forecast, in what ...
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17 September
GCC-India sign deal on institutional consultations
NEW DELHI / WAM India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the “mechanism of consultations” between the two sides. The MoU was signed between India’s Minister for External Affairs Dr S Jaishankar, and the GCC Secretary-General Dr Nayef Falah Mubarak Al-Hajraf. India’s Ministry of External Affairs said, “both sides reviewed ...
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17 September
Seoul to deepen cooperation with high-tech sectors in Middle East
South Korea / WAM South Korea wants to strengthen its relations with the Middle East with a focus on high-tech industries, according to Seoul’s top diplomat. “In the Middle East, we hope to deepen cooperation in high-tech industries,” said Park Jin, Foreign Minister of the Republic of Korea, while hosting a dinner for invited guests, during Jeju Forum for ...
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