September, 2022

• 9 September

  EPA showcases 2,747 titles at Amman int’l book fair

  

    Sharjah / Gulf Time To boost the profile of Emirati authors regionally and internationally and strengthen their outreach in new markets, the Emirates Publishers Association (EPA) is showcasing 2,747 titles by 33 publishers through its ‘Manassah’ platform at the ongoing 21st Amman International Book Fair in Jordan which runs until September 10. Under EPA’s Manassah platform, members with less ...

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• 9 September

  G42 launches video podcast series ‘G42onAIr’

    Abu Dhabi / WAM G42, the leading UAE-based AI and cloud computing technology company, launched its new video podcast series, G42onAIr, a new platform to deliver industry expertise from world-class leaders and technologists working in the field of AI and digital transformation to listeners around the world. Produced by G42, each episode will transport listeners into insightful and inspiring ...

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• 9 September

  Emirates NBD launches end-to-end digital onboarding process

  

  Dubai / WAM Emirates NBD Securities has become the first securities brokerage to launch an end-to-end digital onboarding process. The newly launched platform enables more than 1 million Emirates NBD customers to start trading instantly amid increased demand for stocks and a robust pipeline of initial public offerings on the Dubai Financial Market (DFM). The end-to-end digital process offered by ...

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• 9 September

  UK launches $46 billion fund for energy traders as markets strain

  

  Bloomberg The UK Treasury and Bank of England launched a £40 billion ($46 billion) fund to provide energy traders liquidity to deal with massive margin calls, joining a list of European states taking dramatic action to prevent the energy crisis becoming a “Lehman” moment. The so-called Energy Markets Financing Scheme will provide stability for energy and financial markets, and help ...

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• 9 September

  Gorbachev did save one Communist Party — China’s

  

    The death of the last Soviet leader Mikhail Gorbachev naturally elicited an outpouring of praise from Western leaders for his role in ending the Cold War. If Gorbachev helped bring freedom to most of the former Soviet bloc, however, the revolution he led arguably led to the opposite outcome in China. Without Gorbachev’s example, the Chinese regime might not ...

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• 9 September

  Why UBS ditched $1.4 billion deal

  

  When UBS Group AG ditched its biggest acquisition in more than two decades with no explanation, investors and everyone else were left to guess what happened. Wall Street analysts have presumed that $1.4 billion is now just too much to pay for Wealthfront, a US digital investment adviser that won’t make profits for years. Vertigo-inducing fintech valuations have returned rapidly ...

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• 9 September

  California’s plan to get fast food workers fired

    Apparently unhappy with the current pace of business migration out of their state, California’s legislators have come up with a good way to accelerate it. They voted recently to create a council of political appointees to set wages in the fast-food industry. The so-called FAST Recovery Act awaits Governor Gavin Newsom’s signature. He can’t squash this ill-conceived initiative quickly ...

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• 9 September

  If rate hikes are on autopilot, just say so

    Are robots coming for jobs at central banks, too? Despite protestations to the contrary, the course of interest rates looks to be on autopilot in many economies. The highest inflation in a generation means officials are striding with deliberation toward a pronounced slowdown, if not global recession. If a slump is in the offing, it will be one that’s ...

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• 9 September

  Retailers warn of storm ahead as sales growth in UK stutters

  

    Bloomberg Retail sales growth slowed last month as shoppers tightened their purse strings in the face of Britain’s escalating cost-of-living crisis. Sales were just 1% higher than in August 2021, the British Retail Consortium and consultancy KPMG said in a report. Clothing sales were “sluggish” for the first time in recent months and parents curbed their back-to-school spending. With ...

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• 9 September

  Pentagon halts deliveries of F-35 on Chinese alloy

  

    Bloomberg The Pentagon has halted deliveries of Lockheed Martin Corp’s F-35 after finding an alloy used in magnets for pumps on the fighter jet were made in China. The F-35 program office “temporarily paused the acceptance of new F-35 aircraft to ensure the F-35 program’s compliance” with defense regulations “pertaining to specialty metals,” Defense Department spokesman Russell Goemaere said ...

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