August, 2022

• 4 August

  PCFC call centre receives 70,000 calls, inquiries

  

    DUBAI / WAM The Call Centre of the Ports, Customs and Free Zone Corporation (PCFC) received during the first half of 2022 about 70,000 inquiries through various communication channels provided by the Corporation. Hend Ahmad Shaker, Director of the Strategy and Communication Department at PCFC, confirmed that the Call Centre works 24/7 to serve the Corporation’s customers and its ...

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• 4 August

  UAE launches ‘dynamics of circularity series’

  

  DUBAI / WAM The Ministry of Climate Change and Environment (MOCCAE) has kickstarted the Dynamics of Circularity Series, a periodic stakeholder assembly aimed at sharing knowledge, building capacities, and exploring opportunities to implement circular economy practices in priority sectors. As part of the series, the ministry organised a workshop dedicated to the F&B sector in partnership with UAE Food & ...

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• 4 August

  Etihad scales up its cargo operations with A350F freighter

  

    Abu Dhabi / WAM Etihad Airways has firmed up its order with Airbus for seven new generation A350F freighters, following its earlier commitment announced at the Singapore Airshow. The freighters will upgrade Etihad’s freight capacity by deploying the most efficient cargo aircraft available in the market. This order of the A350F sees the national carrier of the UAE expanding ...

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• 4 August

  Pelosi’s Taiwan trip is start of US headaches

  

  To widespread relief, House Speaker Nancy Pelosi’s plane landed in Taipei without incident on August 2. Fears that the Chinese military might interfere with her flight, triggering a dangerous confrontation with the United States, did not materialise. The challenge facing the US, however, has only just begun. In response to Pelosi’s visit, the Chinese military announced a three-day military exercise ...

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• 4 August

  Are Apple App store profits slowing?

  

  Analysing Apple’s earnings can, on occasion, feel like looking at a jigsaw puzzle with some of the pieces missing. Consider the quarter ended in June: The fact that a slight dip in sales from Apple’s all-important hardware segment was offset by growth in its services segment — the App Store, advertising, etc — received a lot of attention when the ...

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• 4 August

  For now, corporate hope cushions tech sector

  The latest raft of technology earnings is starting to show a clear divide between areas that may continue to grow and those that will most certainly suffer at the hands of a global economic slowdown. Whether the more resilient sectors succumb, or conversely, drive a rebound in the parts that slumped, will be a key issue to watch over coming ...

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• 4 August

  Fed can’t stop wishful thinking of bond traders

    Ever since traders erroneously interpreted Federal Reserve Chair Jerome Powell’s July press conference as dovish, US short-term bond yields have completed a round trip, with the market now essentially back to where it started a week ago. That gets bonds closer to realistic pricing in the face of the worst inflation in 40 years, but much more upheaval could ...

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• 4 August

  Pelosi vows US won’t abandon Taiwan in face of China threats

  

  Bloomberg House Speaker Nancy Pelosi pledged that the US wouldn’t abandon Taiwan, reaffirming American support for the democratically elected government in Taipei despite threats of fresh trade curbs and military actions by Beijing. Pelosi made her comments on Wednesday during a Presidential Office ceremony with Taiwanese leader Tsai Ing-wen. The California Democrat’s arrival in Taiwan late Tuesday made her the ...

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• 4 August

  Nato must dig in for long deployment in east, Romania warns

  

    Bloomberg It’s “wishful thinking” to expect relations between Russia and the West to return to their pre-war status soon after the fighting stops in Ukraine, as the Kremlin appears bent on creating a buffer between itself and Nato, Romania’s prime minister said. Nicolae Ciuca, a retired general who once led combat forces in Iraq, said Russia’s invasion has re-opened ...

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• 4 August

  Serbia, Kosovo may resume EU-mediated talks after flare up

    Bloomberg Serbia and Kosovo may resume European Union-mediated talks on mending ties later this month following weekend tensions over identification cards and car plates. The meeting in Brussels could take place on Aug. 18, Serbian President Aleksandar Vucic told state broadcaster RTS late Tuesday. Kosovo government spokesman Perparim Kryeziu said the meeting is expected in the third week of ...

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