August, 2022

• 17 August

  Dewa initiative helps reduce 217,370 tons of carbon emissions

  

    Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons of carbon emission since its launch three years ago and until June 30. These reductions were from identifying 1,062,781 water leakage reports, 23,199 defects, and 11,566 cases of increased load. The service sends instant notifications to ...

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• 17 August

  Emirates to start A380 service to Bengaluru

  

    Dubai / WAM Emirates has announced that its flagship A380 service will be introduced for the first time to Bengaluru from October 30 to serve its customers on the busy route. Emirates became the first airline to operate scheduled passenger services utilising the A380, the world’s largest commercial aircraft in service, at Bengaluru’s Kempegowda International Airport. The aircraft upgrade ...

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• 17 August

  Air Arabia announces direct flights to Milan

    SHARJAH / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, has announced the launch of its direct flights from Sharjah to the city of Milan in Italy. The new direct flights will connect Sharjah International Airport with Milan Bergamo Airport with four weekly flights starting from December 7. Adel Al Ali, ...

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• 17 August

  Khalifa University develops 3D-printed eyeglasses

  

    Abu Dhabi / Gulf Time Khalifa University of Science and Technology, a consistently top-ranked research-intensive university based in Abu Dhabi, has developed a new method to manufacture customised glasses using 3D printing that could help people with colour blindness. Colour Vision Deficiency (CVD) is an inherited ocular disorder that manifests itself in limiting the retina cones’ ability to transmit ...

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• 17 August

  Germany seals deal with Uniper, RWE on floating LNG terminals

  

    ­­­Bloomberg The German government struck a deal with energy companies to import liquefied natural gas through two new terminals in an effort to alleviate a supply crunch that’s crippling the economy. Economy Minister Robert Habeck signed a memorandum of understanding with Uniper SE and RWE Supply & Trading GmbH, which will operate the floating terminals in Brunsbuettel and Wilhelmshaven, ...

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• 17 August

  Italy’s right-wing clings to the past — and falls flat

  

  In 2001, Silvio Berlusconi was running for prime minister and produced what became a symbol of an epoch. On prime-time national TV, he signed his political manifesto promising to cut taxes, increase pensions and carry out a massive investment program. He went on to win that election and remained a central figure in Italian politics until the euro crisis forced ...

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• 17 August

  No respite from scorching Singapore rents

  

  Singapore’s property market is in the throes of a 2008-type mania, with landlords squeezing tenants for the last possible cent. The previous bout of frenzy ended with the collapse of Lehman Brothers. This time, too, stratospheric apartment rents will return to earth, though the process is unlikely to be as swift as the city-state’s expat community might hope for. Among ...

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• 17 August

  Crypto is failing where digital yuan may succeed

    Does an industrial-sized dog whistle go off when advocates boast about cryptocurrency’s ability to evade US government sanctions? Back in March, a founder of Tornado Cash — a so-called “mixer” service that masks cryptocurrency transactions by mixing them with others — told Bloomberg it would be “technically impossible” for sanctions to be enforced against decentralised protocols. Surprise: Tornado has ...

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• 17 August

  China’s surprise data could spell recession

    Against all expectation (not a single economist polled by Bloomberg had predicted it), the People’s Bank of China (PBOC) has cut interest rates. The ease was only by 10 basis points, to the bank’s one-year lending rate, but it was still in the exact opposite direction to the monetary route being taken in the west and in the rest ...

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• 17 August

  British Airways staff back pay deal, amounting to 13% raise

  

  Bloomberg British Airways check-in staff approved a pay settlement that their union said amounts to a 13% raise, while Uber Technologies Inc agreed to raise fares in the UK to boost earnings for its drivers. BA employees “overwhelmingly backed” the settlement, the Unite union said, after announcing last month that an agreement had been reached to avert strikes at the ...

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