January, 2022

• 28 January

  Noura Al Kaabi meets UAE theatre personalities

    Abu Dhabi / WAM The Ministry of Culture and Youth organised a consultative meeting of Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, with a group of Emirati playwrights to discuss the Ministry’s projects to support the growth of theatre in the country. The group discussed how the ministry could help enrich the theatre scene in the ...

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• 28 January

  GBF Latam to explore prospects for new economic partnerships

  

    Dubai / WAM As Latin American and Caribbean countries begin to emerge from the pandemic, public and private sector stakeholders in these markets are increasingly looking to build and strengthen economic partnerships and boost international cooperation, and such prospects will be a key focus of the fourth edition of the Global Business Forum Latin America (GBF Latam) in Dubai. ...

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• 28 January

  Sodium is Ambani’s big battery bet in EV race

  

    From smartphones to Tesla Inc cars, lithium-ion batteries are everywhere. But when Asia’s richest man went shopping in England with 100 million pounds ($136 million), he came back with humble sodium. Sodium-ion is not a bad choice for Mukesh Ambani to kick off his power-storage gigafactory. For one thing, the earth’s crust has 300 times more sodium than lithium. ...

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• 28 January

  SoftBank didn’t need a broken arm

  

  Just because the failure of SoftBank Group Corp’s sale of Arm Ltd. to Nvidia Corp. seemed inevitable, it doesn’t mean the scuttled deal is any less painful. Executives at Nvidia, the most valuable US chip company, have started telling people that it doesn’t expect to close the $40 billion purchase announced in September 2020, Bloomberg News reported. SoftBank, which was ...

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• 28 January

  Money market funds need this fix from SEC

  Yet again, the Securities and Exchange Commission (SEC) is aiming to address one of the weakest links in the US financial system: money market mutual funds, the object of at least two reform efforts and two major federal rescues in as many decades. This time around, regulators might actually be getting it right. Money market funds emerged in the 1970s ...

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• 28 January

  China should prepare to live with Covid-19

  More than two years into the Covid-19 pandemic, China is the last major nation pursuing a zero-tolerance strategy, seeking to extinguish outbreaks as soon as individual cases emerge. That policy looks increasingly unsustainable. Chinese leaders should prepare now for a change in course. The emergence of the highly transmissible omicron variant is already testing the government’s approach. Local officials have ...

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• 28 January

  Tata Sons takes over Air India after years of taxpayer bailouts

  

    Bloomberg Tata Sons Pvt formally took charge of debt-laden Air India Ltd., ending years of failed attempts to sell the money-losing airline that has been kept afloat with billions of dollars of taxpayer money. “It is indeed noteworthy that the disinvestment process of @airindiain has been brought to a successful conclusion in a time-bound manner,” aviation minister Jyotiraditya Scindia ...

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• 28 January

  HK keeps flight ban, cuts quarantine by one week

  

    Bloomberg Hong Kong will shorten its quarantine requirement for inbound travelers by a week, but extended a ban on people coming from eight countries as a record number of infections stresses the city’s infrastructure. The shorter quarantine period will begin from February 5, and will see travelers stay in a hotel for 14 days and then undertake seven days ...

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• 28 January

  Amazon union has sufficient signatures for New York vote

  

      Bloomberg Amazon.com Inc workers at a facility in Staten Island, New York, have collected enough signatures to hold an election on whether to join a union, according to US labor officials. There is “sufficient showing” to proceed with a petition from the fledgling Amazon Labor Union, a National Labor Relations Board representative said in an email. The ALU ...

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• 28 January

  Retail dip-buyers get whiplashed big time by historic volatility

  

    Bloomberg Retail investors who netted billions in the legendary pandemic bull market are getting schooled on stock volatility at long last, as the rates-fueled rout resumes. When major major indexes were in free fall Monday, mom and pop offloaded a net $1.5 billion worth of stock by noon, according to data compiled by JPMorgan Chase & Co. strategist Peng ...

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