December, 2021

• 6 December

  Dewa launches EV green charger user dashboard

  

  DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) launched the EV Green Charger User Dashboard to help customers better manage their EV Green Charger services. The dashboard enables customers to easily track their charging and consumption data through Dewa’s website or smart app. The dashboard provides customers with a complete record of bill payments, consumption information, charging transactions, ...

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• 6 December

  Expo 2020 Dubai records 5.66m visits

  DUBAI / WAM Expo 2020 Dubai has seen a staggering 5,663,960 visits up to December 5, since it first opened on October 1, with recent figures buoyed by the UAE’s Golden Jubilee festivities and a raft of spectacular sport, music and cultural performances. During October and November, a total of 5,383 government leaders, including presidents, heads of state, prime ministers ...

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• 6 December

  Can an artificial intelligence group stand up to Google?

  

  Artificial intelligence isn’t always so smart. It has amplified outrage on social media and struggled to flag hate speech. It has designated engineers as male and nurses as female when translating language. It has failed to recognise people with darker skin tones when matching faces. Systems powered by machine learning are amassing greater influence on human life, and while they ...

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• 6 December

  Is Meta’s Giphy deal an antitrust omen?

  

  For years, Facebook and other large technology companies grew into vast digital conglomerates by making so-called killer acquisitions, small deals for companies that could one day pose a competitive threat. Internal emails between executives at Facebook show CEO  Mark Zuckerberg and his executive team were quaking at their keyboards in 2012 as they watched WhatsApp grow to dominate the market ...

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• 6 December

  Canceling investors won’t fix UK’s market

  A prominent hedge fund manager has a provocative idea to fix the UK stock market’s addiction to dividends — abolish income funds. Paul Marshall, co-founder of Marshall Wace, blames them for starving the biggest London-listed companies of the investment needed to fuel growth. It’s a novel solution to a longstanding problem. Shares in the FTSE 250 index of mid-sized companies ...

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• 6 December

  Powell’s fight against inflation is working

  Faced with higher-than-expected inflation, Federal Reserve officials have spent the past couple of weeks outlining their plans to do something about it. That may not sound like much, but it’s already working: As it turns out, simply talking about reducing inflation can itself reduce inflation. Specifically, Fed officials have indicated that they are likely to accelerate the winding down of ...

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• 6 December

  Didi warns Chinese investors who bet ‘the worst was over’

  

  Bloomberg Even by the volatile standards of Chinese stocks, the swings in Didi Global were extraordinary. In the span of just a few hours, shares of the ride-hailing giant flipped from a 16% gain to a 12% loss, bounced back into positive territory, then turned lower yet again. And that was all before the opening bell in New York. By ...

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• 6 December

  Bain, Baring vying for $2b outsourcing company VXI

  

  Bloomberg Bain Capital and Baring Private Equity Asia are among firms considering bids to acquire an outsourcing business from their private equity rival Carlyle Group Inc, according to people familiar with the matter. A sale of VXI Global Solutions is entering the final stages and a buyer could emerge as early as in the coming weeks, the people said, asking ...

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• 6 December

  Chinese auto parts maker says products involved in Tesla recall

  Bloomberg Ningbo Tuopu Group Co said it was the supplier of parts that prompted recent recalls of Tesla Inc Model Y cars in China and the US. Some front- and rear-suspension knuckles weren’t completely immersed in a liquid during the heating process, the Chinese auto-parts maker said in an exchange filing . The potential of any knuckle being defective might ...

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• 6 December

  SoftBank slumps 9% in Tokyo after week of bad portfolio news

  

  Bloomberg SoftBank Group Corp extended a six-day slump with another drop of as much as 9% in Tokyo as key companies in its portfolio delivered further bad news. Chinese ride-hailing giant Didi Global Inc began preparations to withdraw from US stock exchanges, shortly after the US Federal Trade Commission sued to block SoftBank’s sale of Arm Ltd to Nvidia Corp ...

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