November, 2021

• 20 November

  Global shipping under pressure to ease pollution after COP 26

  

  Bloomberg Global talks on how to clean up shipping are set to begin on Monday as momentum builds to cut pollution from the sector. The International Maritime Organisation (IM)) is under pressure to do something,” said Edmund Hughes, who was previously responsible for greenhouse gas emissions at the United Nations body, which is shipping’s global regulator and the host of ...

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• 20 November

  Canada’s retail sales rise in October

  Bloomberg Canadian retail sales rebounded in October after slipping a month earlier, a sign of robust consumer spending. Retailers sold 1.0% more goods in October, according to preliminary estimates released Friday by Statistics Canada. That more than offset a 0.6% drop in September, a month hampered by supply chain bottlenecks. The decline in September was smaller than the 1.9% contraction ...

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• 20 November

  BMW sees full-year earnings at higher end of guidance

  

  Bloomberg BMW AG’s Chief Financial Officer Nicolas Peter expects full-year earnings near the upper end of the company’s guidance as higher vehicle prices offset production outages stemming from the dearth of chips. BMW’s returns from automaking will likely be at the higher end of the 9.5% to 10.5% of sales the company projected in September, the CFO said. While BMW ...

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• 20 November

  Google’s next trillion would come from search, AI: CEO

  

  Bloomberg While many other technology giants embrace the metaverse as the next frontier of growth, Sundar Pichai sees Google’s future in its oldest offering: internet search. “I feel fortunate our mission is timeless,” Pichai, who is chief executive officer of Google and its parent, Alphabet Inc, said in an interview with Bloomberg Television’s Emily Chang for the Bloomberg New Economy ...

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• 20 November

  Microsoft opens three Swedish data hubs using only green power

  

  Bloomberg Microsoft Corp has turned on a series of data centers at three sites in Sweden that run entirely on green energy through a partnership with state-owned utility Vattenfall AB. The Swedish computer halls, covering a total area of nearly 900 acres, are the latest in the company’s expansion to meet the huge appetite from businesses for secure cloud services. ...

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• 20 November

  Audi weighs tie-up with McLaren

  

  Bloomberg Audi is exploring deals with British sports car-maker McLaren Group as the German manufacturer looks for ways to enter Formula 1 racing and promote its electric-car technology. The manufacturer plans to study the financials of McLaren in the coming weeks to help decide on potential transactions, according to people familiar with the matter. Volkswagen AG’s premium brand previously floated ...

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• 20 November

  Apple plans to launch fully self-driving car by 2025

  

  Bloomberg After seven years of false starts, delays and management changes, Apple is going full throttle on developing an electric car. Under its new leader, Apple Watch software chief Kevin Lynch, the team behind the car project is now pushing hard to debut a product by 2025. It’s trying to build a vehicle that, without a steering wheel and pedals, ...

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• 18 November

  UAE leaders condole death of South Africa’s former president

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to South African President Cyril Ramaphosa on the death of the country’s former president Frederick de Klerk. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mohamed bin ...

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• 18 November

  GMIS to host three country-focused conferences to foster innovation

  

  DUBAI / WAM The Global Manufacturing and Industrialisation Summit (GMIS) on Wednesday announced that it will host three country-focused conferences in partnership with the United Kingdom, Australia and Italy. The summit will highlight the main drivers of development in manufacturing, encourage greater cross-border investment, foster innovation, and drive global skills development. The conferences will draw on global leaders from government ...

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• 18 November

  Dubai Airshow: UAE Armed Forces ink AED22bn deals

  

  DUBAI / WAM On the fourth day of the Dubai Airshow 2021, the Ministry of Defence announced the conclusion of seven deals worth AED1,742,429,000.00 with local and international companies. This brings the total deals concluded during the first four days to 23 deals, with a total value of AED22, 523,874,000.00. The deals of the first day amounted to AED5,239,207,000.00, the ...

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