August, 2021

• 22 August

  Ford updates its cash-cow Lincoln Navigator, but skips electric power

  

  Bloomberg Ford Motor Co.’s Lincoln luxury division is updating the cash-cow Navigator SUV with hands-free driving technology and refreshing the styling. But the automaker isn’t adding a feature it has been touting lately —electric power. With new competition coming from the updated Jeep Grand Wagoneer, Lincoln is giving its flagship vehicle a reboot, adding creature comforts like second-row seats that ...

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• 22 August

  Google offers larger screen and battery to its cheapest 5G phone

  

  Bloomberg Google’s latest entry-level 5G smartphone will offer a larger screen, water resistance and a bigger battery as the company tries to woo budget-minded shoppers and increase its modest market share. The $449 Pixel 5a costs $50 less than last year’s Pixel 4a 5G with a limited update of features and a small downgrade in 5G standards support. It’s still ...

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• 22 August

  Tencent sales grow slowest in two years

  

  Bloomberg Tencent Holding Ltd.’s revenue increased at its slowest pace since 2019 after China’s expanding tech crackdown hit its mobile gaming empire, overshadowing newer businesses from cloud to social ads. Beijing’s months-long crackdown has ignited a trillion-dollar selloff in Chinese equities, up-ended online education and also pumped the brakes on growth across a swath of industries from advertising to car-sharing. ...

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• 22 August

  GM recalls all Bolt EVs on fire risk; sees $1bn cost

  Bloomberg General Motors Co (GM) is recalling more than 73,000 of its Bolt electric vehicles at a cost of $1 billion due to the risk of their batteries catching fire. The recall is an expansion of a similar action the company took last month when it discovered a defect in battery that powers the EV. The move covers all Bolt EVs ...

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• 21 August

  Nissan debuts seventh generation of iconic Z sports car

  

  Bloomberg Nissan Motor Co debuted the latest edition of its Z series coupe in New York, marking the seventh generation of a sports-car line that was introduced in 1969 as the Fairlady Z in Japan and the Datsun 240Z in the US. The new Z is the first refresh of the two-door platform in over a decade and will be ...

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• 19 August

  Sheikh Mohammed announces golden visas for humanitarians

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday announced that the UAE would offer Golden Visas to charity and humanitarian aid workers in recognition of their efforts and sacrifices. The announcement made by HH Sheikh Mohammed to provide long-term residence visas to humanitarian ...

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• 18 August

  Abu Dhabi’s Adnoc sells blue ammonia to Japan’s Inpex

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday that, in partnership with Fertiglobe, it has sold a cargo of blue ammonia to Inpex in Japan, for use in power generation applications. The sale builds upon recently announced joint efforts to enhance industrial cooperation between the UAE and Japan and support the development of new ...

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• 18 August

  ERC’s projects, programs valued at AED487.7mn

  ABU DHABI / WAM The value of humanitarian programmes, relief operations, development projects, reconstruction programmes and orphan support initiatives launched by Emirates Red Crescent (ERC) totalled AED487,781,498, benefitting 14 million people in the UAE and 51 other countries. In the first half of 2021, the value of the ERC’s local projects in several key sectors amounted to some AED92 million ...

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• 18 August

  Abu Dhabi builds region’s first quantum computer

  

  ABU DHABI / WAM Abu Dhabi’s Technology Innovation Institute (TII) has unboxed the cryostat – the initial frame of its quantum computer that is being assembled in the UAE capital. TII’s Quantum Research Centre (QRC) is spearheading the landmark advanced technology project that aims to give the world a quantum advantage through developing a supercomputer with exponential computational capabilities. Two ...

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• 18 August

  WTO says record global trade in goods might be nearing a peak

  

  Bloomberg Global trade in goods might be close to plateauing — albeit at a record level — amid an outlook clouded by regional imbalances and coronavirus outbreaks that slow economic activity, the World Trade Organisation (WTO) said. The Geneva-based trade body’s goods trade barometer rises to 110.4 in March, the highest in records going back to 2016, according to a ...

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