August, 2021

• 18 August

  Pure Salmon establishes its global HQ in Abu Dhabi

  

  Abu Dhabi / WAM Pure Salmon, a global land-based salmon aquaculture company, prepares to establish its headquarters in the emirate of Abu Dhabi. A partnership between the Abu Dhabi Investment Office (ADIO) and Pure Salmon will see the company receive financial and non-financial incentives to expand local food sustainability efforts with its proven salmon farming technology. The partnership is part ...

  Read More »
• 18 August

  What Afghanistan’s fall means for Britain, Europe

  

  The rapid fall of Afghanistan to Taliban control presents the UK and its Nato allies with two primary dilemmas — the first is immediately pressing, the second has longer-term implications. The urgent task is to determine a policy for Afghans seeking refuge. Although there are many calls, from lawmakers and the media, to offer more support, asylum policy has been ...

  Read More »
• 18 August

  Next iPhones cater deftly to influencers

  

  For many consumers, this fall’s Apple Inc iPhone lineup may not be a “must have” with its modest improvements compared with last year’s big 5G upgrade. But the smartphone maker is doing something, well, smart. The company is focusing feature enhancements for its new models towards a key constituency: creators and influencers. And it will pay dividends. Last week, Bloomberg ...

  Read More »
• 18 August

  How a single Covid case derailed a central bank

  New Zealand made the right call to shelve a widely anticipated interest-rate increase. The central bank should resist the temptation to merely delay by a month or two. The global recovery has probably peaked and the most consequential monetary authorities in the world are loath to contemplate tightening for at least a year. This isn’t the time for New Zealand ...

  Read More »
• 18 August

  Tencent is ready to back its biggest investment

  Tencent Holdings Ltd’s $223 billion portfolio of shares helped it post record earnings in the June quarter. But with regulators on the warpath, the Chinese games and social media company will be looking to profit from a different type of investment: contrition. While most famous for its WeChat messenger and booming online games business, almost half its profit last quarter ...

  Read More »
• 18 August

  Walmart’s slowing e-comm, margin weigh as sales beat

  

  Bloomberg Walmart Inc’s pandemic-driven gains in e-commerce slowed last quarter and profit margin fell, raising questions about the retailer’s ability to maintain momentum even after it topped Wall Street’s sales expectations. The company’s US online sales rose 6% in the second quarter, the company said in a statement. That was down from earlier in the pandemic, when soaring e-commerce demand ...

  Read More »
• 18 August

  Mask mandate for US travellers extended

  

  Bloomberg US transportation and health agencies are extending the mask mandate for air passengers and other travellers until mid-January as the Delta variant of Covid-19 continues to surge. The sometimes controversial requirement for people to cover their faces on public forms of transportation had been set to expire on September 13. The Transportation Security Administration (TSA) said in an emailed ...

  Read More »
• 18 August

  Fall of Kabul: Afghan allies of US fear the worst

  

  Bloomberg President Joe Biden’s rapid pullout from Afghanistan has left thousands of Afghans who worked as translators and guides for the US military in a desperate race to escape the country to avoid being targeted by the Taliban. Amid the chaotic US withdrawal, Afghan allies are having to navigate complicated logistics and an overburdened bureaucracy to get visa paperwork in ...

  Read More »
• 18 August

  US reaffirms commitment to Taiwan

  

  Bloomberg The US has said it remains committed to Taiwan and other allies, pushing back at concerns about its resolve after its departure from Afghanistan led to the Taliban taking over Kabul. “We believe that our commitments to our allies and partners are sacrosanct and always have been,” National Security Advisor Jake Sullivan said during a press conference in Washington. ...

  Read More »
• 18 August

  Malaysia’s PM search yields 2 frontrunners

  Bloomberg Malaysia’s Barisan Nasional alliance has chosen former deputy prime minister Ismail Sabri Yaakob as the bloc’s choice for prime minister, Ahmad Maslan, secretary general of the United Malays National Organisation said in a tweet. “Only one name as prime minister candidate was sent by UMNO/BN MPs on 17/8/21 which is Ismail Sabri, MP for Bera,” he wrote on Wednesday. ...

  Read More »