August, 2021

• 11 August

  Dubai Chamber exports, re-exports to West Africa up 42% in 5 months of 2021

  

  DUBAI / WAM Dubai Chamber member companies’ exports and re-exports to West Africa surged by 42 percent in the first five months of 2021 to reach a record $387 million, fuelled by a recovery in trade activity, according to a recent analysis. The analysis was released by Dubai Chamber of Commerce and Industry as it prepares to host 6th Global ...

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• 11 August

  Digital Dewa, du launch region’s first industrial 5G slicing

  

  DUBAI / WAM Digital DEWA — the digital arm of Dubai Electricity and Water Authority (Dewa), one of Dubai 10X Initiative — and du, from Emirates Integrated Telecommunications Company (EITC), have entered a strategic partnership which resulted in the implementation of the region’s first Industrial private 5G slicing through 5G stand-alone (SA) technology. Through the collaboration, Digital Dewa’s InfraX, the ...

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• 11 August

  India isn’t ready for yet another Covid-19 wave

  

  Memories of India’s devastating second wave of Covid-19 are slowly receding. The pandemic has once again fallen out of the headlines; malls and mountain resorts are crowded with shoppers and tourists. Business activity is nearly back to pre-pandemic levels, as it had been just before the second wave hit in March. In fact, just like then, many Indians seem to ...

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• 11 August

  Buffett calls it right on EV batteries

  

  Warren Buffett gets lots of investments right with his patient and deliberate buy-and-hold strategy. And it’s becoming apparent that he’s doing it again with electric vehicles. For investors pouring money into the technology, it would be wise to consider how the Sage of Omaha has looked into the future of the sector. The value of Berkshire Hathaway Inc’s holdings in ...

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• 11 August

  Should executive pay reflect firm’s progress?

  Most people agree that executive pay should reflect their firm’s progress on diversity. That’s easier to say than to do. Measuring financial performance objectively is pretty straightforward, and scoring climate credentials isn’t the headache it once was. But rewarding inclusion will necessarily be subjective. It’s unclear investors are ready to trust corporate boards to exercise such judgement given their track ...

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• 11 August

  Big Oil finds climate has changed forever!

  It might seem as if the combination of oil selling off just as the latest United Nations climate-change assessment landed represents a sudden realisation about the hidden costs of fossil fuels. But oil never sells off because we’re using too much of it. The latest drop is tied to that other natural disaster, the pandemic, and what Delta might do ...

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• 11 August

  Philippine economy cools as lockdowns linger to halt virus

  

  Bloomberg The Philippine economy fell back into contraction in the second quarter compared to the previous three months, as elevated numbers of Covid cases and extended lockdowns place the nation among Asia’s laggards. Gross domestic product (GDP) shrank a seasonally adjusted 1.3% in April-June from the previous quarter, the country’s statistics agency said, compared to the 1.1% contraction expected by ...

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• 11 August

  Renault signs pact with Geely to fill void in China

  

  Bloomberg Renault SA signed an agreement with Geely Holding, China’s largest privately owned auto group, to help the French carmaker reestablish a presence in the world’s biggest vehicle market. The companies will jointly introduce Renault-branded hybrid vehicles in China, according to a statement. They’ll also explore selling cars based on Geely’s Lynk & Co vehicle platforms in South Korea, where ...

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• 11 August

  Covid response ordered on Indonesia’s outer islands

  Bloomberg Indonesian President Joko Widodo ordered law enforcement and local officials on the nation’s outer islands to take immediate actions, including restrictions on movements and isolation for infected people, to stem an increase in Covid-19 cases. As of last week, new infections in areas outside Java and Bali accounted for 54% of the nationwide total, up from 44% at the ...

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• 11 August

  UpGrad scores $185mn to join India’s edtech unicorns

  

  Bloomberg UpGrad has raised $185 million from Temasek Holdings Pte and other investors over a span of a few months this year, garnering a valuation of $1.2 billion that ranks it as India’s third-largest edtech unicorn. The higher education startup doubled in valuation within 60 days of its first financing round of $120 million from Temasek, later adding another $65 ...

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