August, 2021

• 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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• 18 August

  Oil climbs with US stockpiles in focus

  

  Bloomberg Oil snapped a run of declines as a US industry report pointed to a drop in domestic crude stockpiles. West Texas Intermediate rises 0.5% after a four-day losing run that was the longest since March. The American Petroleum Institute reported that crude inventories fell 1.16 million barrels last week, including a draw at the key storage hub in Cushing, ...

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• 18 August

  Emirates signs codeshare deal with Brazil’s Azul

  DUBAI / WAM Emirates signed a codeshare agreement with Azul Linhas Aereas Brasileiras SA (Azul), which will allow customers to seamlessly connect to and from eight cities in Brazil to Emirates’ global network via Sao Paulo. The codeshare agreement has been approved by the Brazilian Federal Aviation Agency. Under the codeshare, customers will be able to connect to and from ...

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• 18 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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