July, 2021

• 4 July

  Adafsa, Rabdan Academy sign agreement

  Abu Dhabi / WAM Under the directives of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of the Board of Directors of the Abu Dhabi Agriculture and Food Safety Authority (Adafsa), the Authority has signed an agreement with Rabdan Academy aimed at providing advisory services and developing training for the Alternative ...

  Read More »
• 4 July

  UAE, Israel ink deal to increase cooperation in healthcare sector

  

  Abu Dhabi / WAM Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate of Abu Dhabi, signed a Memorandum of Understanding (MoU) on Saturday with Clalit Health Services, the largest health maintenance organisation in Israel and second largest globally. The MoU aims to pave the way for further cooperation between the two countries ...

  Read More »
• 4 July

  Didi wants Wall Street, Beijing both on its side

  

  Didi Global Inc is bringing its dominant ride-hailing position in China to the US stock market. While the Beijing-based company’s 80% share of the sector has made it attractive to Wall Street investors, that dominance has also brought on an investigation by China’s competition authorities. Didi seems to have decided to navigate between those two interests by driving through the ...

  Read More »
• 4 July

  Heat domes, a warning on climate costs

  

  The unprecedented heat wave that recently gripped the Pacific Northwest demonstrates a crucial fact about climate change that most people don’t seem to appreciate yet: This will not be a smooth, predictable event. In addition to new costs that can be anticipated, climate change creates enormous risks that may result in a far higher price tag to the global economy, ...

  Read More »
• 4 July

  Apple’s iPhone security is at risk from Congress

  Apple Inc is feeling the heat. Regulators and lawmakers are circling the technology giant, threatening to crack down on its business practices and, conceivably, challenge the fundamental nature of how its mobile platform works. The company, naturally, has mounted a spirited defense claiming its policies protect users’ privacy and security. It’s worth carefully considering their argument: If they’re right, the ...

  Read More »
• 4 July

  The rickety politics of US infrastructure bill

  The political maneuvering about infrastructure is getting pretty strange, what with President Joe Biden first cheering a bipartisan bill, then threatening to veto it, and then taking back the veto threat in the span of two days. When the action on stage gets hard to follow, it can be helpful to review the main characters and their motivations. The 21 ...

  Read More »
• 4 July

  Rolls-Royce aims to resolve its costliest jet-engine issue

  

  Bloomberg Rolls-Royce Holdings Plc is increasingly optimistic that it can move beyond the jet-engine issues that have cost it billions of pounds and provided an unwelcome distraction during years of restructuring work. Final fixes to a litany of glitches that plagued the Trent 1000 turbine powering Boeing Co’s 787 Dreamliner should be made this year, engineering and technology director Simon ...

  Read More »
• 4 July

  Fortress to buy Wm Morrison for $8.7b

  

  Bloomberg Fortress Investment Group agreed to buy Wm Morrison Supermarket Plc for about 6.3 billion pounds ($8.7 billion), trumping an earlier bid from Clayton Dubilier & Rice. The all-cash agreement by a group led by Fortress, a SoftBank Group Corp subsidiary, follows the UK supermarket chain’s rejection of CD&R’s 5.5 billion-pound offer last month. It’s the latest in a flurry ...

  Read More »
• 4 July

  Lion Air struggling to pay to lessors on some of its planes

  

  Bloomberg PT Lion Mentari Airlines is struggling to make payments to lessors on some of its planes, according to people familiar with the matter, as the pandemic tips it ever closer to financial peril. Indonesia’s largest discount carrier has grounded some 25 aircraft because it hasn’t paid lessors that are owed at least $500 million, one of the people said, ...

  Read More »
• 4 July

  Global carriers gear up again to bridge Atlantic divide

  

  Bloomberg The lucrative North Atlantic flight corridor that links European tourism and business meccas like Paris and London with the US has been starved for traffic for the past 18 months, depriving some of the world’s biggest airlines of revenue from their most profitable journeys. Now carriers including Emirates, United Airlines Holdings Inc and British Airways are gearing up again, ...

  Read More »