July, 2021

• 4 July

  Eighty-year-old Japan’s firm may be key to next-gen chips

  

  Bloomberg One Japanese company that got its start making grinding wheels for machinery more than 80 years ago believes it holds the key to helping manufacturers create ever slimmer and more powerful semiconductors to power next-generation mobile phones and advanced computers. Disco Corp’s machines can grind a silicon wafer down to a near-transparent thinness and cut the tip of a ...

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• 4 July

  Tesla smashes record, delivers 201,250 cars across world in Q2

  

  Bloomberg Tesla Inc delivered 201,250 cars worldwide in the second quarter, a record for the electric-car maker led by Chief Executive Officer Elon Musk. While the company doesn’t break out sales by region, business appeared healthy in China. The bulk of the period’s sales were of the Model 3 sedan and the Model Y crossover, which are produced in Shanghai ...

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• 4 July

  Big tech gears up for a massive fight with India

  

  Bloomberg India is growing increasingly assertive in its efforts to control online communications, challenging Twitter and Facebook’s practices and threatening to set a precedent that could extend far beyond its borders. The largest US internet firms are fighting new Intermediary rules issued by Narendra Modi’s government in February that they say curtail privacy and free speech. Officials have demanded Facebook ...

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• 4 July

  Renault aims to cut battery costs by 60%

  Bloomberg Renault SA aims to cut the cost of its batteries by 60% over the next decade as the French carmaker ramps up production of electric vehicles in Europe. Renault also plans to lower the costs of its electric motors by 30%, make them more compact and extend their range, the company said in a statement. “The Renault brand aims ...

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• 1 July

  Etisalat announces ambitious plans to develop 6G network

  

  ABU DHABI / WAM In yet another global milestone, Etisalat on Wednesday announced its foray into the next generation of the mobile network with considerable efforts towards 6G realisation, conducting research and developing international standards, the main building blocks for the 6G ecosystem. Haitham Abdulazzak, Chief Technology Officer at Etisalat, shared these insights during his address at the session titled ...

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• 1 July

  Global tourism crash to cause $4trn loss to world economy

  

  Geneva / WAM The impact of the Covid-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body UNCTAD said on Wednesday in a report issued jointly with the UN World Tourism Organisation (UNWTO). The estimate is based on losses caused by the pandemic’s direct impact on tourism and ...

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• 1 July

  Hope probe captures global images of Mars’ aurora

  Dubai / WAM The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by an Arab nation, on Wednesday released the first global images of Mars in the far-ultraviolet, providing new insights into the discrete aurora phenomenon in Mars’ nightside atmosphere. The images have revolutionary implications for our understanding of the interactions between solar radiation, Mars’ magnetic fields and the ...

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• 1 July

  UAE-Israel trade stands at AED2.48bn in 10 months

  

  ABU DHABI / WAM Israel-UAE bilateral trade has reached over AED2.48 billion ($675.22 million), within ten months of signing the Abraham Accords in September 2020, according to Israel’s top diplomat. In an exclusive interview with Emirates News Agency (WAM), Israel’s Foreign Minister Yair Lapid said, “It is estimated that the bilateral trade potential will multiply many times over in the ...

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• 1 July

  Mubadala, Bpifrance to invest up to €350mn in African companies

  

  ABU DHABI / WAM Bpifrance, the French national investment bank, and Mubadala Investment Company (Mubadala) announced the signing of a Memorandum of Understanding (MoU) to launch a new co-investment partnership dedicated to African private equity. The two companies will aim to deploy up to EUR 350 million through fund and direct investments in private equity and venture capital, with a ...

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• 1 July

  EDB, FAB join hands on co-lending plan for SMEs

  

  ABU DHABI / Emirates Business Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has entered into a Memoradum of Understanding (MoU) with First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, on Credit Guarantee and Co-lending programs for SMEs in the ...

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