June, 2021

• 24 June

  Covid-19: Uber to offer free rides for people seeking vaccination

  Dubai / WAM Uber announced on Wednesday that it is offering free rides to people looking to receive Covid-19 vaccination in Dubai and Abu Dhabi, as part of its support for the UAE’s vaccination drive aimed at containing the spread of the virus. Riders will be able to avail two free Uber rides, up to AED60 each to and from ...

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• 24 June

  Etihad Cargo, EFL Global deliver vital antiretroviral drugs to Brazil

  

  ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, and global supply chain company EFL Global, have successfully carried a vital consignment of antiretroviral drugs from India to Brazil. The shipment, which weighed more than 55,000kg, was transported on behalf of a leading manufacturer headquartered in Hyderabad and delivered to Sao-Paulo-Guarulhos International ...

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• 24 June

  Nasdaq Dubai welcomes dual-listing of 3iQ’s ‘The Bitcoin Fund’

  

  Dubai / WAM 3iQ Corp, Canada’s largest digital asset investment fund manager with more than C$2.5 billion in assets under management, on Wednesday officially listed “The Bitcoin Fund”, (Trading Symbol: QBTC), on Nasdaq Dubai, the region’s international exchange. The regulated Bitcoin-based exchange-traded product is the first listed digital asset-based fund in the Middle East and North Africa (Mena) region. The ...

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• 24 June

  Australia rejects green hub proposal on environment risks

  

  Bloomberg One of the world’s biggest fossil fuels exporters rejected a proposal to build a massive renewable energy hub over concern about its environmental impact. Asian Renewable Energy Hub, which planned 26-gigawatts of wind and solar generation to produce hydrogen and ammonia, would have disrupted tidal movements and impacted habitats and lifecycle of native species, according to a statement from ...

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• 24 June

  Mozambique to sell majority of dam stake

  Bloomberg Mozambique plans to sell a majority stake in the planned $2.4 billion Mphanda Nkuwa hydropower dam that will be one of the biggest in southern Africa, according to Carlos Yum, the director in charge of the project. The government will issue a request for proposals this year, and will take up to four months to select the winner and ...

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• 24 June

  Is Brexit working in UK’s favour 5 years after vote?

  

  It’s been five years since UK citizens voted to exit the European Union and almost 200 days since they belatedly departed. The decision looks to be working in the UK’s favour — at least on the surface. The economy will grow 6.4% in 2021, second-best among the Group of Eight developed countries, followed by a G-8 leading 5.4% gain in ...

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• 24 June

  Can airline bailouts help airport chaos?

  

  The recent weekend chaos at US airports has left some wondering what the point was of bailing out the airline industry during the pandemic. But the hundreds of cancelled flights at American Airlines Group show why that aid was needed in the first place. American scrapped about 775 flights over the weekend and into June 21 as bad weather exacerbated ...

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• 24 June

  Europe is hitting Google where it hurts the most

  Forget the $9 billion of fines that came before. They barely scratched the surface. For Google, this is the big one. The European Commission announced a formal probe into the search giant’s practices in online advertising. After years of antitrust investigations, this is by a country mile the most important, because it focuses on how Google actually makes most of ...

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• 24 June

  Bank of England may beat Fed to tapering

  With global inflation set to accelerate, investors accustomed to stimulus-buoyed asset prices are assessing which major central bank will be first to turn off the taps. Although attention has focused on the Federal Reserve, the Bank of England (BOE) could well initiate stepping off the monetary accelerator. The UK economy is already poised to grow by more than 7% this ...

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• 24 June

  EV maker Xpeng gets nod for $2b Hong Kong listing

  

  Bloomberg New York-traded electric vehicle maker Xpeng Inc has received the green light from the Hong Kong stock exchange to list in the city, the latest homecoming share sale by a Chinese company. The company submitted an updated listing document on Wednesday, indicating it has won the bourse’s approval. The filing, which confirmed an earlier Bloomberg News report, didn’t specify ...

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