February, 2021

• 14 February

  Canada says it’s open to carbon tariffs

  

  Bloomberg Canadian Prime Minister Justin Trudeau’s government is examining the merits of carbon tariffs, a policy measure to tax goods from countries with weaker climate laws that’s won the support of Boris Johnson. The UK prime minister wants Group of Seven countries to discuss the idea of imposing levies on imported goods made in places that don’t have strong rules ...

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• 14 February

  Speculative traders add billions to ‘meme’ stocks at new records

  

  Bloomberg In a quiet week by 2021 standards, the speculative excesses that have defined this bull market hit new records with little fanfare. Wild trades from penny stocks and “meme” cryptocurrencies companies surged to all-time highs. US equity indexes rises anew. And skeptics on the everything rally found more reasons to fret over market froth. Stocks have added more than ...

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• 14 February

  Banks, property stocks could be losers from Singapore’s budget

  

  Bloomberg Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largesse. Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, Tuesday’s budget is set to focus on the pandemic-hit travel sector or firms with mandates in line ...

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• 14 February

  KU’s DhabiSat all set for launch from aboard Cygnus on Feb 20

  

  ABU DHABI / WAM Khalifa University of Science and Technology on Saturday announced DhabiSat, the second CubeSat, designed and developed by Khalifa University students with support from Al Yah Satellite Company (Yahsat) and Northrop Grumman, is getting ready for launch on February 20 from aboard the Cygnus spacecraft. The primary mission of the second CubeSat, previously known as MYSat-2, is ...

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• 14 February

  Brent posts fourth weekly gain with global surplus dwindling

  

  Bloomberg Oil in London climbed for a fourth straight week as efforts to clear an oil surplus are seen holding the market over until demand comes back in force. Global benchmark Brent futures surged the most since early January, while West Texas Intermediate crude flirted with $60 a barrel for the first time in more than a year. Signs of ...

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• 14 February

  ByteDance in talks to sell its Indian TikTok assets

  

  Bloomberg ByteDance Ltd is said to be exploring a sale of the India operations of TikTok to rival unicorn Glance, in an attempt to resuscitate the once-thriving short video sharing app that’s been banned indefinitely in the South Asian nation. The discussions have been initiated by Japan’s SoftBank Group Corp conglomerate, according to people familiar with the talks, who declined ...

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• 14 February

  Global Council for Tolerance and Peace publishes first book

  ABU DHABi / WAM A new achievement in fields of tolerance and peace has been recorded for the Global Council for Tolerance and Peace, publication of its first book, entitled “’Paths to a Culture of Tolerance and Peace”. The President of the Global Council for Tolerance and Peace, Ahmed Al Jarwan, stated that this book aims to increase feelings of ...

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• 14 February

  Dubai unveils electronic platform for railway engineering data

  

  DUBAI / WAM An electronic platform which contains railway engineering information, including 800,000 documents relating to assets of the Red and Green Lines of the Dubai Metro, has been launched. Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), launched the platform, also contains data about the Rail Agency, consultants, ...

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• 14 February

  Dewa gets highest score in global customer experience

  

  DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) announced that it has been awarded the highest score worldwide of 99.7 percent in the updated International Customer Experience Standard (ICXS2019) for the second consecutive year. The certificate, provided by the International Customer Experience Institute, is an international standard to evaluate the customer service experience in large organisations. It aims ...

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• 13 February

  HFZA to participate in Gulfood 2021

  SHARJAH / WAM The Hamriyah Free Zone Authority (HFZA) has confirmed its participation in the 26th edition of the Gulfood 2021 Exhibition, which will be held at Dubai World Trade Centre from February 21-25. During Gulfood 2021, the Free Zone Authority will highlight the numerous incentives and benefits provided to investors and companies, and its pivotal role in supporting the ...

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