December, 2020

• 27 December

  Bank of Russia warns on inflation risks as it holds rates

  

  Bloomberg The Bank of Russia warned growing risks of higher inflation may leave no room for further monetary easing after it kept the key rate unchanged at a third consecutive policy meeting. The key rate was kept at 4.25%, the lowest level on record, after 200 basis points of cuts earlier this year. The central bank left the door open ...

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• 26 December

  Worst luxury cars of 2020 are from Mercedes, Jaguar and Porsche

  

  Bloomberg The problem with writing an annual retrospective on the luxury cars that should have been better in 2020 is that the worst of them weren’t actually bad, they were just forgettable. Or underwhelming. When you consider that the worst cars in past decades would actually break down, blow up, or impale you upon impact, complaining about being forgettable or ...

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• 26 December

  Apple to build self-driving car for consumers by 2024

  

  Bloomberg Apple Inc. plans to build a self-driving car for consumers and is targeting 2024 to produce the vehicle, Reuters reported. The company is developing its own battery technology that could reduce the cost of power packs and extend the vehicle’s range, Reuters said Apple is tapping outside partners for elements of the system, including lidar sensors that provide autonomous ...

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• 26 December

  IBM buys Canadian firm to bolster payments offerings

  

  Bloomberg International Business Machines Corp. (IMBM) ought Expertus Technologies Inc., a Canadian financial-technology firm that helps process more than $50 billion in transactions a day, to bolster its electronic-payments capabilities. Closely held Expertus has been added to the IBM Global Business Services unit, the Armonk, New York-based buyer said in a statement. Financial terms of the deal weren’t disclosed. Banks worldwide ...

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• 26 December

  Facebook’s new tool to let fans pay celebs for face time

  

  Bloomberg Facebook Inc. is building a new video product that will let people pay content creators or celebrities for the chance to interact with them during a live broadcast. The tool, called Super, will let creators, entrepreneurs or celebrities host live, interactive video events. Viewers can tip creators by buying them digital gifts, or pay to “appear” alongside a creator ...

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• 26 December

  Car purchases drive 6th straight Canadian retail sales gain in Oct

  Bloomberg Retail sales in Canada came in better than expected in October as more people bought cars, underscoring the effects of government income support and a recovering labour market. Sales climbed 0.4% from the prior month, Statistics Canada said in Ottawa, the sixth-straight monthly increase. Economists predicted no change. The September figure was revised to a gain of 1.9% from ...

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• 24 December

  Dubai launches Covid-19 vaccination campaign

  

  DUBAI / WAM The Dubai Health Authority (DHA), in coordination with Dubai’s Supreme Committee of Crisis and Disaster Management and Covid-19 Command and Control Centre announced on Wednesday that it has commenced its Covid-19 vaccination campaign. The campaign will see the DHA providing the Pfizer- BioNTech vaccination, which has recently been approved for use by the Food and Drug Administration ...

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• 24 December

  DP World signs AED4.15b deal to develop new Senegal port

  

  DUBAI/ DAKAR / WAM Trade enabler DP World, and the Government of Senegal, have signed agreements for the development of a deepwater port at Ndayane, approximately 50 kilometres (km) from the existing port and near the Blaise Diagne international airport. The new port will further reinforce Dakar’s role as a major logistics hub and gateway to West and North-West Africa. ...

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• 24 December

  Ruler of Sharjah organises Sharjah Museums Authority

  SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued a law concerning the organisation of the Sharjah Museums Authority (SMA). Law No. (7) of 2020 stipulates that the SMA shall enjoy the legal personality and the full capacity necessary to undertake all actions that ensure the achievement of its ...

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• 24 December

  Aldar sells two district cooling assets to Tabreed

  

  ABU DHABI / WAM Aldar Properties PJSC has signed an agreement to divest its two district cooling assets on Abu Dhabi’s Saadiyat Island to National Central Cooling Company PJSC (Tabreed) for a total consideration of AED 963 million. Aldar had purchased a 100 percent stake in Saadiyat District Cooling LLC (SDCL) and an 85 percent stake in Saadiyat Cooling LLC ...

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