February, 2020

• 2 February

  Dubai region’s first to host Kauffman Fellowship Summit

  

  DUBAI / WAM Dubai will become the first city in the Middle East and North African (Mena), to host Kauffmann Fellows Summit, announced the Dubai Future Foundation on Sunday. The globally renowned non-profit fellowship programme will take place from February 9-12, as the Emirate of Dubai fortifies its reputation for convening the world’s top talent to power a knowledge-based economy. ...

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• 2 February

  Abu Dhabi Airports, ERC partner for humanitarian initiatives

  

  ABU DHABI / WAM Abu Dhabi Airports has announced the signing of a cooperation agreement with the Emirates Red Crescent (ERC) to enhance its role in community, charitable and humanitarian initiatives. The new agreement also defines frameworks of cooperation humanitarian services and fundraising and supports relevant government strategies at a local and international level. The signing took place during an ...

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• 2 February

  Abu Dhabi to scatter1m native wild plant seeds

  

  ABU DHABI / WAM More than one million seeds of native wild plant species will be scattered across Abu Dhabi by the Environment Agency – Abu Dhabi (EAD) across four different locations. The move comes as part of the EAD’s aim to rehabilitate natural habitats, support seed stock in different types of soils and enhance the plant cover of selected ...

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• 2 February

  First coronavirus death outside China reported in Philippines

  

  Bloomberg A 44-year-old Chinese male from Wuhan died in the Philippines on February 1 from the novel coronavirus, the first death recorded outside of China, the World Health Organization (WHO) said on Sunday. The man arrived in the Philippines on January 21 accompanying the country’s first confirmed case, a 38-year-old woman, after they had travelled from Wuhan via Hong Kong, ...

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• 2 February

  Modi’s budget falls short amid growth worries in India

  

  Bloomberg Indian PM Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan — delivered by finance minister Nirmala Sitharaman — proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and ...

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• 2 February

  Japan prosecutors issue arrest warrant to Ghosn

  

  Bloomberg Prosecutors in Tokyo issued a fresh warrant for the arrest of ex-Nissan Motor Co Chairman Carlos Ghosn, who jumped bail and fled the country last month to escape trial for alleged financial crimes. The Tokyo District Public Prosecutors Office issued the warrant on Ghosn for illegally departing Japan, where the former auto executive was charged with failing to fully ...

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• 2 February

  Huawei scouts Europe for tech startups

  

  Bloomberg Huawei Technologies Co is in talks about investing in European tech startups and contributing to research in a bid to secure its supply chain as tensions with the US escalate, people familiar with the matter said. In the final weeks of 2019, Huawei executives visited startups and venture capital firms in countries including Germany and France, they said. The ...

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• 2 February

  Samsung profit slides 38% with memory-chip slump

  

  Bloomberg Samsung Electronics Co reported a 38% decline in profit due to falling memory chip prices, a warning sign for the global technology industry as it navigates trade tensions and the coronavirus outbreak. Net income tumbled to 5.23 trillion won ($4.4 billion) for the three months ended in December, compared with the 5.31 trillion won average of projections. The miss ...

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• 2 February

  S African group to present $17b Eskom plan

  

  Bloomberg The Congress of South African Trade Unions (Cosatu), the nation’s biggest labour federation, will present its proposal to rescue state power company Eskom Holdings SOC to senior members of government and the business community on Monday. The union group, an ally of the ruling African National Congress, wants the government-owned pension fund, the Public Investment Corp, and state lenders, ...

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• 2 February

  Texas, Iowa installed most wind turbines than ever last year

  Bloomberg The top two US states for wind power installed their most turbines ever last year, helping push up nationwide capacity growth to a seven-year high as tax benefits sent developers rushing projects into service. Texas added almost 4 gigawatts and Iowa installed 1.7 gigawatts, expanding their lead in wind power capacity, according to a report from the American Wind ...

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