August, 2019

• 5 August

  Youth represent 33 percent of electorate: NEC

  ABU DHABI / WAM The National Elections Committee (NEC) said that young individuals — aged between 21 and 33 — represent around 33 percent of the registered electorate, adding that 100,000 young people out of a total of 337,738 citizens, are participating in the current round of the Federal National Council (FNC) election. The NEC also stressed that its electoral ...

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• 5 August

  Brazil open to BRICS-like bloc with Gulf states

  ABU DHABI / WAM Brazil would welcome a BRICS-like bloc with the Gulf states to work towards achi- eving common goals, according to an influential Brazilian Congressman. Brazil is the current chair of the BRICS, an informal association of five major emerging economies: Brazil, Russia, India, China and South Africa. “We are open to new markets and new opportunities; therefore, ...

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• 5 August

  Dewa inks deal on solar research, development

  

  DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) announced its cooperation with Stanford University in numerous research and development fields involving researchers at its Research and Development Centre through its membership in the university’s ‘Energy 3.0 Programme’. The fields of research include radiation cooling to improve the efficiency and performance of solar panels, utilisation of autonomous robots in ...

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• 5 August

  Emirati food on International Space Station for the first time in history

  

  DUBAI / WAM The Mohammed bin Rashid Space Centre (MBRSC) announced that Hazzaa Al Mansoori, the UAE’s first astronaut to travel to the International Space Station (ISS) on September 25, will host a traditional Emirati food night at the station. Al Mansoori will be dressed in the traditional Emirati clothes, and will offer his fellow astronauts three Emirati foods — ...

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• 5 August

  New Japanese flying car gets off the ground, for about a minute

  

  Bloomberg It was caged and only hovered for about a minute, but it flew: a new flying car. Made by NEC Corp., the vehicle is essentially a large drone with four propellers that’s capable of carrying people. The Japanese electronics maker demonstrated the machine, flying without a passenger, at a Tokyo suburb on Monday. Powered by a battery, it rose ...

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• 5 August

  India’s gold imports hit 3-year low

  Bloomberg Gold imports by India in July tumbled to the lowest monthly inflow in more than three years as demand paused following record high prices in the domestic market. Overseas purchases fell 69% to 20.4 tons in July from 65.6 tons a year earlier, according to a person familiar with the data, who asked not to be identified as the ...

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• 5 August

  Japan-South Korea trade spat may claim chips, car makers

  

  Bloomberg Samsung Electronics Co., the world’s largest memory chipmaker, is already reeling from Japan’s export curbs on three key materials needed to make semiconductors. An expanded list that includes machine technology could make it even harder for Samsung and South Korean carmakers to make their chips and cars (CNCs). The list of products being exported to Korea that could meet ...

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• 5 August

  Malaysia voices trust in South China Sea pact amid trade war

  

  Bloomberg Malaysia is confident it can reach an agreement with China to settle tensions in the South China Sea after its neighbors warned that incidents in the disputed waters had “eroded trust.” The country is “very hopeful” that a code of conduct for the area will be completed within the three-year deadline or earlier, Malaysia’s Foreign Minister Saifuddin Abdullah said ...

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• 5 August

  China hits back at Trump with weaker yuan, halts crop imports

  

  Bloomberg China responded to Donald Trump’s tariff threat with another escalation of the trade war on Monday, letting the yuan tumble to the weakest level in more than a decade and asking state-owned companies to suspend imports of US agricultural products. The moves are likely to further antagonise Trump, who has criticised Beijing for managing its currency unfairly and failing ...

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• 5 August

  Japan Inc joins exodus from China’s factories as tariffs bite

  

  Bloomberg Top Japanese companies including Sony Corp., Ricoh Co. and Asics Corp. are orchestrating shifts in production away from China, joining manufacturers from other countries seeking to sidestep US tariffs. Sony said last week that trade-war levies may cause it to raise prices or move production of PlayStation consoles, cameras and projectors outside of China, steps that could affect profit ...

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