December, 2016

• 14 December

  Honda car sales plunge as India’s cash shortage affects demand

  

  Bloomberg Industrywide demand for passenger vehicles in India will be depressed for a few months after Prime Minister Narendra Modi’s unprecedented cash clampdown, according to senior executives at Tata Motors Ltd. and Honda Motor Co. The cash crunch, following the withdrawal of high-denomination banknotes, has hurt consumer sentiment and is expected to continue through March, Mayank Pareek, president of passenger …

  Read More »
• 14 December

  China to lift tax on smaller cars to 7.5% through 2017

  

    Bloomberg China will raise the sales tax on small cars to 7.5 percent, curbing an incentive that has propped up the auto industry, which is heading for its 26th consecutive annual expansion, according to people familiar with the matter. The tax rate is less than the 10 percent originally scheduled to take effect from January. However, it is an …

  Read More »
• 14 December

  A comeback for Polaroid

  

    Cleveland / AFP At a photography studio in Cleveland, instructor Nicole Follen is trying to convince her students to step back in time and technology —to the age of the humble Polaroid. She wants the students to create something they can touch and feel —perhaps even something that – gasp —isn’t perfect. So, she guides her class in how …

  Read More »
• 14 December

  In-flight phone calls could be coming to an airplane seat near you

  

    Relaxnews It’s the one safe zone where people are exempt from having to listen in on personal phone calls and family dramas. But a loophole in air travel regulations could allow fliers to place in-flight phone calls as long as travelers are notified of the service before their ticket purchase. In a bid to pre-emptively address concerns about voice …

  Read More »
• 14 December

  BlackBerry has a new smartphones up its sleeve

  

    Relaxnews In spite of meager sales figures, BlackBerry could soon release a new smartphone, once again running Google’s Android OS and with a physical keyboard. The firm has also developed an innovative Internet of Things security solution for business. Pictures of what could be a BlackBerry DTEK 70, due for release in 2017, have leaked on social media. However, …

  Read More »
• 14 December

  Alphabet shifts self-driving cars into new unit Waymo

  

    Bloomberg Google parent company Alphabet Inc. is separating its self-driving car project into a new business called Waymo, seeking to sharpen its focus on changing the transportation industry. John Krafcik, chief executive officer of Waymo, announced the move on Tuesday at an event in San Francisco. The company has been developing autonomous vehicle technology for more than six years, …

  Read More »
• 13 December

  Mohamed bin Zayed offers condolences on death of Hamdan bin Rashid bin Hamdan Al Nahyan

  

    ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday offered his condolences to Sheikh Rashid bin Hamdan Al Nahyan on the death of his son Sheikh Hamdan. HH Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler`s Representative in the …

  Read More »
• 13 December

  UAE will always be a melting point of creative individuals

  

    DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Tuesday met the key Arab social media influencers on the sidelines of the Arab Social Media Influencers Summit (ASMIS) being held at the Dubai World Trade Centre. He was accompanied by HH Sheikh Hamdan bin …

  Read More »
• 13 December

  DAFZA signs pacts to boost innovative solutions

  

    DUBAI / WAM Under the patronage and presence of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), the authority on Tuesday signed multilateral Memorandums of Understanding (MoUs) with several major entities under the Dubai Government. This is in line with the inauguration of the ‘Development of Governmental Services’ Innovation Ecosystem’ initiative which …

  Read More »
• 13 December

  Noor Bank wins ‘Islamic Retail Banking’ award

  

    DUBAI / WAM Noor Bank has been named as winner of the ‘Critics’ Choice Best Islamic Retail Banking Brand Award 2016,’ at the World Islamic Retail Banking Conference (WIRBC) Awards 2016, hosted by UK-based Cambridge Analytica. Chirodip Basu Roy, Head of Marketing Operations, Noor Bank, collected the award on behalf of the bank at an impressive gathering, which was …

  Read More »