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RTA: 75% of Sheikh Rashid bin Saeed Corridor Project complete

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  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has announced that the Sheikh Rashid bin Saeed Corridor Improvement Project is now 75 percent complete. The project extends 8 kilometres (km) along Ras Al Khor Road from the intersection of Dubai – Al Ain Road to the intersection of Sheikh Mohammed bin Zayed Road. Works include constructing bridges extending ...

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Taiwan vows not to bow to pressure after China drills

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Bloomberg Taiwan reiterated it won’t succumb to pressure from China after days of military drills in the air and seas surrounding the island, with hostilities set to continue even as world leaders urge an end to the strife. The People’s Liberation Army said it conducted exercises around Taiwan on Sunday, with drills focused on testing the capabilities of joint firepower ...

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Nuclear-plant disaster in Ukraine is ‘real risk,’ IAEA says

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Bloomberg Ukrainian officials said Russian forces shelled the area around Europe’s largest nuclear plant for a second day, hours after the head of the UN’s atomic safety agency warned of “potentially catastrophic consequences.” Russian shells landed near spent nuclear fuel stored at the Zaporizhzhia atomic power plant on Saturday evening, wounding one worker, according to Energoatom, the facility’s operator. “This ...

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UK’s biggest container port to be hit by eight days of strikes

Port of felixstowe as msc overtakes ap moller maersk a/s as world's no. 1 shipping line

Bloomberg Almost 2,000 dock workers at Britain’s biggest container ship port plan to strike for eight days this month after failing to reach a pay deal, threatening to sever one of the UK’s most important trade routes. Workers at Felixstowe will strike from August 21 to August 29, the Unite union said in a statement. Talks failed after the port, ...

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US consumer borrowing jumps by $40bn in June

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  Bloomberg US consumer borrowing surged in June, reflecting a jump in credit-card balances and a record increase in non-revolving lending that includes auto and school loans. Total credit increased $40.2 billion from the prior month, second only to March’s $47.1 billion spike, Federal Reserve figures showed. The median forecast in a Bloomberg survey of economists called for a $27 ...

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Iceland is using its volcanic eruption to attract tourists

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  Bloomberg As volcanic activity in Iceland starts, the country’s tourism industry kicked into high gear, grasping an opportunity to revive the business after the pandemic had banished most visitors from the Atlantic island for more than two years. With reports emerging of sightings of lava, the shares of Icelandic airlines Icelandair hf and Fly Play hf, which flies under ...

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Canada cuts jobs for second month as labour force shrinks

Timber tile manufacturing as surging inflation hammers diy renovation market

Bloomberg Canadian employment unexpectedly falls for a second straight month in July as workers dropped out of the labour force, adding to evidence the economy is losing momentum. The country shed 30,600 jobs last month, Statistics Canada reported in Ottawa, a surprise negative reading compared to the 15,000 gain anticipated by economists. Still, the unemployment rate held at a record ...

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MoIAT, Edge sign deal to set up Industry 4.0 Enablement Centre

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  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) and Edge signed a memorandum of understanding (MoU) to establish the UAE’s first Industry 4.0 Enablement Centre aimed at promoting, enabling, and supporting the digital transformation and the adoption of Industry 4.0 technologies across the country’s manufacturing sector. The ministry and Edge will explore how the Enablement ...

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Abu Dhabi International Boat Show launches early bird ticket sales

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  Abu Dhabi / WAM The Abu Dhabi International Boat Show (Adibs), the UAE capital’s prestige boating, leisure marine and fishing show, has announced the launch of early bird ticket sales for the eagerly anticipated 2022 event. Organised by the Abu Dhabi National Exhibitions Company (Adnec), the fourth edition of Adibs will take place at Adnec’s brand new Marina Hall ...

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NCEMA holds session to discuss community safety

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  Abu Dhabi / WAM The National Emergency Crisis and Disasters Management Authority (NCEMA), represented by the Department of Safety and Prevention, held a brainstorming session to discuss the national framework for preparedness and public safety. The session saw the participation of a number of federal and local agencies concerned with managing institutional and community risks. The session discussed a ...

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