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  Dubai / WAM More than 20 years since its establishment in 2000, Dubai Internet City (DIC) continues to be among the world’s preferred hubs for new economy companies, with several high-growth, high value-added, technology-enabled global firms recently choosing DIC to establish their regional operations. The latest to join the ever-growing ranks of new economy companies making DIC their home ...

  Bloomberg Duke Energy Corp planned to close its last six coal power plants in the Carolinas by 2030 to accelerate the company’s carbon-cutting goals. South Carolina regulators said no—ordering the US utility to keep the plants open longer. The decision sets up a showdown as Duke Energy appeals a regulatory response that threatens the company’s preferred plan to speed ...

Bloomberg Boris Johnson urged more military support for Ukraine as it battles Russian forces, including sending advanced weapons such as Multiple Launch Rocket (MLR) Systems that can strike targets from a far longer distance. The British prime minister aired his support for more arms for Ukraine as he pushed back against the idea that, with the war now in its ...

Bloomberg The Biden administration is counting on a rule change to speed up asylum decisions at the southern border and help ward off the turmoil expected to come if a measure that limits those claims is allowed to expire. Department of Homeland Security officials will get the power to reject or approve asylum cases directly starting from May 31. It’s ...

Bloomberg Prime Minister Boris Johnson said the UK can a dodge a recession in the months ahead even as the cost of living crisis sets the stage for a “difficult” period. Economic pressures are emerging as the gravest political threat to Johnson and his party, beyond the various scandals that have dogged his government such as the row over illegal ...

  Bloomberg France’s new government reaffirmed the country’s pledge to lower debt after the Covid-19 pandemic forced President Emmanuel Macron to carry out an unprecedented spending splurge to prevent economy from crashing. “I will be a relentless craftsman in keeping our public accounts in a context that we know is difficult,” Gabriel Attal, France’s new budget minister, said in a ...

  Bloomberg Europe’s two largest economies kept growing in May as they benefited from a sustained rebound in services that offset fallout from Russia’s invasion of Ukraine. The loosening of Covid-19 restrictions in Germany and France supported activity in both countries while factories suffered from surging prices and strained supply chains, according to business surveys by S&P Global. “A post-lockdown ...

  Bloomberg More Americans are quitting their jobs than ever in the US, and fewer are sticking around in their new positions. Among workers who took a new job in 2021, the share who had been in their previous position for less than 12 months rose by 6.5% compared with a year earlier, data compiled by LinkedIn show. This job-jumping ...

  Abu Dhabi / WAM DP World, a leading global end-to-end logistics provider, on Thursday announced the creation of DPMETAWORLD, a new initiative aimed at bringing cutting edge virtual solutions to real-world supply chain challenges. Across the industries in which DP World operates, supply chains are moving from analogue to embrace new digital solutions. This project will allow DP World ...

  Abu Dhabi / WAM A delegation from UAE University (UAEU) was welcomed at Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) by Professor Fakhri Karray, Provost of MBZUAI, and Sultan Al Hajji, Vice President for Public Affairs and Alumni Relations. Professor Ahmed Ali Murad, the Associate Provost for Research, who was also in attendance, highlighted that the visit aimed ...