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Bloomberg Billionaire Mukesh Ambani’s plan to conquer the Indian market with a locally assembled Google-powered smartphone is facing headwinds, with supply-chain disruptions and rising component prices suppressing production volumes, people familiar with the matter said. Ambani’s Reliance Industries Ltd originally envisioned sales in the hundreds of millions in the first years for the inexpensive device but now targets a small ...

Bloomberg Mark Zuckerberg’s approval among some Facebook Inc employees has slipped, dislodging him from Glassdoor’s ranking of the Top 100 CEOs, a list he’s been on annually since 2013. Zuckerberg put on his game face to convince a skeptical Congress that his company’s ambitious plans for a cryptocurrency will benefit millions of poor and underbanked people around the world, and ...

Bloomberg Lordstown Motors Corp jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives. The automaker is actively raising additional funds and has reconfirmed orders for its debut vehicle, President Rich Schmidt said at an Automotive Press Association event ...

Bloomberg The first megawatts of electricity was expected to flow between Norway and the UK on Wednesday along the longest submarine power cable in the world. Once fully operational Britain is expected to import supplies of low carbon power on a regular basis. Tests on the 1,400-megawatt, 450-mile long cable will be complete in time to transport power from Norway’s ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has marked four years and more than 100 million safe man-hours without a Lost Time Injury (LTI) at the Barakah Nuclear Energy Plant, located in the Al Dhafra Region of Abu Dhabi. The achievement highlights Enec’s success in implementing the highest standards of safety, security, and quality in developing the ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the formation of UAE Genomics Council to provide a world-class healthcare system. The new council, to be headed by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive ...

Dubai / WAM Enoc Link, the digital mobile fuel delivery service for businesses in the UAE by Enoc group, on Tuesday announced that it has signed an agreement with Expo 2020 Dubai to supply its fleet with more than 1 million litres of fuel. Earlier this year, the group also launched its innovatively designed Service Station of the Future, located ...

DUBAI / WAM flydubai, the Dubai-based airline, has announced the start of daily flights to Warsaw (WAW) from September 30. Warsaw will become flydubai’s second destination in Poland after Krakow (KRK), which currently operates with a twice weekly service. Ghaith Al Ghaith, CEO at flydubai, said, “We have been flying to Krakow in Poland since 2018 and by adding Warsaw ...

Bloomberg China lashed out at the US, calling the country “very ill indeed,” after President Joe Biden secured support from European allies to present a more united front against Beijing. Foreign Ministry spokesman Zhao Lijian criticised Biden’s efforts during summits of the Group of Seven and North Atlantic Treaty Organization (Nato) in recent days. The response was the latest sign ...

Abu Dhabi / WAM Abu Dhabi has been ranked the most livable city in the region for the second year in a row, according to the Global Liveability Index 2021, issued by The Economist Intelligence Unit (The EIU) – the research and analysis division of Economist Group. The UAE capital moved up seven places in the 2021 global quality of ...