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Abu Dhabi / WAM The second edition of the Abu Dhabi Smart City Summit is beginning on Tuesday, bringing together more than 25 local and federal government agencies, and 400 specialists, experts, officials, leaders, strategists and policy makers, as well as governmental and private organisations. The summit will discuss the best practices for developing smart cities and addressing challenges, contributing ...

Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) has unveiled the Rakez Mobile App, another key milestone in the economic zone’s ongoing digitisation journey that aims to boost the ease and accessibility it offers to global investors. Available on both Apple Store and Google Play, the app is packed with wide-ranging features that allow clients to submit ...

President Joe Biden has taken to saying that the Democrats’ “Build Back Better” legislation will reduce inflation. This spin isn’t just unconvincing. It underscores the absurdity of the Democrats’ political project. The first weakness of Biden’s argument is that the timing is all wrong. The White House issued a prepared statement from Biden claiming that “17 Nobel Prize winners in ...

It’s a familiar phenomenon for anyone who regularly shops online: A single tube of toothpaste arrives on the doorstep with lightning speed, but it’s in a box that easily could have housed an entire medicine cabinet’s worth of toiletries. This is partly a reflection of how retailers have optimised e-commerce for convenience, making the click of a button a viable ...

There is still a lot to fix at Deutsche Bank before it can hope to get near a decent return on equity, but in one area it has made definite progress: the cost and stability of its debt. Stock market investors should care. Deutsche Bank’s funding costs matter for its revenue prospects as well as for the expense of its ...

The placement of energy pipelines has always been shaped by political considerations, often at the expense of commercial ones. But the operation of existing lines is increasingly becoming politicised, too. And that’s going to hurt everyone. There are many examples of pipeline routes being selected to serve geopolitical ends. Russia’s construction of the Nord Stream 2 gas pipeline to Germany ...

Bloomberg China fired a missile from a hypersonic weapon as it approached a target during a test in July, the Financial Times reported, adding the Pentagon was surprised because no nation was known to have the capability. A hypersonic glide vehicle launched by China fired the projectile over the South China Sea while moving at five times the speed of ...

Bloomberg The US has shared intelligence including maps with European allies that shows a buildup of Russian troops and artillery to prepare for a rapid, large-scale push into Ukraine from multiple locations if President Vladimir Putin decided to invade, according to people familiar with the conversations. That intelligence has been conveyed to some Nato members over the past week to ...

Bloomberg An organisation formed by key participants in China’s currency market urged banks to limit speculative foreign-exchange trading after the yuan climbed to a six-year high versus peers. The China Foreign Exchange Committee (CFEC) — founded under guidance from the central bank — encouraged lenders to be risk-neutral when trading foreign exchange for themselves and for clients, according to people ...

Bloomberg Overseas-Chinese Banking Corp (OCBC) is considering whether to set up a crypto exchange as Southeast Asia’s second-largest lender seeks to respond to customer needs, Chief Executive Officer Helen Wong said. “We are looking at it and seriously there are some work being done in the bank,” Wong told Haslinda Amin in a Bloomberg Television interview, when asked whether the ...