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Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 285,711 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) on Tuesday reported its financial results for the nine-month period ended September 30. The company’s net profit increased by 18 percent to AED333.7 million, compared to a net profit of AED282.8 million for the same period in 2020. Adnic’s gross written premium increased by 2.4 percent to AED3.24 billion compared ...

Global warming is here and the world is not ready. The need to adapt to a transforming climate used to be seen as a distraction from the more urgent goal of preventing change. Today, it’s clear adaptation can no longer wait. Floods, droughts, severe hurricanes and a heat dome in the Pacific Northwest this year alone have been a reminder ...

Who needs a metaverse when you have Elon Musk’s Twitter feed? In the latest installment, the bad boy billionaire conducted a poll via Tesla Inc’s ersatz communications department, asking real people on the internet whether he should sell roughly $20 billion worth of his shares in the company. The majority verdict: Yes. So there you have it. The masses have ...

“When shall we three meet again? In thunder, lightning, or in rain?” That’s the first witch setting the opening scene in Macbeth but it might as well be any commentator on the current state of the UK or outlook for the pound. The lows for sterling this year versus the dollar at $1.34 look set to be tested again soon. ...

In 2009, President Barack Obama took a short break from his summer holiday on Martha’s Vineyard to tap then-Federal Reserve Chair Ben Bernanke for a second term. Joe Biden, by contrast, is more likely to interrupt his Thanksgiving dinner to perform the same duty. The White House has been prevaricating for months over whether to give Jerome Powell, the current ...

Bloomberg Britain must work with other countries to prevent friction on medicine rules post-Brexit to avoid being sidelined by the global drug industry, according to a report from the UK’s biggest pharmaceutical lobby group. The country must collaborate with ‘science allies’ such as the US, Canada and Australia in developing its post-Brexit medicines regulation or risk being left behind, the ...

Bloomberg The Biden administration looks to launch a global infrastructure financing program, intended to counter China’s Belt and Road initiative, with between five and 10 flagship projects announced as soon as January, a senior US official said. The “Build Back Better World” program will look to counter Chinese influence by offering funding for projects with higher labour standards, a focus ...

Bloomberg Countries looking to perk up their economies when interest rates are already at rock bottom might learn something from Germany. Last year’s surprise value-added tax cut by the government in Berlin unleashed about 34 billion euros ($39.4 billion) of household spending while only resulting in about 7 billion euros of lost budget revenue, a working paper published by the ...

Bloomberg Norway’s new government is proposing to cut electricity charges to protect households from the effects of the energy crisis, while raising taxes on the wealthy, as it makes changes to a 2022 budget drafted by its predecessors. The Labour-Center minority coalition’s proposal includes a new, lower electricity tax rate for the winter months, it said. The budget, which the ...