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Bloomberg Cost pressures, supply-chain chaos and a reopening letdown are set to plague Europe’s third-quarter earnings season, setting investors up for more disappointment than elation. While strong numbers from behemoths like LVMH and SAP SE reassured European stock investors last week, further good news may be needed to keep the rally alive. Rising inflation and a stalling global recovery pose ...

DUBAI / WAM Etisalat is once again putting jaw-dropping demonstrations at its stand during this year’s Gitex, offering a glimpse into the future of mobility with the transformative power of 5G and futuristic technologies. The future of transport — as witnessed at Etisalat’s stand — will rely on the 5G network for its high latency and the communication between sensors ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) is set to host a live demonstration of the ‘Using AI in Cycling Tracks’ solution at its stand at Gitex Technology Week 2021, which is a proof of concept (PoC) developed by EVOTEQ, a digital transformation solutions provider. This revolutionary solution aims to ensure safer roads for cyclists by deploying digital ...

DUBAI / WAM Consumer confidence in Dubai moved to its highest level in 10 years during the third quarter of 2021, the Consumer Confidence Index tracked by Dubai Economy showed. During the quarter the Index rose two points from the previous quarter and 21 points compared to the same quarter of 2020. The quarterly Consumer Confidence Index measures current and ...

DUBAI / WAM Abu Dhabi Department of Education and Knowledge (Adek) will leverage this week’s Gitex Global 2021 — the industry’s largest interconnected technology platform — to spotlight four ICT-related projects and initiatives driving innovation and digital transformation across the Emirate’s education sector. “Participating at Gitex Global is an opportunity to showcase how Adek continue to harness cutting-edge technology to ...

ABU DHABI / WAM Expo 2020 Dubai can serve as a role model for future global events in the new normal, to bring people from all over the world together again, according to Germany’s Commissioner General at the world’s greatest show. Speaking to the Emirates News Agency (WAM), Dietmar Schmitz said that hosting a global event during a worldwide pandemic ...

ABU DHABI / WAM The Abu Dhabi Public Health Centre (ADPHC) will participate in the Abu Dhabi Government pavilion during “Gitex Technology Week” from October 17-21, 2021 at the Dubai World Trade Centre. During the event, the Centre will shed light on its most important e-projects to confront Covid-19. Also, they will unveil the platform to improve the monitoring of ...

ABU DHABI / WAM Al Dahra Holding, an Abu Dhabi-based international conglomerate that specialises in agribusiness, has announced the opening of 5 new plants that will compress and dry animal feed in Serbia, Romania and Bulgaria. The new openings come in line with the company’s continuous efforts to expand its operations internationally, thus diversifying its sources of production and supply ...

Bloomberg Singapore is offering assistance to power retailers and promising safeguards for customers as skyrocketing prices strain its nascent open electricity market. At least two power providers have announced they will cease retail operations after wholesale prices surged to a record last week. The government is offering help in hedging against volatility for those who want to continue operations, the ...

Don’t look now, but the worst may be over for the supply-chain snarls that have plagued shipments of everything from Coca-Cola Co ingredients to paint, toys and industrial fasteners. Average ocean freight rates have declined for three straight weeks. A composite index of global container prices has fallen back under $10,000 for a 40-foot box for the first time since ...