ABU DHABI / WAM Etisalat announced that all its postpaid and prepaid customers would be able to access their Al Hosn app in public places without activating or purchasing a data plan. Al Hosn App is now whitelisted so that any data consumed while using the app will not come off a mobile subscribers’ allowance, said an Etisalat statement on ...
Read More »Netherlands innovation tour to culminate at Expo 2020
DUBAI / WAM The Kingdom of Netherlands has launched “The Uniting Water Energy Food Innovation Tour” that aims at identifying and scaling up some of the most innovative start-up solutions in the fields of water, energy and food. The tour covers the fastest growing innovation ecosystems in the world and will culminate at the finals taking place at the Expo ...
Read More »EGA launches industrial robotics contest for university students
DUBAI / WAM Emirates Global Aluminium (EGA) on Monday announced the launch of this year’s edition of the company’s Al Robot competition, which challenges university students to design and build industrial robots for use at EGA’s aluminium smelters. The Al Robot competition is now in its fourth year, and aims to support young people to develop real world skills in ...
Read More »UK’s IPO market makes amends for Deliveroo
The UK IPO market in 2021 doesn’t naturally conjure positive thoughts. In March, a government-sponsored review said sweeping reforms were required if London was to stay relevant to high-growth companies considering initial public offerings. Weeks later, food delivery firm Deliveroo Plc, the listing that was meant to herald a new dawn for a modernised market, crashed on its debut. Yet ...
Read More »When brands want you to go steady
Soho House looks like a members club, swims like a members club and quacks like a members club: “From the beginning, and throughout our 25-year history, our members have always been at the heart of everything we do.†But Soho House isn’t really a members club at all. A genuine members club is owned and operated by its members, who ...
Read More »How about a speed limit on the Autobahn?
Could Germans’ cherished right to drive as fast as they like on the Autobahn soon be outlawed? With the country’s center-left Social Democrats now leading the polls ahead of this month’s federal election, we shouldn’t rule it out: If voted in, they promise to limit motorway speeds to a maximum of 130 km per hour (81 miles per hour). Possible ...
Read More »China’s slowdown is as important as US jobs
If you can tear yourself away from the disappointing US jobs numbers and what that means for the Federal Reserve’s prospective reduction in stimulus, signals from China offer an equally sobering view of the global recovery. Economists are wringing their hands over employment growth in August, which was weaker than even the most pessimistic estimate. Tapering of the Fed’s quantitative ...
Read More »Toshiba warns power-chip supply to stay tight for now
Bloomberg Toshiba Corp said it won’t be able to meet demand for power-regulating chips for another year and, in certain cases, through the end of 2022, offering a fresh warning for makers of cars, consumer electronics and industrial machines struggling with component shortages. “The supply of chips will remain very tight until at least September next year,†said Takeshi Kamebuchi, ...
Read More »Grab’s online supermarket takes off in Philippines
Bloomberg Grab Holdings Inc, set to go public in the US through a deal with a blank-check company, is launching an online supermarket in the Philippines as it tries to move beyond meal deliveries and ride-hailing to boost revenue. Consumers in Metro Manila area, with a population of more than 13 million, will be able to order vegetables, meat, seafood ...
Read More »Chinese AI startup Aibee plans to raise $100mn
Bloomberg Aibee, a Chinese artificial intelligence startup, is planning a funding round to raise about $100 million, according to people familiar with the matter. The Sequoia Capital China-backed firm could seek an initial public offering after the fundraising, however no final decision has been made, the people said, asking not to be identified as the information isn’t public. Details of ...
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