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Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has announced the signing of an agreement to provide district cooling services to Meydan master community with a total capacity of 382,000 refrigeration tonnes (RT) to meet the needs of the 750 existing and upcoming buildings in the City and acquire the existing district cooling plant for a value of AED100 ...

In reimposing travel curbs on Americans, the European Union is sending a message to the US that is as much about diplomacy as it is about epidemiology. Sure, there is data to nominally support the decision. A surge in cases driven by the delta variant’s spread has put the US well beyond the recommended limits for non-essential travel to the ...

To say it’s absurd that an electric-truck maker that hasn’t yet delivered any trucks to regular customers should seek an $80 billion valuation is to state the obvious. That isn’t a knock on Rivian Automotive Inc, which announced that it has filed for an IPO confidentially. From what we can tell, it seems like the real deal. It’s just a ...

One of the less obvious outcomes of the Great Blizzard of 1888 was that, by the following year, crowds of New Yorkers were following workers around yelling “timber!” as they chopped down wooden utility poles. The ferocious winter storm pushed the city to get serious about burying the growing network of power and telegraph lines strung over its streets. Climate ...

In his address at the annual Jackson Hole economic conference, Federal Reserve Chairman Jerome Powell offered a finely calibrated message that I think is worth amplification: The Fed wants to do everything it can to restore jobs lost during the pandemic, but that doesn’t mean it’s not taking the risk of inflation seriously. As I interpret his remarks, Powell remains ...

Bloomberg European airlines hoping to extend the holiday season are running up against the start of the school year that’s denting family bookings, while the spread of the delta variant of Covid-19 prompts new travel curbs. Carriers including Ryanair Holdings Plc are keeping prices low to prolong leisure demand through October. The airline is also beefing up winter timetables in ...

Bloomberg Southwest Airlines Co increased the number of workers it wants to hire by 16% to 5,200, part of an effort to ease flight disruptions and reduce overtime, even as the carrier pares service. The airline wants to add the new employees by the end of November to reduce delays and cancellations, Chief Executive Officer Gary Kelly said. It has ...

Bloomberg Japanese department store operator H2O Retailing Corp said on Tuesday it will increase its stake in grocery store owner Kansai Super Market Ltd and make it a subsidiary. H2O said in a statement that it will buy newly-issued and existing shares from Kansai Super Market until it owns a 58% stake in the company, which will remain listed. H2O ...

Bloomberg Digital-first jewellery company Brilliant Earth Group Inc filed for an initial public offering, leading a flurry of planned listings. The San Francisco-based company in its filing listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set. Amplitude Inc, saying it’s pioneering a new category it calls digital ...

Bloomberg Hong Kong’s retailers saw consumption growth slow more than expected in July as social distancing measures to control the virus continued to constrain spending and local shoppers awaited the arrival of electronic vouchers the following month. Retail sales value was HK$27.2 billion ($3.5 billion), up 2.9% from a year ago, according to a government report. That’s well short of ...