UAE reports 1,222 new recoveries from Covid-19

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 103,918 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, 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 ...

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Sharjah Ramadan Festival sees AED700mn in sales

SHARJAH / WAM The 31st Sharjah Ramadan Festival, organised by the Sharjah Chamber of Commerce and Industry (SCCI), came to an end after reaching more than AED 700 million in sales. The final raffle draw was held on Saturday evening at City Centre Al Zahia. Expressing his pleasure with the success of the 31st edition of the festival in achieving ...

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Dewa’s initiative supports electric vehicle adoption in Dubai

DUBAI / WAM The EV Green Charger initiative, launched by Dubai Electricity and Water Authority (Dewa), provides a network of electric vehicle chargers across Dubai. This initiative supports Dubai’s efforts to provide innovative and sustainable transport solutions as part of the Dubai Green Mobility Strategy 2030, thus contributing towards carbon emission reduction in the transportation sector, said a Dewa press ...

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Bipartisan breakdown of American politics

I have a simple and depressing model for understanding the corruption of today’s political discourse. Not only does it explain the issue on both sides, it is likely to offend both of them, too. Start with the Republicans. Early on in Donald Trump’s presidency, he perfected the technique of “the big lie.” Outrageous claims would be put on the table, ...

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Big brands need Bangladesh workers

Bangladesh is deep into its second month of a coronavirus lockdown that has shuttered schools, public transportation and most workplaces. But thanks to lobbying by the country’s garment manufacturers, millions of factory workers are still on the job every day — even though many have complained of pay cuts, late wages and inadequate Covid protections. Eight years after the notorious ...

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Bitcoin won’t leave central bankers in dust

Innovation in central banking often starts in small markets. New Zealand was the first country to formally adopt inflation targeting as we now know it in 1990. Today the Bahamas and Cambodia lead China in piloting central bank money in electronic form. However, few realise it was Finland that pioneered the world’s first central bank digital currency. The experiment has ...

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Economic demand is back. Supply is problem

What a difference a year makes for many corporate bosses in advanced economies. Some 12 months ago, they were dealing with the sudden and brutal disappearance of demand for their products. Today, demand is not a problem for most of them; it is surging. Rather, they are struggling to secure supplies, including the raw material inputs and workers needed to ...

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Cairn drags Air India to US court over tax spat with state

Bloomberg Cairn Energy Plc is dragging the unprofitable, state-owned carrier Air India Ltd to a US court to seek payment of an arbitration award from the South Asian nation as part of a long-running tax dispute, according to a filing. The energy company, which last year won an arbitration award for $1.2 billion plus interest, is asking a court in ...

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Philippine Air in talks with aircraft lessors

Bloomberg Philippine Airlines Inc has been in talks with its aircraft lessors about reducing its fleet size and returning some planes as part of a restructuring process, President Gilbert Santa Maria said in an interview with CNN Philippines. The carrier is stepping up cargo operations and flying to new destinations, particularly to the Pacific region, to generate revenue, Santa Maria ...

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EasyJet seeks successor to chairman John Barton

Bloomberg EasyJet Plc has hired headhunters to find a successor for its chairman, John Barton, with the aim of having a candidate in place by next year’s annual general meeting, Sky News reported, citing the company. The low-cost airline is working with Lygon Group to replace Barton, who’s preparing to step down. He’ll have served nine years in May 2022, ...

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