Sharjah, Singapore explore stronger economic relations

SHARJAH / WAM Sharjah’s investment environment as well as emerging potential in new sectors were topics that dominated the Sharjah–Singapore Investment Webinar discussions organised by the Sharjah FDI Office (Invest in Sharjah). The webinar was operated under the Sharjah Investment and Development Authority (Shurooq), in collaboration with the Singapore Business Council. The virtually held meeting convened investors, business leaders and ...

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Hipa award launches ‘family’ theme competition

Dubai / WAM The Ministry of Community Development (MoCD) and Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award (Hipa) announced the launch of a new theme in its current competition season titled “Family”. The competition motivates participants to compete by expressing their best-articulated images within a community development pillar based on highlighting virtual values and enhancing the principle ...

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Masdar launches initiative to tackle plastic pollution

Abu Dhabi / WAM Masdar’s Youth 4 Sustainability (Y4S) platform has launched the fifth edition of its “Ecothon Innovation Challenge” under the Future Sustainability Leaders (FSL) programme, to develop circular economy solutions to tackle waste. Under the patronage of HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Youth 4 Sustainability (Y4S), a Masdar outreach initiative, invests and actively supports ...

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Long Covid is debilitating mystery. Just check it out

The downslope of the Covid crisis is proving to be its own bumpy ride — and there’s no telling yet how long it will last. We’ve learned a tremendous amount about the disease itself, but in terms of grasping the impact of lingering post-Covid Syndrome, or Long Covid as it’s often called, we’re just getting started. As hospital admissions from ...

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Russia’s IPO is an $8b bet on frugality

There are few more eloquent expressions of faltering Russian living standards than the rise and rise of discount retailer Fix Price Group Ltd., set to begin trading in London and Moscow. An equity value of $8.3 billion assumes sizeable ongoing appetite for cheap detergent and affordable cosmetics. It says everything that Russia’s hottest initial public offering in years is a ...

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Clubhouse, TikTok are antidote to Twitter’s rage

After about a decade of stasis, big things are afoot in the world of social media. Audio chat app Clubhouse, newsletter platform Substack, and video-sharing app TikTok, among others, are giving rise to an explosion of new conversations and building large followings for the early adopters. But even more importantly, the new platforms are partially unbundling Twitter, threatening to make ...

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Cash turns out to be the most effective welfare

Biden’s $1.9 trillion Covid-19 relief bill has passed the Senate, clearing the way for it to become law. Much of the legislation is dedicated to handing out cash to individual Americans. This is a sign post for a tectonic shift that’s underway in US policy thinking towards unconditional money transfers as the optimal way to help people in need. When ...

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Hong Kong minister warns citizens against ‘oblivious’ criticism of China

Bloomberg Hong Kong’s top legal official warned residents to steer clear of criticisms of the government that stray too far from the facts, as officials defend Beijing’s plan to overhaul the city’s elections. Hong Kong Justice Secretary Teresa Cheng said in an interview on Tuesday that opinions were “no more than an utterance of no value” if the facts weren’t ...

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Joe Biden offering temporary protected status to Venezuelans

Bloomberg The Biden Administration will offer temporary protected status to an estimated 320,000 Venezuelans who fled their home country, allowing them to legally stay and work in the US. Venezuelans who are accepted into the program will receive temporary immigration status for 18 months, said a senior administration official who requested anonymity. They’ll be required to apply in the next ...

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Paraguay’s biggest opposition party to seek impeachment of president

Bloomberg Lawmakers of Paraguay’s largest opposition party said they will begin preparing impeachment charges against President Mario Abdo Benitez and Vice President Hugo Velazquez amid widespread protests over administration’s management of pandemic. All 29 lower house lawmakers of Authentic Radical Liberal Party backed the decision and an impeachment draft could be shared with other opposition parties soon, lawmaker Celso Kennedy ...

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