Increased fish stocks recorded in Abu Dhabi waters in 2020: EAD

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Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD), which has been conducting research to assess the state of fish stocks since 2001, recorded a noticeable improvement in the state of fish stocks during 2020 for some of the major commercially fished species in Abu Dhabi waters. Following continued efforts under the directives of HHSheikh Hamdan bin Zayed ...

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Why medical oxygen is key to coronavirus fight?

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The desperate scenes playing out in India may foreshadow a dangerous new phase of the pandemic where people die in droves, not of the disease so much as a lack of proper medical care. The situation could get a lot worse thanks to a sudden shortage of medical oxygen in the country. Oxygen is one of most straightforward and proactive ...

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Google’s ad resurgence just gets started

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Google’s parent Alphabet Inc is turning out to be one of the biggest winners of the economic reopening trade. The company posted first-quarter sales results that were significantly higher than expected. Underlying the impressive performance were clear signs that the strength in the internet giant’s search advertising business may be sustainable for some time to come. Its resurgence may be ...

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Foxconn’s next big US move may be EV SPAC

More than three years after Foxconn Technology signed a boondoggle deal with Wisconsin to bring cutting-edge technology to the Midwestern state, the project has finally been trimmed back to a scale that’s actually realistic and palatable to all parties. Now, the Taiwanese manufacturer is likely to try rebuilding credibility in the US through an industry that makes far more sense ...

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UK, EU may be wrong on AstraZeneca vaccine

When it comes to Covid-19 vaccinations, Britain has been a bit of a renegade. At the outset of the global rollout, the UK — in an effort to inoculate as many people as possible as quickly as possible — started its campaign by lengthening the time interval between the first and second shots beyond what was indicated from trials. Instead ...

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Korean economy joins China in surpassing pre-Covid peak

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Bloomberg South Korea led the developed world to join China in exceeding the size of its pre-pandemic economy, as investment and exports helped it expand faster than expected. Gross domestic product grew 1.6% during January-March from the previous quarter, the Bank of Korea said, easily beating economists’ consensus for a 1.1% expansion. That pushed GDP above the level at the ...

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Asia’s kids risk $1.25trn in income from closed schools

Bloomberg Widespread school closures amid the pandemic will likely reduce students’ future productivity and wages, the Asian Development Bank (ADB) said, estimating the present value of prospective lost earnings at $1.25 trillion for developing Asia. The region’s students, who on average have lost nearly one-third of the academic year to school closures, could see a 2.4% decline in their future ...

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Ant-backed Zomato files for $1.1b Mumbai IPO

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Bloomberg Zomato Ltd, an Indian food delivery startup backed by Jack Ma’s Ant Group Co, has filed an initial prospectus with Indian market regulator for an initial public offering that could raise as much as 82.5 billion rupees ($1.1 billion). The company plans to issue new shares to raise a maximum 75 billion rupees, while its major shareholder Info Edge ...

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Soaring oxygen demand makes Indian tycoon slash steel output

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Bloomberg India’s most valuable steelmaker is cutting output to step up supplies of medical-grade oxygen as the country grapples with a devastating shortage of the life-saving gas amid surging coronavirus infections. JSW Steel Ltd said it is reducing output to augment liquid medical oxygen supply to more than 900 tons a day by April-end, and more than 20,000 tons for ...

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Glacial pace of vaccinations threatens Japan’s Olympics

Japan marks 100 days before tokyo 2020 olympics

Bloomberg In the race to vaccinate citizens against Covid-19, Japan should be a front-runner. It has nearly universal healthcare coverage and pharmaceutical prowess, not to mention a pending national election, a large elderly population and the looming Olympics to motivate political leaders to move fast. Yet it has the dubious distinction of being among the worst performers when it comes ...

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