Archive / august - 2022
-
Abu Dhabi's Q Holding second-quarter profit jumps on higher revenueAbu Dhabi-listed Q Holding said its second-quarter profit surged as revenue from customer contracts, rental income and dividend income rose during the period. Profit attributable...Holland America Line celebrates one year back to cruising since end of industry-wide pauseHolland America Line’s guests and team members celebrated an important milestone this weekend, marking one full year of a return to sailing after the cruise...Malicious apps among the most common Android threats, new study findsMalicious apps remained among the most widespread threats to Android devices in June, according to a new report by antivirus software maker Dr Web. Analysts...GFH’s UK unit ties up with property arm of London listed ICG to buy logistics assetsRoebuck Asset Management, a UK-based unit of Bahraini investment bank GFH Financial Group, and ICG Real Estate have formed a joint venture to buy logistics...FINDERS KEEPERS Shoppers, donators not losers or weepers at Furniture Amnesty DayWhat was old to some became new to others Friday at City Park as people picked up used items during Furniture Amnesty Day. An annual...
-
UK's 40C heatwave 'basically impossible' without climate changeThe record temperatures in the UK last week would have been "almost impossible" without human-induced climate change, leading scientists have concluded. The UK recorded temperatures...New Zealand lifts the last of its Covid-19 travel restrictions: what you need to knowAlmost two and a half years after New Zealand closed its borders in response to Covid-19, the country has lifted the last of its travel...Battle for 5G heats up as telcos vie for rights to shape India's tech futureThe race to introduce fifth-generation (5G) telecoms services is heating up in India, as Asia's third-largest economy auctions its airwaves to offer the latest technology...Etihad Credit Insurance extends credit guarantees worth $1.3bn in January-May periodEtihad Credit Insurance (ECI), the UAE's export credit agency, issued 7,307 revolving credit guarantees worth Dh4.8 billion ($1.3bn) in the first five months of the...Swann Audio Adds New Audio Over Coax (AOC) Security CamerasSwann, a manufacturer of do-it-yourself security products for more than three decades, has added new DVR security kits with audio over coax (AOC) cameras. These...
-
UK brings in ownership register for property held by foreign companiesBritain will now require foreign companies holding UK property to identify their true owners in an official register, the government said on Monday, as part...New Zealand is now fully open to international visitorsNew Zealand’s borders have now been fully reopened for international travellers; however, the return of international visitors is expected to start gradually following the lifting...Alibaba could see first revenue decline on record but analysts expect sales recovery later this yearAlibaba’s revenue could decline for the first time on record when it reports June quarter earnings on Thursday, analysts forecast, though it could signal the...Saudi Arabia's consumer spending rises 13.4% in June amid economic recoveryConsumer spending in Saudi Arabia rose by 13.4 per cent annually in June as the Arab world’s largest economy continues to recover from the impact...ZOA Energy Announces New Flavor To Expand Zero Sugar Product LineAfter becoming the fastest-growing energy drink in the market, and expanding into the pre-workout supplement category earlier this year with the launch of ZOA+, ZOA...
-
China blocks some Taiwan imports but avoids chip disruptionChina blocked imports of citrus and fish from Taiwan in retaliation for a visit by Nancy Pelosi, a top American lawmaker, to the self-ruled island...Webb telescope captures colorful Cartwheel GalaxyThe James Webb Space Telescope has peered through time and huge amounts of dust to capture a new image of the Cartwheel Galaxy, revealing the...Crypto clients beg for their cash back after lender's crashAn Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of...Abu Dhabi's Adia invests in food industry fund McWin and China's Taibang BiologicAbu Dhabi Investment Authority, the emirate's sovereign wealth fund, has led funding rounds by European restaurant investment firm McWin and China's biopharmaceutical company Taibang Biologic...Outer's Having a Rare Summer Sale With 30% Off Outdoor FurnitureThough the end of summer might get you feeling down, there's good news: This is when the best sales of the year start to take...
-
Space debris Australia: Piece of SpaceX capsule crashes to Earth in fieldWhen Mick Miners, a farmer in New South Wales, Australia, first saw a large black object sticking out of the ground in a remote part...Tesla investors approve stock split; Musk to add factoriesTesla shareholders on Thursday approved a three-for-one stock split, a move that will make the company's shares more accessible to smaller investors. Preliminary results of...Big Tech hiring freeze in the US 'unlikely to affect IT services spending'Big technology companies such as Apple, Amazon and Facebook owner Meta Platforms plan to freeze hiring amid a slowdown in the US economy, but this...India's central bank raises interest rates by 50 basis points to curb price increasesThe Reserve Bank of India raised its key policy repo rate by 50 basis points on Friday, the third increase in the current cycle, to...Milwaukee commercial real estate market not letting challenges disrupt its riseLike in has in all major cities, Milwaukee’s commercial real estate market has faced a tough one-two punch: the COVID-19 pandemic and now the uncertainties...
-
Shell staff get profits bonus as energy bills soarEnergy giant Shell is to give its workers a one-off 8% bonus after the company reported record profits from high oil and gas prices.Most of...Westeros wanderlust: the real-life filming locations for 'House of the Dragon'Dragons return to HBO next month as the show's eagerly awaited prequel, House of the Dragon, hits screens. While fans are sure to recognise the...Musk countersuit accuses Twitter of fraud over 'bot' countElon Musk has accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he claimed held...SolarEdge is willing to sacrifice margins today to capture huge demand growth in EuropeSolarEdge shares tumbled this week after the company’s second-quarter results showed a hit to margins from factory closures, higher transport costs and currency headwinds from...India's agricultural, processed food product exports up by 31%Exports of agricultural and processed food products rose by 31 per cent in the first three months of the current financial Year 2022-23 (April-June) in...
-
Snickers owner apologizes after referring to Taiwan as a countryAmerican candy giant Mars Wrigley has insisted it "respects China's national sovereignty" and apologized after an advert for its Snickers bar referred to Taiwan as...Quark Expeditions launches the 2022 Canadian Arctic season with its new ship UltramarineQuark Expeditions report the successful inaugural voyage of Ultramarine in the Canadian Arctic. On August 1, 2022, Quark Expeditions’ newest vessel embarked on the 17-day...Dubai Chamber forms Digital Assets Business GroupDubai Chamber has formed the Dubai Digital Assets Business Group (D2A2), as the emirate seeks to bolster its digital economy.The new body will strengthen the...Moody's cuts Italy's outlook to negative from stableGlobal ratings agency Moody's cut Italy's outlook to negative from stable on Friday, weeks after Prime Minister Mario Draghi's resignation shook the country's political landscape.Mr...New packaging solution is step closer to a plastic-free worldThe Jerusalem Post has partnered with ExitValley, a digital platform that enables anyone to invest in Israel's start-up ecosystem and share in its success. In...
-
Chic city living at playful Hyde Hotel Dubai — Hotel InsiderAs we enter the lobby, we're met by a massive wall of flowers and a sign reading: "Anything can happen." Talk about an intriguing welcome....Wind and water: Undersea drone readies to aid offshore boomIn a wave tank at a robot laboratory in the Scottish capital Edinburgh, engineers observe in silence as an underwater drone rises stealthily to the...UAE consumer spending up 22% despite high fuel costs and inflation, says Majid Al FuttaimUAE consumer spending increased 22 per cent in the first half of the year, despite rising fuel costs and higher inflation, signalling a continued economic...Oman records $2bn budget surplus in first half of 2022 on higher energy pricesOman recorded a budget surplus of 784 million rials ($2 billion) in the first half of this year, compared with a 457m rial deficit in...China's machinery industry reports revenue growth in H1China's machinery industry registered steady expansion in revenue in the first half of the year, according to the China Machinery Industry Federation (CMIF).The operating revenue...
-
FAA clears Boeing to resume deliveries of 787 DreamlinerFederal regulators said Monday they are satisfied with changes Boeing has made in the production of its 787 Dreamliner passenger jet, clearing the way for...Is Google still down? Search engine stops working for thousands of usersAlphabet's Google services stopped working for thousands of users on Monday night, according to the tracking website Downdetector.com.The website tracked disruption in the US, as...Dubai's DIFC to establish first global centre for the ultra-wealthy and family businessesThe Dubai International Financial Centre is setting up a Global Family Business and Private Wealth Centre in a push to double its contribution to the...Supermarket food could soon carry eco-labels, says studySupermarket shoppers could soon be checking the environmental impact of food before putting it in their trolleys, thanks to new research. Reliable information of this...Real estate in the metaverse is ‘the dumbest’ idea everBuying digital land in the metaverse may not be the best use of your money, according to billionaire investor Mark Cuban. Although Cuban is a...
-
Oil output halted at three Gulf of Mexico platforms, Shell saysOil company Shell said it had halted production at three of its US Gulf of Mexico deepwater platforms after a leak in pipelines connecting the...Meta's new chatbot claims Donald Trump 'will always be president'Meta's new artificial intelligence chatbot has stated that Donald Trump won the 2020 US election, while also making other wild claims.Facebook's parent company released BlenderBot...UK recession looms after economy shrank 0.1% in three months to JuneThe UK economy contracted by 0.1 per cent between April and June, driven by a decline in spending by households and on fighting coronavirus, compared...Bank of England 'will probably need to raise interest rates' from current 14-year highThe Bank of England will probably have to raise interest rates further from their current 14-year high to tackle inflation pressures that are gaining a...As Plastic Production Grows, Pledge Targets Resin ContainmentA big focus in recent years is reducing plastic waste in the environment and in landfills, as only 10% of all post-use plastics is recycled....
-
YouTube 'advances plans to launch streaming video marketplace'YouTube is moving along with plans to launch a marketplace that will allow users to subscribe to video streaming services, The Wall Street Journal reported.The...Honda sees declining profits on semiconductor crunchHonda Motor Co’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the...Peloton to cut more jobs and raise price of equipmentThe US-based exercise equipment maker Peloton Interactive said it will slash hundreds of jobs and close a number of retail outlets in a bid to...Toshiba boosts profit on devices, auto sector demandToshiba Corp on Wednesday reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image...Mastercard launches healthcare products aimed at cybersecurity, predictive analyticsMastercard is expanding the reach of its financial expertise—particularly when it comes to cybersecurity—into the healthcare industry.The financial services company best known for its credit...
-
Ukraine's credit rating cut to default territory as plan to restructure debt agreedRatings agencies S&P and Fitch have downgraded Ukraine's long-term foreign currency rating to default territory after a majority of the war-torn country’s bondholders agreed to...Budget-friendly lighting ideas to make your home look more expensiveAdding opulence to your home doesn’t have to cost lots of money. One easy way to do that is by installing new light fixtures. It’s...
-
China factories ration power as heatwave sends demand soaringChinese lithium hub Sichuan province will ration electricity supply to factories until Saturday, state media reported, as a heatwave sends power demands soaring and dries...Tachyum Submits Bid to Build 20 Exaflops SupercomputerTachyum on Tuesday said that it had submitted a bid to the Department of Energy to build a 20 exaflops supercomputer in 2025. The machine...
-
Battery power problem cuts short Russian spacewalk, Nasa saysA Russian cosmonaut had to urgently abandon his spacewalk "due to a battery power issue" on his spacesuit, the US space agency Nasa says. It...Apple sets office return deadline for staff and fires recruiters amid hiring slowdownApple set a September 5 deadline for corporate employees to be in the office at least three days a week, marking its latest return attempt...El Sisi accepts Egypt's central bank governor's resignationPresident Abdel Fattah El Sisi accepted the resignation of Egypt's central bank governor Tarek Amer and appointed him as a presidential adviser, a statement from...Sports Marketing Trends That You Should Know and UseThe digital age demands everything from those responsible for marketing in sports industry. It is almost impossible for an individual to be perfectly familiar with...
-
Emirates NBD, DIFC and Microsoft launch accelerator programme for metaverse start-upsEmirates NBD, Dubai's biggest lender by assets, has joined forces with Dubai International Financial Centre’s FinTech Hive and the US technology company Microsoft to launch...Abu Dhabi DED launches land incentive programme to drive industrial growthThe Abu Dhabi Department of Economic Development (Added) has launched a programme to incentivise land use for manufacturers in high-priority sectors to drive industrial growth.Under...Are Matching Furniture Sets Going Out Of Style?In the design world of home decor and trends, matching furniture sets have been a popular go-to trend for centuries because they're easily accessible and...
-
Emirates to suspend Nigeria flights over blocked paymentsEmirates, the world's biggest long-haul airline, said it would suspend flights to Nigeria from next month, after difficulties in repatriating funds from Africa's most populous...Mubadala-backed G42 launches $10bn technology investment fundGroup 42, the Abu Dhabi-based artificial intelligence and cloud computing company, is launching a $10 billion fund that will invest in emerging technology in high-growth...Egypt appoints Hassan Abdalla as acting central bank governorEgypt's President Abdel Fattah El Sisi has appointed Hassan Abdalla as acting governor of the central bank, state media reported on Thursday.The president had accepted...Metal Hawk kicks off 3000m campaign in WA nickel huntMineral explorer Metal Hawk has commenced a 3000m RC drill campaign aimed at nickel sulphide targets at the company’s Berehaven nickel-gold project near Kalgoorlie in...
-
All-inclusive Rixos Marina Abu Dhabi to open this yearLuxury hotel Rixos Marina Abu Dhabi will open in the capital this year. Located at Abu Dhabi Breakwater and housed in a giant pink-arched skyscraper...UAE jobs: 63% of professionals would prefer to be their own bossAbout 63 per cent of professionals in the UAE would prefer to be self-employed or have their own business if given the choice, according to...Argentina farmers hoard soybeans in standoff with governmentTypically, what Walter Malfatto reaps, he sells. For the 59-year-old farmer who toils 700 hectares (1,730 acres) of farmland in the province of Buenos Aires,...
-
Iraq’s foreign currency reserves to hit $90bn by the end of 2022 amid higher oil pricesIraq’s foreign currency reserves are expected to surge more than 12 per cent to $90 billion by the end of the year amid higher oil...Dick’s Sporting Goods boosts 2022 outlook after second-quarter earnings top estimatesDick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year.The sporting goods retailer...
-
Australia's Qantas apologizes to customers for operational problemsQantas Airways Ltd will offer A$50 ($34) vouchers, loyalty status extensions and lounge passes to frequent flyers to apologize for a rise in delays, cancellations,...Windstar Cruises eliminates pre-cruise COVID-19 testsWindstar Cruises has revised its COVID-19 protocols and procedures and will no longer require a pre-cruise COVID-19 test for embarking guests (unless required by one...Intel and Brookfield to jointly invest $30bn to boost chip manufacturingIntel, the world's largest chip maker by revenue, has joined forces with Brookfield Asset Management’s infrastructure affiliate to build semiconductor fabrication facilities in the US.Under...UAE more than doubles investments in Egypt to $1.9bn in six monthsThe UAE more than doubled its investments in Egypt during the first half of the 2021-2022 fiscal year, after a series of government-backed initiatives and...Gentcreate launches premium leather bags exclusively for menPremium brand Gentcreate is focused on producing world-class leather bags for men. On their website, the customer can browse through vintage leather messenger bags, vintage...
-
Chinese province plans ban on sale of gasoline carsHainan island in the South China Sea says it will become China's first region to ban sales of gasoline- and diesel-powered cars to curb climate-changing...Global ransomware damages to exceed $30bn by 2023, report findsRansomware is the number one threat to large and medium-sized businesses — including government, health care and other critical organisations — and global ransomware damages...US GDP revision shows mild economy contraction in second quarterThe US economy shrank at a 0.6 per cent rate in the second quarter of 2022, a more moderate pace than initially thought but still...Producers warned of potential strike impact on Salmonella samplesEgg and poultry meat producers in England have been told to prepare for disruption to sampling deliveries because of strike action. The National Farmers Union...
-
TikTok stars boycott Amazon in activism pushTikTok influencers boasting collectively more than 51 million followers say they won't work with Amazon until the e-commerce colossus delivers key concessions to workers and...Waldorf Astoria makes its debut in Kuwait with a 200-room luxury hotelOne of New York’s most historic hotel brands has made its debut in Kuwait. The much-anticipated Waldorf Astoria Kuwait is now welcoming guests for overnight...Majid Al Futtaim’s first-half earnings jump 18% on revenue boostMajid Al Futtaim Holding, one of Dubai biggest private sector companies and the Middle East's largest mall operator, reported an 18 per cent rise in...Finland’s Fazer group explores cellular agriculture for cocoa growingFinnish-based group Fazer has reported development of a key scientific project exploring the potential of cellular agriculture as a means for growing cocoa, reports Neill...
-
UAE cable maker Ducab aims to boost exports to India after CEPA pactUAE cable maker Ducab expects more growth opportunities in India following the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the Emirates and Asia’s...iOS 16 beta: release date, features and all you need to know about iPhone updateiOS 16 ― one of the biggest operating system updates in the history of iPhones ― is on its way. “iOS 16 is a big...Emirates adds another feather in its cap with Gerry the Goose ‘Fly Better’ campaignFrom September, the global ad campaign will be in full flight across the world, reminding customers that Emirates provides an ‘impeckable’ travel experience on-board with...Saudi Arabia’s Ma’aden in pact with India to boost exports of fertiliser productsSaudi Arabian Mining Company, better known as Ma’aden, signed four preliminary agreements with Indian companies to boost exports of phosphate products and ammonia to Asia’s...School Stationery Trends, Active Key Players, and Growth Projection Up to 2030The "School Stationery and Supplies Market" Report by SMI is a research study planned to focus on all the major marketing factors propelling the growth...
-
China's jobless turn to car boot sales as COVID-hit economy stallsWhen the COVID-19 pandemic forced Wang Wei to shut his tourism company, the Tianjin native poured his life-savings of 80,000 yuan ($11,785) into selling coffee...Foreign tourists will now be able to extend their stays as COVID easesAs per the latest development, Thailand will now start permitting an extended length of stay for foreign tourists between October and March. This move comes...Facebook agrees to settle Cambridge Analytica data breach lawsuitMeta Platforms settled a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica.The preliminary settlement, disclosed in a court...IMF warns of risks from highest inflation in decades and calls for decisive actionThe global economy needs decisive monetary policy action from central banks around the world to minimise risks stemming from the highest inflation in decades, which...Outdoor lighting for fall and winterThere’s something to be said about landscaping and lighting for wintertime. While most of us don’t think about our exterior “look” in the colder months,...
-
Common mistakes people make with home generatorsAfter experiencing a long power outage at home, the importance of ensuring that power is consistent and reliable can become a priority. For those who...South Korea to scrap COVID tests for arrivals in boost for travelSouth Korea will scrap predeparture COVID-19 tests for arrivals, lifting some of the last pandemic-related border controls in a boost to the country’s beleaguered travel...Efforts to pass global ocean protection treaty failA fifth effort to pass a global agreement to protect the world's oceans and marine life has failed. Talks to pass the UN High Seas...Trump's Truth Social booted off Google Play storeFormer US president Donald Trump's social media platform Truth Social has not yet been approved for distribution on Alphabet's Google Play Store due to insufficient...Global food prices under pressure as drought conditions deteriorateDrought is shrinking crops from the US Farm Belt to China’s Yangtze River basin, increasing fears of global hunger and weighing on the outlook for...