Archive / february - 2022
-
Amazon accused of anti-union tactics in New YorkU.S. labor authorities have filed a complaint accusing e-commerce giant Amazon of using threats and surveillance against its workers trying to organize a union at...
-
Corporate tax: here is how the UAE compares with other global trading centresThe UAE has announced plans to introduce a federal corporate tax of 9 per cent from June 1, 2023, as it seeks to establish itself...Saudi Arabia unveils more than $6.4bn in technology and start-up investment at LeapSaudi Arabia unveiled more than $6.4 billion worth of investments in future technologies and entrepreneurship to accelerate the kingdom's digital transformation and boost its digital...
-
Summer is the hottest time to travelMost travelers prefer to do so in the summer months, according to a joint survey conducted by GO Airport Express, and The GO Group, LLC....New York Times buys viral word game WordleThe New York Times said on Monday that it has bought Wordle, the free online word game that has exploded in popularity and, for some,...GCC economies set to grow at fastest pace in a decade on higher oil pricesGCC economies are expected to grow at their fastest pace in more than a decade, beating emerging market peers this year, as higher oil prices...Moons may yield clues to what makes planets habitableEarth's moon is vitally important in making Earth the planet we know today: the moon controls the length of the day and ocean tides, which...
-
Pursuit introduces re-imagined Miette Mountain CabinsPursuit has introduced an updated look to its popular Jasper wilderness lodging with the unveiling of Miette Mountain Cabins. Nestled within the pristine snowcapped mountains...Google to work with Ford on Detroit research hubFord Motor Co announced Friday that Google is joining the automaker's effort to transform a once-dilapidated Detroit train station into a research hub focused on...World Bank-backed IFC plans to invest $10bn in Africa to support small businessesThe International Finance Corporation plans to ramp up its new investments in Africa to $10 billion annually, in support of businesses it sees helping to...Mark Zuckerberg's net worth plummets $29bn as Meta's share price sinksMark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms' stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was...
-
Australia hopeful to welcome international travellers in AprilAustralia might reopen to international tourists in April during the time of Easter. Scott Morrison, the Prime Minister of the country, made the announcement while...Global polyester fiber market share and scopes for BangladeshIn the total fiber consumption market the polyester share was 52% compare to other natural and chemical fiber where cotton share was 24.2% in 2020,...Olympic ice rinks put spotlight on potent greenhouse gasesThe ice rinks that play host to figure skating and speedskating competitions at the Beijing Olympics will also be putting a major environmental problem on...Poor countries face $35bn in payments this year on sluggish debt restructuringSlow progress on a plan by the biggest economies to help debt-ridden developing nations restructure what they owe is spurring concern from the International Monetary...Peloton shares rise on possible Amazon takeoverShares in at-home fitness company Peloton jumped on Friday evening in extended trading on Wall Street amid reports of the company's potential takeover by e-commerce...Megaberg dumped huge volume of fresh waterThe monster iceberg A68 was dumping more than 1.5 billion tonnes of fresh water into the ocean every single day at the height of its...
-
Dubai adds 98 new economic activities in 2021 amid recoveryDubai added 98 new economic activities in 2021, up 88 per cent from the previous year, highlighting the emirate's rapid recovery from the coronavirus-induced headwinds.The...
-
British demand for French holidays is currently soaring according to data, after interest in 2021 plummetedReopening its border for vaccinated travelers this month, recent figures indicate that Britons are once again considering France as a holiday destination with searches for...Emerging technologies play a critical role in safeguarding the UAE's financial integrityNew age technologies are driving the way forward in finance and the UAE government is calling for increased adoption of such innovations to become more...After 20 years, Indonesia’s ExxonMobil accusers eye day in courtJohn Doe can still recall the moment his alleged torturers made him believe he would never see his family again.It was in 2000 in Aceh...kitchen ceiling lighting ideas designed to flatter any spaceOut of all the lighting decisions you'll need to make for a new kitchen, your kitchen ceiling lighting ideas will be the big hitters for...
-
A map for the sense of smelThe distinctive smell of a flower… the unmistakable aroma of coffee… the dangers linked with inhaling smoke fumes. Sensory systems have evolved to provide us...Mecho Autotech gets $2.15M to expand vehicle maintenance and repair services in NigeriaNigeria has more than 12 million registered vehicles, and approximately 90% of them are used cars that need frequent checkups to prevent recurring breakdowns. Given...Bahrain to offer long-term golden permanent residency visa to attract talentBahrain's Cabinet on Monday approved a new visa that will grant long-term residency to selected foreigners as the country seeks to attract talent and boost...Asian stocks follow Wall St higher after reboundAsian stocks rose Wednesday after Wall Street rebounded as investors waited for U.S. inflation data that might influence the pace of Federal Reserve interest rate...
-
Samsung phones with parts made from fishing netsSamsung has announced a range of new Galaxy smartphones, offering improved cameras and the option of a stylus. The firm talked up the use of...Global chip shortage: Toyota profits fall as production hitThe company said that its third quarter operating profit came in at 784.4bn yen (£5bn; $6.8bn). The world's best-selling carmaker also cut its annual production...
-
Climate change has likely begun to suffocate the world’s fisheriesOceans carry dissolved oxygen as a gas, and just like land animals, aquatic animals need that oxygen to breathe. But as the oceans warm due...Why Europe's summer season could boost UK vaccination numbersA boom in UK bookings for summer holidays in Europe makes it “highly possible” many people yet to be vaccinated against Covid-19 will be immunised,...FinTech Pyypl raises $11m in early-stage funding to expand in GCC and AfricaUAE-based FinTech Pyypl raised $11 million in an early-stage funding round it will use to continue its growth in its core GCC markets and expand...Adnoc Distribution’s Q4 revenue jumps 50% amid economic recoveryAdnoc Distribution, the UAE’s largest fuel and convenience retailer, reported a 50.1 per cent surge in its fourth-quarter revenue and the company expects positive growth...Textile millers want cut in VAT on all kinds of yarnBangladesh Textile Mills Association (BTMA) urged the government to set value-added tax (VAT) on all kinds of yarn at Tk3 per kilogram in the next...
-
Greece aims to regain investment grade status next year to unlock billions in fundsGreece wants to regain investment grade status in early 2023, said Prime Minister Kyriakos Mitsotakis, who pledged not to deviate from fiscal targets. “I want...
-
SH Vega, Swan Hellenic’s second bespoke expedition cruise ship, is now on the waterSwan Hellenic announced that Helsinki Shipyard had floated SH Vega out of dry dock. SH Vega is the twin ship of SH Minerva, launched at...China’s tech giants push toward an $8 trillion metaverse opportunity — one that will be highly regulatedThe metaverse with Chinese characteristics. That’s how the virtual world that everyone’s talking about will likely look in the world’s second-largest economy. China’s technology giants...Grains surge amid supply concerns over UkraineWheat surged as mounting tensions over Ukraine stoked concern about the outlook for grain shipments from Eastern Europe. Futures in Chicago climbed as much as...Oil jumps amid escalating tensions between Russia and UkraineOil prices jumped in afternoon trading Friday amid escalating tensions between Ukraine and Russia. With about 2 hours left to the trading day, U.S. National...
-
A microbial compound in the gut leads to anxious behaviors in miceA Caltech-led team of researchers has discovered that a small-molecule metabolite, produced by bacteria that reside in the mouse gut, can travel to the brain...Classic Journeys' definitive guide to where to travel in 2022In preparation for a busy 2022, luxury tour operator Classic Journeys has expanded its offerings, doubling its inventory for its US tours and adding departure...Apple moves to stop AirTag tracking misuseApple plans to introduce a number of changes to make it harder to misuse AirTags to track someone. The button-sized devices are designed to work...Saudi Arabia announces next steps in licencing process for its largest mining siteSaudi Arabia announced the next steps related to the awarding of licences for the Khnaiguiyah project, the kingdom’s largest mining exploration site. Interested prospective investors...
-
UAE's robotics start-up Micropolis raises $4m to fuel growthDubai-based robotics and autonomous technology start-up Micropolis has raised $4 million in new investment round led by San Francisco-based venture capital firm Mindrock Capital.The funding...UAE and Philippines agree to begin talks to boost economic co-operationThe UAE and Philippines have agreed to initiate talks to establish a Comprehensive and Economic Partnership Agreement (Cepa) to solidify trade and investment ties between...Asian shares rise on easing of Ukraine tensions, cheaper oilAsian shares rose Wednesday, buoyed by hopes for a diplomatic solution instead of a Russian invasion of Ukraine. But analysts warned the tensions were far...Digital Dyeing Technology Produces No Wastewater, Reduces Energy in Textile ProductionA low energy, waterless textile dyeing technology is being installed at JSRTEX Group in Taiwan to improve the sustainability of the company’s textile production and...Plant Smoke Detectors Evolve as Hormone SensorsWildfires are devastating, but they can also bring new life by clearing existing vegetation and allowing new plants to spring up. Many plants in fire-prone...Top ecommerce companies, startups step up campus hiring at B-schoolsTop ecommerce players and startups, including Amazon, Flipkart, Meesho, upGrad, Rupeek and CredAvenue, showed an all-time high appetite for talent from business school campuses this...
-
Google to overhaul ad tracking system on Android devicesGoogle announced plans Wednesday to limit ad tracking on its Android operating system running on billions of devices, a sensitive privacy issue that rival Apple...Global trade jumped 25% to record $28.5tn in 2021, Unctad saysGlobal trade increased an annual 25 per cent last year to a record $28.5 trillion after being battered by the Covid-19 pandemic, a report from...China inflation slows as gov't vows to keep prices under controlInflation in China slowed in January, official data showed Wednesday, as the government pledged to keep prices in check in the world's second-biggest economy. The...
-
Scientists reveal how Venus fly trap plants snap shutScientists at Scripps Research have revealed the three-dimensional structure of Flycatcher1, an aptly named protein channel that may enable Venus fly trap plants to snap...Employers' intent to hire freshers rises by 30% for Jan-JunThere is a 30 per cent spike in the intent to hire freshers in the January-June period of this year, as compared to the previous...WorldHotels unveils three new properties throughout EuropeWorldHotels announced the addition of three new properties to the brand’s esteemed portfolio of global hotels. The Gleddoch Hotel Spa & Golf and The Bruntsfield...Ford's chief looking at ways to separate EV unit to harness the value Tesla is enjoyingFord Motor, one of the largest car makers in the US, is looking at ways to separate its electric-vehicle operation from its century-old legacy business,...Global banks place bets on how many US Fed rate increases are in store for 2022Major investment banks have pencilled in a strong run of interest rate increases for 2022 after hotter-than-expected inflation data piled pressure on the US Federal...Gabriella Crespi rattan furniture is revived by GubiDanish furniture company Gubi honours Gabriella Crespi on what would have been the late designer’s 100th birthday (17 February 2022), with the reissue of a...
-
Dubai-listed Agility boosts stake in UK aviation services company John Menzies to 19%Agility, one of the largest logistics companies in the Middle East and North Africa, has increased its stake in UK-based aviation services company John Menzies...Asian shares drop as Putin orders troops to east UkraineShares fell sharply in Asia on Tuesday after Russian President Vladimir Putin ordered troops into separatist regions of eastern Ukraine, suggesting a long-feared invasion was...
-
Middle East construction pipeline sees slight growth for the 2nd consecutive QuarterAccording to the Lodging Econometrics (LE) Q4 2021 publication of its Construction Pipeline Trend Report for the Middle East, the hotel construction pipeline in the...UAE to boost number of specialised AI laboratories in the countryThe Emirates plans to boost the number of specialised artificial intelligence laboratories in the country and accelerate AI research initiatives, the UAE Council for Artificial...Global long-term sukuk issuance reached $88bn in 2021, Moody's saysGlobal sovereign long-term sukuk issuance, including those by the multilateral banks, dropped 22 per cent to $88 billion in 2021 as improving economic sentiments reduced...Watch as this unbelievable wood furniture assembles itselfImagine buying a new chair from Ikea. You bring the flat box home and open it up. But instead of grabbing a hex wrench and...
-
Saudi Arabia's Acwa Power closes $1.3bn debt facility for Red Sea ProjectA consortium led by Saudi Arabia’s Acwa Power closed a senior debt facility of more than $1.3 billion that is being used to finance a...
-
Onset of modern sea level rise began in 1863, study findsAn international team of scientists including Rutgers researchers has found that modern rates of sea level rise began emerging in 1863 as the Industrial Age...Toshiba cloud service simplifies & secures printing for modern work forcesToshiba America Business Solutions is simplifying the printing process for organizations of all shapes, sizes and sectors.Toshiba's new cloud-based Encompass ™ Managed Print as a...IMF commends UAE's anti-money laundering effortsThe International Monetary Fund has praised the UAE’s efforts to clamp down on financial crimes, especially money laundering.In a recent report, the Washington-based fund commended...IT problems cause BA cancellations and delays at HeathrowBritish Airways has been forced to cancel a number of flights at Heathrow Airport due to "significant technical issues". Passengers complained of delays and cancellations...
-
UK-based scientists smash nuclear fusion energy recordScientists in the United Kingdom say they have made a major breakthrough in their quest to develop practical nuclear fusion, an achievement hailed as a...Moody’s places Russia and Ukraine ratings on review for downgradeMoody’s Investors Service placed the sovereign ratings of both Russia and Ukraine on review for downgrade following Vladimir Putin’s decision to militarily invade the neighbouring...Russia-Ukraine conflict raises big risks for global economyJust what a vulnerable world economy didn’t need — a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to...
-
Exploring Galapagos post-pandemic: Five things you should knowAs the world steps closer to normalcy and travel and tourism destinations open once again, travelers are once again looking at the best places to...How Europe can boost energy security and reduce its reliance on Russian gasJanuary is the cruellest month when it comes to European gas demand. It is now the end of February and the continent has almost a...Russian rouble plunges to record low amid outrage over UkraineThe Russian rouble plummeted to a record low against the dollar on Monday amid an accelerating Western-led campaign to punish and isolate Moscow over its...We Tried TCL's New Foldable Phone Concepts with Rollable and Bendable ScreensTCL hasn't released a foldable phone yet, but that hasn't stopped it from coming up with new ideas. The company is showcasing two new foldable...