Archive / july - 2022
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Etihad’s flagship A350 jet makes inaugural flight to the USEtihad’s new A350 aircraft completed its inaugural passenger flight to the US on Thursday. Lighter, quieter and greener than previous-generation Airbus aircraft, the jet’s arrival...UK decides AI still cannot patent inventionsThe UK's Intellectual Property Office has decided artificial-intelligence systems cannot patent inventions for the time being. Patents assign the ownership of a new invention to...New map of ancient trees an opportunity for conservationA new map shows there could be around two million trees with exceptional environmental and cultural value previously unrecorded in England. That's ten times as...Russia moves to take control of Sakhalin-2 oil and gas projectRussian President Vladimir Putin signed a decree on Thursday to take charge of the Sakhalin-2 project. The move could force Shell and Japan's Mitsui and...Nanotechnology in Medicine: Regulatory trendsListed below are the regulatory trends impacting the nanotechnology in medicine theme, as identified by GlobalData.Unlike most MedTech industries, the nanomedicine market remained relatively unscathed...
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Sony launches PC gaming gear, expanding beyond PlayStationJapan's Sony is launching a new brand that will offer PC gaming gear, the company announced Wednesday, as it tries to compete for a share...Libya shuts two export terminals and an oilfield amid political turmoilOpec member Libya has shut down two of the country's biggest export terminals and an oilfield during the continuing political turmoil in the country, resulting...89% of luxury bookings are for Europe this summer, expert revealsDespite recent chaos in airports around the world, recent figures reveal that travelers are still opting for last-minute European vacations over other destinations when booking...Sri Lanka has made 'considerable progress' towards its economic reform programme, IMF saysSri Lankan authorities have made "considerable progress" in formulating an economic reform programme to tackle the financial crisis in the country, the International Monetary Fund...Ford recalls nearly 2,900 electric F-150 Lightnings over tire pressure issueFord Motor Co. is recalling nearly 2,900 all-electric F-150 Lightning trucks over an issue with a tire pressure monitoring system that the automaker says can...
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White collar job openings dip in June amid slowing tech intakeIndia’s white collar job market recorded a drop in active vacancies month on month in June due to a slowdown in hiring velocity in the...SeaDream Yacht Club opens 4th Quarter 2024 Caribbean VoyagesSeaDream Yacht Club has just opened 4th Quarter 2024 Caribbean voyages. At just 344 ft., newly renovated luxury yachts SeaDream I and SeaDream II are...Global financial centres 'to be more green, digital and inclusive by 2030'Successful financial centres around the world will become more green, digital, inclusive and collaborative by 2030 in response to global macroeconomic challenges that require sustainable...Etisalat launches GoChat Messenger for free voice and video calls in UAEThe UAE's biggest telecoms operator, etisalat by e&, has launched a new messaging platform called GoChat Messenger, an all-in-one app that provides solutions in areas...China's Baidu races Waymo, GM to develop self-driving carsWith no one at the wheel, a self-driving taxi developed by tech giant Baidu Inc is rolling down a Beijing street when its sensors spot...
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Uber signs deal for Australian gig worker rightsUber has reached a deal with a powerful Australian union after years of legal battles, campaigns and negotiations that will offer 100,000 drivers and food...How India became the global ‘guru’ of instant paymentsThe rapid growth of India's digital economy is a model nations around the world would like to emulate. The phenomenal rise in its online payments...Global recession risk 'rising sharply' due to combination of shocks, IIF saysThe risk of a global recession is “rising sharply” amid a combination of “shocks”, including the impact of the Russia-Ukraine conflict on the eurozone, Covid-19...Gourmet food retailers adapting 'forgotten' foodsGourmet food retailers are adapting traditional forgotten foods such as bandel cheese, palm shoots and banana flowers, as the trend towards discovering local and healthier...
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Luxury island destination Hilton Maldives Amingiri Resort & Spa ready to openMilton Maldives Amingiri Resort & Spa will open on Friday. The property features 109 over-water and beach villas, all with private pools. There are one...First European astronaut to walk on Moon by 2030, push to MarsThe European Space Agency on Tuesday released its latest roadmap for space exploration as it pushes deeper and farther beyond Earth's orbit. The roadmap, dubbed...Redmi K50i 5G is coming to India this month, gets a launch datePutting an end to all speculations, Redmi has confirmed launching the K50i 5G in India. Xiaomi’s sub-brand Redmi will unveil the smartphone on July 20,...SpiceJet share price hits one-year low amid recent mid-air technical glitchesSpiceJet's share price on Wednesday hit a one-year low level after falling as much as 7 per cent. The airline's shares tumbled to its 52-week...GFI finalizes new pea-splitting facilityGlobal Food Ingredients Ltd. (GFI) detailed on June 29 that its new pea-splitting facility has finished construction. The state-of-the-art facility is part of the company’s...
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Egypt’s economy grew 6.2% in 2021-22 fiscal yearEgypt’s economy grew 6.2 percent in the 2021-2022 fiscal year that ended on June 30, said the country's Minister of Planning and Economic Development, Hala...Zimbabwe to mint gold coins to tackle rising pricesThe country's central bank also outlined plans to make the US dollar legal tender for the next five years. The central bank's main interest rate...Middle East and Central Asian economies need more tax reforms, IMF saysThe Middle East and Central Asian economies need to streamline their taxation systems to boost revenues and tackle challenges compounded by the Covid-19 pandemic and...BA to 'cancel 800 flights for more than 100,000 holidaymakers'British Airways will cancel flights for more than 100,000 holidaymakers to try to avoid the travel disruption recently at UK airports.BA will pull an estimated...'Guerrilla' sales, crowdsourcing: Japan's game console crunchIt's still dark when the line starts forming outside an electronics store in Tokyo, as desperate gamers try to snag the latest PlayStation or Xbox...
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Volatility in Global Energy Markets: Implications for IndiaBackgroundRussia is the largest net exporter of fossil fuels (coal, oil, and gas). It is the world’s largest oil (crude and products) exporter shipping 8...
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A seaside stay in the South of France at Radisson Blu Hotel, Nice - Hotel InsiderThe French Riviera is known for its glamour and beauty, and its capital Nice is more than nice. Famed for its beautiful coastline, architecture and...Nothing Phone (1): Much hyped UK-made smartphone is launchedAn official launch event for Nothing Phone (1) took place in London on Tuesday, revealing one of the most highly anticipated smartphones in years. The...IMF set to cut global growth outlook as recession looms amid mounting inflation risksThe rising risk of a recession, broad-based inflation and subsequent interest rate increases are weighing on the economic recovery that will force the International Monetary...Canada real estate: Home sales, prices plunge from highs as interest rates riseThe Canadian housing market continued to cool in June, with sales and prices falling in the wake of rising interest rates.The Canadian Real Estate Association...
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Gaia continues quest for the ultimate sky mapEurope's Gaia telescope has dropped its latest batch of data as it seeks to assemble the largest catalogue of light sources in the sky. It...Planning your career? Don’t forget to plan your finances alongsideWhile we have heard this mutual fund disclaimer often, there is a key question. How has it impacted our approach to money and investing?Saving is...African start-ups explore metaverse and NFTs to tackle economic woesIt might sound like science fiction, but a Nigerian-born tech entrepreneur thinks he has found a way for Africans to escape problems such as inequality...Pakistan reaches agreement with IMF to resume funding and 'stabilise' economyPakistan has reached a staff-level agreement with the International Monetary Fund to resume its loan programme, which will help pave the way for the country...Nike Debuts New Style Concept Shop in Seoul Featuring Gender-Agnostic Items & Content StudioNike opened a new retail concept shop in Seoul, South Korea, on Friday. According to the Beaverton, Ore.-based athletic brand, the new store, dubbed “Nike...
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Several hundred birds found dead at Norfolk nature reserveSeveral hundred sea birds have been lost to bird flu at a nature reserve in Norfolk. The breeding colony of sandwich terns, at Scolt Head...Habitas AlUla launches three-day weekend wellness programmeHabitas AlUla is inviting guests to embrace the summer heat with new three-day wellness programmes. The eco-hotel is collaborating with renowned health practitioners to develop...Twitter in limbo amid struggle to cope with anxious employees and wary advertisersAnxious employees, wary advertisers and hamstrung management: Twitter is limping along as it waits to learn how the fight over Elon Musk's buyout bid will...African countries must diversify exports to survive global crises: UnctadAfrican countries must strive to diversify their exports to survive economic shocks from global crises such as the Covid-19 pandemic and the Ukraine war, according...Agricultural, processed food exports up 14% in Apr-JuneIndia’s agricultural and processed food product exports have increased by 14 per cent to $5.987 billion in the first three months – April to June...
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Microsoft launches simulator to train drone AI systemsMicrosoft has launched a platform to train the artificial intelligence (AI) systems of autonomous aircraft. Project AirSim is, in effect, a flight simulator for drones,...How Brazil is capitalising on instant coffee boomAs inflation drives up global coffee prices, cheaper robusta beans are in hot demand — and Brazil may be the market to supply it. Although...How Dubai's direct debit rent payments will ease cashflow issues for tenantsKuldip Lakhani, an information specialist in Abu Dhabi, recalls an incident last year when his landlord lost one of his postdated rental cheques. “I had...Can everdrop scale its plastic-bottle-free cleaning products, as well as build a global brand?Household cleaning chemicals in the form of a tablet that can be dissolved in water appear to have given rise to a number of startups....
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Nine special summer hotel deals around the world, from Marrakesh to MayfairIf you're yet to firm up your summer travel plans, a special deal at a standout hotel might help you make up your mind. From...Samsung to unveil new foldable smartphones on August 10Samsung Electronics will hold its next Unpacked event on August 10 to reveal the next generation of its foldable smartphones. The world's biggest mobile phone...Dubai records 25% increase in new business licences in first half of 2022Dubai issued 45,653 new business licences in the first half of 2022, an annual jump of almost 25 per cent, reflecting strong business sentiment and...Performance fabrics: How do they really perform?When it comes to selling performance fabrics, brands say that having a thorough knowledge of the category is a must. According to industry players, pre-COVID...
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UK heatwave: Why is it so hot?Why are we seeing such brutal temperatures?Climate scientists say the answer is climate change. The Met Office estimates that the extreme heat we are seeing...From plane wreck to dive site: five sunken jets transformed into underwater worldsWater adventure tourism is on the rise as travellers seek out activities with the extra thrill factor.Scuba diving accounts for a sizeable part of that...Netflix to rely on Microsoft for its ad-backed video serviceNetflix has picked Microsoft help deliver the commercials in a cheaper version of its video streaming service expected to launch later this year with a...Larger interest rate rise an option this month, says BoEA 50-basis point rise in the interest rate will be on the table at the next meeting of the Bank of England’s decision-makers, the Bank’s...FDA adds AEDs and other medical devices to shortage listThe FDA has added automated external defibrillators (AEDs), chest drains/suction canisters and autotransfusion systems to its list of medical devices in short supply. AEDs —...
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Neutron stars: New telescope detects dead suns collidingAstronomers can for the first time detect the smashing together of dead suns known as neutron stars, thanks to a powerful new telescope. Collisions of...Six tips to prevent lost luggage at the airportThe summer of travel chaos continues as passengers face lengthy delays, cancelled flights and lost luggage at airports around the world. With demand back to...Baidu self-driving car with detachable steering wheel likely to hit China's roads in 2023Baidu, China's search engine equivalent of Google, has introduced its latest self-driving car, which is fitted with a detachable steering wheel.The company says the battery-powered...Tunisia has made 'good progress' on economic policies and reforms, IMF saysTunisia has made “good progress” on economic policies and reforms to be supported by an International Monetary Fund programme and discussions will continue over the...Hidden Lighting Illuminates the Path for Tomorrow’s Safer, More Stylish VehiclesOne of your next vehicle’s most crucial safety features may not even be visible until you need it. A first-to-market product called “Breakthrough Lighting” offers...
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Prince Alwaleed's Kingdom Holding invests $268m in Europe's M&GKingdom Holding, the investment company controlled by Saudi Arabia's Prince Alwaleed bin Talal, invested more than a billion Saudi riyals ($268.4 million) in M&G, one...Automakers targeting average households with new crop of EVsIn their first rollouts of electric vehicles, America's automakers targeted people who value short-range economy cars. Then came EVs for luxury buyers and drivers of...
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IMF creates its first global gender strategy to better tackle inequalitiesThe International Monetary Fund has adopted a strategy to better integrate gender policies into its work as global crises have disproportionately affected women and further...American Queen Voyages announces new post-cruise experience in Vancouver and VictoriaAmerican Queen Voyages, part of the Hornblower Group, is launching a new City Stay Package in 2023, giving guests the option to enjoy a post-cruise...Fitch downgrades Ukraine as debt restructuring and deferral plans beginFitch Ratings lowered Ukraine's credit score after the war-torn nation started the formal process of restructuring $22.8 billion in sovereign debt and deferring payments on...AMD Establishes New CPU Design Center in NYAs AMD's sales skyrocketed in recent years, so did its Research and Development (R&D) budget. With hundreds of millions in R&D budget per quarter, AMD...
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Russia to pull out of International Space StationRussia says it will withdraw from the International Space Station (ISS) after 2024 and build its own station instead. The US and Russia, along with...Uttarakhand: 10 high-altitude trekking routes and 30 unscaled peaks opened for climbersThe Uttarakhand state government has opened 10 high-altitude trekking routes and 30 unscaled peaks for trekkers and mountaineers. This move comes in the wake of...Samsung posts 12% rise in Q2 profit and record revenue as semiconductor sales hit new highSamsung Electronics reported a more than 12 per cent surge in second-quarter net profit, as well as record revenue during the period, as semiconductor sales...Gulf central banks raise interest rates after Fed doubles down to tame inflationThe central banks of the UAE, Saudi Arabia, Bahrain, Kuwait and Qatar raised their benchmark borrowing rates after the US Federal Reserve doubled down and...PCX Markets launches global platform for purchasing certified plastic creditsSingapore-based PCX Markets has launched an online platform for purchasing certified plastic credits from multiple providers. The platform is a commercial plastic credit marketplace bringing...
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Nissan's profits plunge on COVID lockdown, chips crunchJapanese automaker Nissan's profit plunged in the last quarter to less than half of what it was a year earlier as the COVID-19 lockdown in...Banks battle talent attrition as new-age tech cos line up with attractive offersLenders are witnessing an abnormally high level of attrition rate as new-age companies are engaging in a talent war to offer lucrative salary packages, especially...Divers describe 'incredible' plunge into icy corridor between two continents in IcelandIn between the North American and Eurasian tectonic plates, Silfra fissure in Iceland is one of the world's most famous dive sites, popular with tourists...How major global economies diverged in the second quarterMajor economies diverged in the most recent quarter, underscored by a second straight decline in US gross domestic product while results for the eurozone shocked...Construction Machinery Leasing Market Key Players & Growth Rate and Forecasts to 2028Construction Machinery Leasing Market, to decide whether to buy or lease, consider a number of factors, including your budget, the cost of the equipment, and...