Archive / Business - 2021
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Lower Salford hears LED lighting feasibility studyThe streetlights in Lower Salford could be changing to light emitting diode next year. “The reason that you want to look at an LED upgrade...Saudi Arabia’s Jabal Omar gets approval to restructure $800m government loanJabal Omar Development Company, one of Saudi Arabia's biggest listed developers, received approval from the Ministry of Finance to restructure a 3 billion Saudi riyal...Flights briefly halted after accidental gun discharge at Atlanta airport, three injuries reportedAn accidental gun discharge at Hartsfield-Jackson Atlanta International Airport’s security screening area on Saturday afternoon led to all departing flights being briefly halted.The airport said...Apple affirms employees' right to speak about working conditions, in a win for Apple Too movementApple posted a statement to its employees Friday evening reminding them of their rights to speak up about their pay and working conditions. The move...U.N. warns of soaring prices in 2022 due to freight rate spikeThe United Nations warned Thursday that a surge in container freight rates could mean higher prices for consumers next year unless pandemic-fueled problems are untangled.The...India’s Jindal to build coal mine in Botswana despite climate change concernsIndia's Jindal Steel & Power will start building a coal mine in Botswana's southeastern Mmamabula coalfields in 2022, aiming to supply the export market and...‘I have been with my employer since February and still don’t have a work visa’The company I work for has not obtained an Emirates ID card for me. I joined the company in February 2021 and they told me...Rolls-Royce says 'Spirit of Innovation' electric plane is world's fastest EVRolls-Royce Holdings on Friday said its Spirit of Innovation electric plane is the world’s fastest electric vehicle after setting what it believes are three world...Belgium announces new Covid restrictions, but prime minister vows to avoid lockdownBelgium is toughening up social restrictions as Covid-19 cases surge, but Prime Minister Alexander de Croo tells CNBC the aim is still to keep society...Essex Workshop Crafts Handblown Lighting That Merges Art and FunctionJeanette Medlin Barlow faced a dilemma when it came to her dining room. Growing up in the south, the idea of a grand formal space...Evergrande shares slip after deal to raise $273 million in a business saleIndebted property developer China Evergrande is set to raise about $273 million by selling its remaining shares in film production and streaming company HengTen Networks,...Amazon to stop accepting Visa credit cards in UKAmazon will stop accepting Visa credit cards issued in the UK from 19 January, the online retail giant has said. It said the move was...Rare case of woman's body ridding itself of HIVA woman from Argentina appears to have rid herself of HIV without drugs or treatment - the second documented case of its kind in the...Adnoc and Taqa to form global renewables and hydrogen ventureAdnoc and Taqa have teamed up on a global renewable energy and green hydrogen venture that will have a generating capacity of 30 gigawatts by...Japan's car exports keep plunging due to supply issuesJapan's car exports continued to plunge in October, seeing a 36.7 percent fall from a year earlier amid a parts and semiconductor shortage that led...Oxy CEO: Global oil demand to grow beyond pre-pandemic levels by 2023Global oil demand will increase beyond pre-pandemic levels of 100 million barrels per day in 2023, accelerated by economic recovery in India and China, according...Dubai Airshow 2021: India's Akasa Air places $9 billion order for 72 Boeing 737 Max jetsIndia's Akasa Air placed an order for 72 Boeing 737 Max jets valued at nearly $9 billion at list prices during the Dubai Airshow on...Google: US technology giant to invest $740m in AustraliaGoogle has announced that it will invest A$1bn ($740m, £550m) in Australia over the next five years. It is the US technology giant's largest investment...UAE calls for united front to combat global 'cyber pandemic'Governments, businesses and individuals should form a united front to tackle the “cyber pandemic” as the world goes through an accelerated digital transformation, according to...Boeing offers promise of comfort on 777X jet but no visibility on delivery scheduleExpect the unexpected they say. But if and when you find a chance to board a Boeing 777X as a passenger, expect the expected: a...The Quest To Avert the Tragedy of PlasticPlastic is a boon to many industries as a versatile material that can be moulded into myriad products from simple packaging bags to life-saving medical...UAE's wealthy are more risk averse since the Covid-19 pandemic, survey findsAbout 43 per cent of affluent individuals in the UAE believe the Covid-19 pandemic weakened their confidence in their finances and prevented them from achieving...Dubai Airshow 2021: Saudia in ‘advanced talks’ with Boeing and Airbus for widebody jetsSaudi Arabian Airlines, known as Saudia, is considering placing an order for widebody planes next year that will fuel expansion plans with its low-cost unit...Abu Dhabi Ports Group's nine-month revenue rises 22% in 2021Abu Dhabi Ports Group, the operator of industrial cities and free zones in the emirate, reported a 22 per cent increase in revenue during the...Woodforest Plans 1st Annual Tree Lighting Nov. 29A traditional tree lighting will be the star attraction of the Light Up the Pines first annual commercial tree lighting ceremony hosted by Woodforest from...AI start-up funding hits record $17.9bn in Q3Artificial intelligence start-ups continue to attract increased investments, reporting mega deals in the third quarter of the year even as many businesses struggled due to...Steady need for new planes despite pandemic: AirbusThe pandemic will have no long-term impact on the need for new aircraft, according to a market outlook released Saturday by European plane maker Airbus,...Why tech start-ups are riding the IPO wave sweeping across IndiaA flurry of technology start-ups are listing on stock exchanges in India, driven by a boom in the maturing digital sector – and the rush...Explainer: What it takes to recycle the world's biggest passenger aircraftEmirates, the biggest customer of the Airbus A380, said earlier this month it has started to strip down its first retired four-engined mammoth aircraft, saving...Elon Musk: Tesla boss sells $5bn of shares after Twitter pollTesla chief executive Elon Musk has sold around $5bn (£3.7bn) of shares in the electric carmaker. It comes days after he asked his 63 million...Toyota defends skipping COP26 emissions pledgeToyota Motor Corp on Wednesday defended a decision not to sign an emissions pledge proposed during the COP26 climate talks, saying its global business would...Taqa profit doubles on higher oil prices and economic recoveryAbu Dhabi National Energy Company, better known as Taqa, said its third-quarter net profit doubled due to improved economic growth and higher oil prices.Net profit...Cityscape 2021: Sobha Realty to build new $4bn mega project in Dubai next yearDubai developer Sobha Realty plans to build a $4 billion mixed-use project in the emirate as it taps into the continuing recovery in the UAE’s...Agriculture, food, retail associations press Biden for supply chain reliefGrain millers have reached out to President Joe Biden seeking a partner in the mission to alleviate massive US supply chain challenges propelling prices higher...Dubai Airshow: Boeing 777X arrives at DWC for international debutBoeing's 777X wide-body aircraft landed in Dubai World Central at 14.02pm on Tuesday before its international debut next week at the Dubai Airshow, the first...Adnoc Distribution's 9-month net profit rises 6%Adnoc Distribution's net profit for the first nine months of the year rose more than 6 per cent to reach Dh1.68 billion ($457.8 million) due...Bitcoin surges past $68,000 level to reach a record highBitcoin jumped past $68,000 for the first time to a new all-time high, part of a wider recent rally in the cryptocurrency sector.The world’s largest...Google owner Alphabet hits $2tn cap, joining the ranks of Microsoft and AppleGoogle's parent company Alphabet briefly hit a market capitalisation of $2 trillion on Monday, joining other US technology firms Apple ($2.47tn) and Microsoft ($2.53tn) in...Mobicon salutes the military-standard quality and uptime achieved by HydraulinkContainer handling machinery specialists, Mobicon Systems, are using high quality hydraulic hoses to drive new equipment designs for increased lifting efficiency and reliability for their...St. Anthony: Spectro Alloys invests $10 million in its aluminum-recycling businessSpectro Alloys of Rosemount is investing $10 million to make its Rosemount recycling plant, the Upper Midwest's largest processor of industrial aluminum, safer and more...Lights please: Impress holiday guests with lighting featuresThe holidays are upon us once again, and the first thing you or your guests will do after stepping inside your home is turn on...Sydney Airport agrees to $17.5bn buyout dealSydney Airport has agreed to accept a A$23.6bn (£13bn; $17.5bn) takeover bid from a group of investors.If completed, the deal will one of Australia's biggest...UAE property market to see strong rebound in next 18 months, experts sayThere is a "true rebound" in the UAE’s property market, driven by government initiatives with the market momentum expected to sustain for the next 12...UAE economy in 'strong' position and has entered growth phase, minister saysThe UAE's economy has passed the recovery phase and is registering growth in key economic indicators, according to the government.The national economy is in a...Nike is betting you’ll want to wear Air Jordans in the metaverse Fashion has gone digital. Digital fashion is essentially the same thing as traditional fashion, but the jeans and shirts you buy aren’t physical garments and...How India's 2070 net-zero ambitions will boost green energy sector in the countryIndia's green energy sector is set to get a boost from the country's target of achieving carbon neutrality by 2070, giving the drive to transition...Honda lowers profit, vehicle sales forecast over chip crunchAutomaker Honda Motor Co lowered its profit and vehicle sales forecasts for the fiscal year, pointing Friday to shortages of computer chips and rising material...Seven concurrent trade fairs close, attracting 16,000+ onsite buyers“Physical + online” format creates new business opportunitiesThe Hong Kong Trade Development Council (HKTDC) brought its seven autumn trade fairs* together onto a single “physical...Cross-Chain Scaling Solution BTTC Officially Goes Live, TRON Aims at “Connecting All Chains”TRON, a leading public chain, is pleased to announce a major initiative with BitTorrent Chain (BTTC) test network, a layer 2 cross-chain scaling solution compatible...India cuts fuel taxes as prices hit record highsIndia has cut the taxes paid by consumers on petrol and diesel after the surging cost of crude oil pushed fuel prices to record highs.The...