Archive / Business - 2022
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The IPod Joins A List Of Once Popular Consumer Electronic ProductsLast month Apple announced they would no longer be producing their iconic iPod. The demise of the once popular MP3 player joined a growing list...As one of Asia’s global hubs moves to reopen, another remains mired in restrictionsWhen Daniel Chow left Singapore in 2020 for a job in Hong Kong, he expected that his wife and two young sons would join him...Inflation divide: The wealthy splurge, the poorest pull backAmericans at the low end of the income rung are once again struggling to make ends meet. A confluence of factors — the expiration of...Guidelines to enhance your outdoor lightingLighting is an essential component of interior and exterior home design. Not only does lighting add style and make spaces more appealing, when done correctly,...Sheryl Sandberg to leave Facebook after 14 yearsMs Sandberg announced her departure in a Facebook post, saying she hoped to focus on her foundation and philanthropic work in the future. Her departure...Ukraine war: Marriott hotel chain to leave Russia after 25 yearsThe company closed its Moscow office and paused investment in Russia in March, following the invasion of Ukraine.However, its 22 hotels in the country are...WTO seeks fish, vaccine deals as war ignites trade tensionsThe World Trade Organization will host ministers from across the globe this month with the aim of striking deals on fish and vaccines, testing the...Textile factories starting to close as they stop receiving gasSeveral textile industries across Punjab have been shut down amid the closure of the gas supply. Sui Northern said that the supply was suspended for...Asian shares rise; China trading closed for national holidayAsian shares rose Friday amid mixed signs for investors such as rising energy prices and COVID-19 restrictions easing in China. Trading was closed in China...US has over 750 complaints of Teslas braking for no reasonMore than 750 Tesla owners have complained to U.S. safety regulators that cars operating on the automaker's partially automated driving systems have suddenly stopped on...Elon Musk declares end to remote working at TeslaThe new policy was shared in emails that were leaked to social media. Tesla did not respond to a request for comment on the messages,...Covid-19 slows progress towards global energy access, IEA saysThe Covid-19 pandemic, which upended the global economy and shuttered many businesses, has slowed the progress towards universal energy access goals, according to the International...Ford CEO sees electric vehicle price war as EV costs declineFord's chief executive says he expects the cost of building electric vehicles to fall to the point that in coming years automakers will be battling...Shanghai lockdown: China eases Covid restrictions after two monthsAt midnight local time (16:00 GMT Tuesday), restrictions were relaxed to allow most people to move freely around the city of some 25 million people....Kitchen Lighting Ideas That Shine in StyleKitchens are ground zero for delectable meals, family gatherings, and creative design opportunities, which means they should certainly shine. Enter: kitchen lighting ideas, an essential...Japan, S Korea business leaders agree to expand cooperationJapanese and South Korean business leaders agreed Monday to expand economic cooperation as the two sides welcomed signs of the improvement of soured bilateral ties...Who is responsible for plastic waste?Plastic packaging waste – such as plastic bottles, plastic food wrapping and plastic bags – is everywhere. A new study that sought to explore the...Six must-try adventures in Oman: from scuba diving with whale sharks to paraglidingOman has long been a favourite with travellers, thanks to its incredible natural beauty and pristine coastlines. Easily reachable from the UAE, either via a...Why the UK windfall tax on energy companies is a good decision - for someRishi Sunak, British Chancellor of the Exchequer, bowed to political pressure on Thursday and took an excellent decision. He will impose a tax on “extraordinary”...Asian stocks rise after Wall St breaks string of declinesAsian stocks rose Monday after Wall Street rebounded from a seven-week string of declines and China eased anti-virus curbs on business activity in Shanghai and...Argentina to ‘Take More Time’ Reducing Energy SubsidiesArgentina will reduce energy subsidies for utility bills at a slower pace than anticipated because of higher costs stemming from the impact of Russia’s invasion...Supermodel Tyra Banks picks Abu Dhabi as first market to expand her ice cream brandSupermodel-turned-businesswoman Tyra Banks picked Abu Dhabi as the first international market for her premium ice cream brand, Smize Cream. “I picked Abu Dhabi for my...Amazon delivery pressure hurting workers, labor group saysA labor coalition on Tuesday said that Amazon delivery workers are getting hurt due to pressure by the e-commerce giant to quickly distribute heaps of...US closes loophole for Russian debt paymentsThe US Treasury Department said it would end a waiver that had allowed US bondholders to accept payments, tightening sanctions imposed over the war in...Oil settles higher on improved demand even as recession fears loomOil prices rose on Friday on expectations of higher demand as China, the world’s largest importer of oil, began easing coronavirus pandemic-related movement restrictions and...Asian shares mixed as Wall Street hovers near bear marketShares were mostly higher in Asia in cautious trading Monday after Wall Street dipped once again to the edge of a bear market. Tokyo and...Abu Dhabi International Airport reopens Terminal 2 as passenger numbers surgeAbu Dhabi International Airport (AUH) has recently reopened its Terminal 2 amid a surge in passenger demand, routes and airline customers, operator Abu Dhabi Airports...America’s small businesses aren’t ready for a cyberattackSome of the highest profile cyberattacks on the U.S. in recent years are alleged to have originated in Russia, including the 2021 attack on the...Hyundai announces $5.5 bil electric vehicle plant in GeorgiaHyundai Motor Group officials confirmed Friday the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands —...Learn How Different Types Of Lighting Can Create The Right Mood In Your HomeThere are so many different types of lighting to choose from when you are decorating your home. It can be overwhelming, especially if you don’t...This lighting trick could add value to your home instantly – according to expertsWhen it comes to selling your home, there are many tricks that have the potential to attract investors – but none are quite so simple...Harley-Davidson suspends production for 2 weeksHarley-Davidson announced a two-week suspension of vehicle assembly and most shipments, citing a regulatory compliance issue with one of its suppliers.Shares tumbled almost 8% Thursday....3 myths about electric carsSkeptics say that far from helping save the planet, electric cars are a liberal pipe-dream whose environmental benefits are exaggerated.But even if there is no...The Plastic Alternative The World NeedsPlastics may be a villain in earth's very own TV series, but without it, many inventions would not be possible today. Plastic has given us...Dubai International Airport raises 2022 passenger traffic forecast to 58.3 millionDubai International Airport has raised its annual passenger traffic forecast for 2022 to 58.3 million, from an earlier projection of 57 million.The world’s busiest international...Essentra Packaging Invests in Digital Printing for Cartons with a Landa Nanographic PressMultinational packaging specialist to the healthcare, personal care and beauty industries, Essentra Packaging has announced its investment in a new Landa S10 Nanographic Printing Press...Recover™ Opens Manufacturing Facility In Bangladesh To Meet Recycled Cotton Fiber Scaling Ambitions Recycled cotton fiber producer, Recover™, has announced the official opening of its new facility in Bangladesh, expanding the company´s manufacturing capabilities and accelerate its efforts...Ukraine war: Russia nationalises Renault's Moscow plantThe French carmaker said it would sell its 68% interest to a Russian science institute, while its shares in Renault Russia will go to the...Shanghai announces gradual reopening of businessesShanghai announced a gradual reopening from Monday of businesses, though it remains unclear when the millions of people still locked down in China's economic capital...Chemical recycling of plastic gets a boost in 18 US states—but environmentalists question whether it really is recyclinglastic pollution is virtually everywhere on earth, and the public is increasingly concerned about the buildup of plastic litter in neighborhoods, parks, and beaches as...Honda's profit slides on chips, material cost woesHonda Motor Co's fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year as it endured supply shortages...Elon Musk says Twitter deal is temporarily on holdElon Musk said his acquisition of Twitter for about $44 billion is temporarily on hold pending details on the amount of fake accounts on the...Virtual Walkthrough Helps Double Large Landscape Lighting ProjectThat’s because the new Coastal Source Design Services virtual walkthrough program not only guides the World Premiere team through the specific design, but provides them...Toyota posts record full-year ¥2.82 tril net profitToyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and...The power of one: Visual Comfort and Circa Lighting are combiningTwelve years ago, lighting industry power siblings Gale and Andy Singer hired a marketing consultant to take a close look at their two businesses. Andy’s,...Sony logs record full-year sales but net profit dipsSony Group Corp on Tuesday reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, while...Abu Dhabi airport passenger numbers triple in first quarter as demand recoversAbu Dhabi International Airport handled 2.56 million passengers in the first quarter of 2022, more than triple the amount from the same period last year,...Emaar Hospitality plans to expand Mena operationsEmaar Hospitality is planning to open new properties in the UAE and the Middle East and North Africa region this year and next as part...Auto Suppliers Redesign Electronics to Bypass Parts ShortagesFacing continuing supply chain challenges and shortages of chips and other parts, both the suppliers of electronic components and the automakers that use those components...China's Government, State-Backed Firms to Scrap Foreign PCs Within Two YearsIn a bid to support local PC makers and software developers and reduce the impact of any potential future sanctions from western governments, China's government...