Posted: Dec. 27, 2016 7:00 am Updated: Dec. 27, 2016 7:46 am MANILA, Philippines (AP) The Philippine coast guard pressed its search Tuesday for 18 crewmen from a cargo ship that sank at the height of Typhoon Nock-Ten, which struck the country on Christmas Day. Coast guard spokesman Armand Balilo said 14 other crewmen have been rescued and one died after the M/V Starlite Atlantic sank […]
Qualcomm has been fined 1.03 trillion won ($865 million) by the South Korean Fair Trade Commission (KFTC) over antitrust violations, with the regulator finding the chip giant’s business practices to be in violation of competition law. Qualcomm’s business model includes collecting royalty payments from clients, which are calculated on the price of the handset using the chip, rather than the price of the chipset itself, and royalties […]
(Image: Tesla) Tesla and Panasonic on Tuesday announced they will begin making photovoltaic cells and modules at a $256 million factory in upstate New York. The PV cells and modules will be used in solar panels Tesla will be manufacturing to store power in customers’ homes through Tesla’s energy storage products, the Powerwall and Powerpack. Production of the first PV modules will begin in summer 2017, and […]
By Thomas Wilson and Saeed Azhar | TOKYO/SINGAPORE TOKYO/SINGAPORE Japan Inc may become a more important force in dealmaking next year as its cashed-up companies seek to buy growth prospects elsewhere in the world and as Beijing’s crackdown on capital outflows prevents some Chinese companies from making foreign acquisitions, bankers and lawyers said. Facing tepid prospects at home after decades of stagnation amid a shrinking population, Japanese […]
Your daily guide to community and cultural activities across the Emirates for December 28, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Dubai Art exhibition See the exhibition As If Anything Here Belonged To You, in which artist Cecilia Fattorini presents works about our impact on the world, sourcing her subject matter from the rhythms and […]
Dubai, UAE, 27 December 2016 HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has opened the Dubai Future Accelerators workshop organised by the Dubai Government Excellence Program on 27 December 2016 at Jumeirah Emirates Towers. In his keynote speech, Al Tayer emphasised that the UAE is an active key player in shaping the future through accelerators, innovation, and adopting scientific […]
M-Station is largest power plant in the UAE with total cost reaching AED 11.62 billion and will produce 2,760MW on completion Dubai, UAE, 27 December 2016 Dubai Electricity and Water Authority (DEWA) has announced that it has completed 53% of the M-Station expansion project. The M-Station is the newest and largest power production and water desalination plant in the UAE. DEWA completed 3.9 million safe man-hours without […]
Scientists have developed a transparent, self-healing, highly stretchable conductive material that can be electrically activated to power artificial muscles and could be used to improve batteries, electronic devices, and robots. (via WSJ)
TOKYO Tokyo Electric Power (Tepco) is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, people familiar with the plans said. Once-sceptical investors are now more comfortable with the utility’s outlook after government moves to reassess decommissioning and compensation costs, bankers and investors who asked not to be identified told Thomson Reuters […]
Scientists have discovered a way to use diamondoids – the smallest possible bits of diamond – to assemble atoms into the thinnest possible electrical wires, just three atoms wide. (via WSJ)
The Sunday Times of Malta’s cartoonist Steve Bonello picked this effort as his favourite cartoon of the year. “The Panama Papers had not been published by that date (March 13), but it was what all of Malta was talking about, with the government pedalling hard to shift the focus on its three years of achievements,” Mr Bonello said in explaining his choice. It is indeed a remarkable […]
A powerful typhoon blew out of the northern Philippines on Monday after killing at least six people and spoiling Christmas in several provinces, where more than 380,000 people abandoned celebrations at home to reach emergency shelters and other safer grounds. Typhoon Nock-Ten cut power to five entire provinces due to toppled electric posts and trees, dimming Christmas revelries in Asia’s largest Catholic nation. More than 300 flights […]
By Gram Slattery | SANTIAGO SANTIAGO Chile’s government set to work on Monday repairing roads and restoring electricity to southern regions affected by a major earthquake that struck on Christmas Day, frightening thousands but resulting in no fatalities or major damage. The quake, a magnitude 7.6 centered off Chiloe Island northwest of Patagonia, caused thousands in the tourism and salmon farming region to evacuate to higher ground […]
Over the past year, technology and ‘sharing economy’ start-ups have continued their disruption of traditional industries — from Uber and other ride hailers’ shake-up of the taxi market to Airbnb’s myriad alternatives to conventional hotel stays. But which will be the next businesses to be challenged by further digitisation and automation? FT correspondents have looked ahead five to 10 years to identify those industry sectors and companies […]
By Jake Spring | NINGDE, China NINGDE, China A dusty village on the outskirts of Ningde, a third-tier city in China’s southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology. Yet China’s top-down industrial policy diktats – move up the value chain, clean up polluted urban skies, and shift to plug-in cars – have Contemporary Amperex Technology Ltd (CATL) […]
Qatar’s Nebras Power said on Sunday its subsidiary Nebras Power Netherland BV had completed the acquisition of a 35.5 percent stake in Indonesia’s largest independent power producer, PT Paiton Energy. PT Paiton Energy owns a 2,045 MW thermal power plant. Nebras announced the acquisition in a bourse statement. In October, Nebras’ chief executive Khalid Jolo told Reuters the company planned to acquire the stake from France’s Engie […]
New experiments have shown that it is possible for extremely high currents to pass through graphene, a form of carbon. This allows imbalances in electric charge to be rapidly rectified. (via WSJ)
Dubai, UAE, 25 December 2016HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has received HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), at DEWA’s Main Office. HE Mattar Al Tayer was accompanied by a high-level delegation from RTA comprising Maitha bin Udai, CEO of the Traffic and Roads […]
A research group using the NIFS ‘Plasma Simulator’ supercomputer succeeded for the first time in the world in calculating the movements of one billion plasma particles and the electrical field constructed by those particles. Further, they clarified from the particle level (micro-level) the movements of the plasma blob that appears in the edge regions of high-temperature plasmas. (via WSJ)
The haiku is a powerful poetic form derived from the original Japanese style, with its structured three lines of five, seven and five syllables. David Lanoue, haiku poet and author, defines it as: “A one-breath poem that discovers connection.” They’re beautiful but not something you expect to find many of in the FT. However, in a fit of experimentation earlier this year, we created an algorithm that […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
|By Arabian Post Staff| Saudi Arabia unveiled a $237 billion budget for 2017, an 8 percent increase from 2016, with projections of a record 33 percent decrease in the Kingdom’s national deficit. “Our economy is firm and it has sufficient strength to cope with the current economic and financial challenges,” said King Salman bin Abdulaziz.. “We have sought through this budget and its programs to improve the […]
Fotowatio Renewable Ventures (FRV), a developer of large-scale solar power plants and part of Saudi-based Abdul Latif Jameel Energy, has been awarded a 30-year 300MW solar project in Mexico. With this build-operate-own agreement, FRV said it is extending its global footprint into the Mexican market at a rate of $26.99/MWh for the first 15 years of the project. The construction of the plant will begin in mid-2018 […]
Filipino beauty pageant winners Parul Shah and Maggie Wilson have emerged victorious on the fifth season of reality-TV programme The Amazing Race Asia. They beat fellow beauty queens Yvonne Lee and Chloe Chen from Malaysia, as well as married couple Eric Tai and Rona Samson, who are also from the Philippines, in the grand finale this week. It was the culmination of 10 legs of competition that […]
