European Central Bank’s newest policymaker says latest stimulus may be a mistake

Rome. Austria’s new central-bank governor said that the European Central Bank’s latest easing package was possibly a mistake and can be changed after incoming President Christine Lagarde takes over from Mario Draghi. “As things change — also this forward guidance and the policy may change — not tomorrow, not the day after tomorrow, but I […]

Disney chief Bob Iger exits Apple board as firms become streaming rivals

San Francisco: Disney chief Bob Iger resigned from Apple’s board of directors as the companies are poised to launch rival online streaming services, according to a filing Friday with US regulators. Iger’s departure came the same day that the iPhone maker announced that its Apple TV+ subscription service with a budding library of original content […]

Dubai Electricity and Water Authority’s experience in smart grids, connecting solar panels on buildings highlighted at World Energy Congress

ABU DHABI: Waleed Salman, Executive Vice President of Business Development and Excellence at Dubai Electricity and Water Authority (Dewa), highlighted Dewa’s strategy in developing smart grids and connecting solar systems in buildings to the power grid, during a workshop at the 24th World Energy Congress, WEC, in Abu Dhabi. The workshop was organised by the […]

China seeks to buy control of Hong Kong companies

Hong Kong: China told its biggest state-run firms to take control of Hong Kong companies, Reuters reported, a move that would extend the mainland’s reach in a city rocked by anti-Beijing protests for more than three months. The directive came during a meeting held this week in Shenzhen, where the government urged senior representatives from […]