Facebook-backed Libra Association changes its name to Diem

Libra Association, a cryptocurrency project started by Facebook Inc. that drew regulatory blowback worldwide, is hoping a new name offers a fresh chance to win over regulators and gain a foothold in the emerging market. The group will now be known as Diem Association, named for the word “day” in Latin, with its subsidiary Diem […]

Driving the green energy revolution

Waseem Ashraf Qureshi, CEO, Founder and Partner of Infusion Group and Kilowatt Labs, is the UAE’s serial inventor in power electronics or an ‘Enginovator’ as he calls himself. He is once again bringing the UAE on the global map of innovation and technological advancement through his genius. Qureshi has been featured in various technology supplements, […]

Vaccine approved: UK authorisation for Pfizer/BioNTech mRNA vaccine marks revolution in medicine

Dubai: When the polio vaccine was first approved (1955), people reportedly ran out in the streets to celebrate. Church bells rang. Poliomyelitis, the virus that had disfigured millions and afflicted humanity for centuries, finally found its match. The result: A world that is almost polio-free. Today, December 2, 2020, the first COVID-19 vaccine using the mRNA technique […]

UK economy headed for contraction in the current quarter

London: Britain’s economy will contract this quarter and it will take at least two years for GDP to reach pre-COVID-19 levels, according to a Reuters poll which also found London would agree a free-trade deal with the European Union. As a second wave of the coronavirus swept across Europe, Britain, which has suffered the continent’s […]

Pandemic drives online shopping in the UAE

For retailers around the world, transforming the way they deal with consumers has become an existential challenge as the coronavirus crisis tests business continuity, pliability of the digital environment and supply chain flexibility. In fact, all businesses have been forced to transform to stay afloat in the present scenario. So how has Covid transformed the […]