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Etihad Airways commits to zero net carbon emissions by 2050

Etihad Airways on Wednesday announced its commitment to a minimum target of zero net carbon emissions by 2050 and halving its 2019 net emission levels by 2035.

In a statement, the airline said that its ambitious environmental targets will be achieved through a mix of internal initiatives, collaboration with industry partners and adoption of a programme of relevant carbon offsets.

Tony Douglas, group CEO of Etihad"...

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Gap pulls plug on Old Navy spinoff, to focus on sales January 18, 2020

Shoppers enter the Old Navy store in Broomfield, Colorado. — Reuters
NEW YORK: Gap Inc on scrapped its plan to spin-off Old Navy and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped full-year earnings, sending its shares up about 4 per cent.
The move came as a surprise as just two months ago the company had stuck to its plan to separate despite several analysts calling for the strategy to be canned due to weak sales and the abrupt exit of Chief Executive Officer Art Peck. Peck unveiled the plan in February last year when Old Navy was a bright spot for the company, which was struggling with out-of-fashion apparel at its Gap brand.
However, sales"...

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iPhone manufacturer Hon Hai to establish electric car venture with FiatJanuary 18, 2020

Hon Hai Precision, the main assembler of Apple’s iPhones, will establish a joint venture with car giant Fiat Chrysler to develop and make electric vehicles in China.

Hon Hai and its subsidiaries will hold 50 per cent of the venture and Fiat the rest, the Taiwanese company said in an exchange filing.

While the two companies have yet to sign a formal agreement, they plan to target the Chinese market first and consider exporting cars later. They aim to sign the agreement in the first quarter, according to a person familiar with the matter, and Hon Hai’s Hong Kong-listed"...

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WiSER Forum highlights role of digitalisation in female empowerment

WAM) -- Masdar, one of the world’s leading renewable energy companies, hosted its fifth annual Women in Sustainability, Environment and Renewable Energy, WiSER, Forum on Tuesday at the Abu Dhabi Sustainability Week, ADSW, 2020.

This year, the forum focused on digitalisation, Artificial Intelligence and the new digital economy, exploring the opportunities and challenges the sustainability industry faces in ensuring female inclusion, through an expert panel and an engaging roundtable discussion session.

The forum was attended by Sheikha Shamma bin Sultan bin Khalifa"...

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May AI boss you? More UAE employees comfortable working with robots

An unbiased approach to salary increases, promotions, and hiring are some of the reasons why artificial intelligence-enabled robots will make good managers in the workforce, a new study has discovered.

Results from the second annual AI at Work study, conducted by Oracle and Future Workplace, revealed that the use of AI is becoming more prominent, with 50 per cent of workers currently using some form of AI at work, compared to only 32 per cent last year.

At 65 per cent, the majority of workers in the study said that they are optimistic, excited and grateful about having robot"...

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AURAK signs an agreement with The University of Texas at Arlington

The American University of Ras Al Khaimah (AURAK) and the University of Texas at Arlington (UTA) have signed an agreement to set up a collaborative education program to maximize opportunities for students.

The deal means that students at AURAK who successfully complete three years of the undergraduate curriculum in Computer Engineering can be accepted at the Computer Science and Engineering Department in the College of Engineering at the University of Texas at Arlington.

Upon successful completion of the first year at UTA students will be awarded a bachelor’s degree"...

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Tej Kohli Foundation Moves One Step Closer to the Regeneration of Corneal Tissue to Cure Blindness

The Tej Kohli Foundation has moved one step closer to a non-surgical treatment for corneal blindness as it prepares to enter into a collaboration with researchers in Montreal, Canada and Moorfields Eye Hospital, UK to develop the Foundation’s recently acquired proprietary technology into an injectable biosynthetic ‘glue-filler’.

The biosynthetic solution is a liquid form that sets as a gel at body temperature and which can then be modified to act as a tissue glue. The biosynthetic material has the potential to seal corneal perforations and cause the regeneration of corneal tissue, which would eliminate the need for corneal transplant"...

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