Cyclone Tej Threatens Oman’s Dhofar Region; Authorities Prepare for Impact
The Sultanate of Oman is facing a formidable challenge with Cyclone Tej, which has intensified into a Category 3 storm and threatens to become a Category 4 cyclone. The region, particularly Dhofar, is on high alert due to the expected heavy rainfall and flash flood warnings. The authorities are actively working to evacuate residents from vulnerable areas, preparing shelters, and ensuring a swift emergency response. Safety measures, such as official holidays for employees and medical preparedness, have been put in place. Cyclone Tej underscores the urgency of climate resilience and proactive disaster management in today’s world.
Mobile Sector Adds $5.2 Trillion to Global Economy
Mobile technologies and services generated 5% of global GDP, a contribution that amounted to $5.2 trillion of economic value added. The greatest benefits came from productivity effects, which reached $3.5 trillion, followed by mobile operators, which generated $650 billion.
Exclusive: L3Harris nears $4.7 billion deal to acquire Aerojet Rocketdyne
L3Harris Technologies Inc is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc, 10 months after the latter’s $4.4 billion sale to Lockheed Martin Corp fell through, people familiar with the matter said on Saturday.
Foxconn fine for unauthorised China investment likely to be imposed soon – source
Foxconn, the world’s largest contract electronics maker, is likely to be fined soon by Taiwan’s government for an unauthorised investment in a Chinese chip maker, a person with direct knowledge of the situation said on Monday.
Dollar rises as China COVID worries spur safe-haven buying
The U.S. dollar was firmly higher against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment.
Shell advances to next round of bidding for Danish biogas maker Nature Energy -sources
LONDON, Oct 18 (Reuters) – Shell is among a number of companies joining a second bidding round to acquire Danish biogas producer Nature Energy, three sources familiar with the matter said, as energy firms race to boost low-carbon businesses. The sale is due to close by the end of this year and could value Nature Energy […]
Stocks ease as Ukraine attacks and rate outlook spark flight to havens
Global shares dropped on Monday after Russian missiles pounded cities across Ukraine and as renewed concern about the economic outlook sent investors into safe-haven assets such as the dollar and bonds.
Sony to buy mobile game developer in push beyond consoles
Sony Group Corp (6758.T) on Monday said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount as part of a major push by the Japanese conglomerate beyond console gaming.
Trade war with China could cost Germany six times as much as Brexit, study says
Germany would face costs almost six times as high as Brexit if it and the European Union were to shut China out of their economies, the Ifo institute said on Monday, citing the results of a study.
