‘We were fighting for survival’: How Huawei is enduring war with US page 10

Monday, December 23, 2019

28,455.09 10,474.13 41,681.54 1,480.90 +78.13 pts +133.76 pts +7.62 pts Gold -0.24% Facing industrial decline, Wales Dow QE sensex dreams of Silicon Valley page 11 Price percentage Price percentage 17.22 Brent 66.14 -0.60% WTI 60.44 -1.21% Silver +0.41%

Kaabi leads Qatari delegation to OAPEC meeting in Kuwait

Minister of State for Energy Affairs HE Saad Sherida al Kaabi has led Qatar’s delegation to the 103rd Ministerial Council meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) in Kuwait. Kuwait Amir Sheikh Sabah Al Ahmad Al Sabah received Kaabi and other OAPEC oil ministers in Kuwait City. The OAPEC was established in 1968 and is headquartered in Kuwait City.

Taxes have arrived in Qatar: ViacomCBS to acquire KPMG’s Barbara Henzen

Tribune News Network 49% stake in Miramax Doha tion globally. With the recently-estab- beIN will retain $375 mn deal “Miramax is a renowned lished General Tax Authority global studio, responsible for (GTA) becoming effective, 51 percent stake ● ViacomCBS will acquire some of the most iconic films taxation in Qatar is becom- in the global en- 49 percent of Miramax from of the last three decades, in- ing increasingly more com- beIN for a total investment cluding Pulp Fiction, Good plex, KPMG’s Head of Tax tertainment firm of $375 million, which Will Hunting, Kill Bill and and Corporate Services Bar- includes an upfront cash more,” said Bob Bakish, Presi- bara Henzen has said. KPMG’s Head of Tax and Corpo- GTA Strategic and Quality Tribune News Network payment of approximately dent and CEO of ViacomCBS. The GTA has started to rate Services Barbara Henzen Consultant Enrique Guillen Doha $150 million, along with a “This partnership with issue a lot of questions on commitment to invest $45 beIN will be a unique op- tax returns and to issue as- be prepared. he said. ViacomCBS has entered into portunity to gain access to a sessments, she said. Enrique Guillen, Strate- Henzen and KPMG in a definitive agreement with million annually over the valuable library, deepening “With the new online tax gic and Quality Consultant, Qatar’s Senior Tax Manag- beIN Media Group to acquire next five years, or $225 our already substantial pool management system ‘Dha- GTA, was a guest speaker at ers, Imran Ayub, Abhishek a 49 percent stake in Miramax. million, to be used for new of IP at a time when demand reeba’ as well as the immi- the event and introduced the Jain and Uma Patankar Miramax is a global film film and television for premium content is only nent introduction of transfer new upcoming tax system. talked about a number of and television studio best productions and working accelerating. We look forward pricing and value-added tax, He talked about taxation subjects including recent known for its award-winning capital to working closely with the it is fair to say the taxes have as one of the several ways to changes in the tax landscape film library encompassing Miramax management team arrived in Qatar,” Henzen mobilise governmental rev- in Qatar and how to navigate more than 700 titles, 278 as we explore new ways to de- said at a seminar held re- enue to manage an economy through audits. Academy Award nominations liver its titles across a variety cently in Doha. and to provide public ser- The seminar also covered and 68 Oscars, including four of platforms and create new, The seminar, held on De- vices, about the purpose of main highlights ofchanges in Best Picture awards for Chica- compelling projects.” cember 12, 2019, shed light a modern tax authority and the international landscape go, Shakespeare In Love, The This partnership with beIN will be a unique opportunity to beIN Chairman Nasser al on the rapidly changing tax the role of GTA. such as Substance Require- English Patient, and No Coun- gain access to a valuable library. Khelaifi said, “This represents and regulatory framework in “Taxation will play an ments, Digital Taxes and try For Old Men. a major investment in and the country and beyond. increasingly important role BEPS 2.0. beIN will retain a 51 per- Bob Bakish, President and CEO of ViacomCBS endorsement of our thriving At the event, titled ‘Navi- in realizing Vision 2030, by KPMG has one of the cent stake in Miramax and its Miramax business, which has gating the future’, Henzen diversifying the State of Qa- largest local tax teams in Qa- current leadership team will Pictures’ deep content library or $225 million, to be used for grown in value under beIN explained to over 150 tax tar’s revenue base beyond tar, employing over 26 spe- continue to lead the company. – including more than 3,600 new film and television pro- Media Group’s ownership and and finance leaders that the hydrocarbons and achieving cialist staff, well equipped to The transaction is subject to films – and its global distribu- ductions and working capital. has a fantastic future ahead most important part about medium to long term social deal with clients’ in-country customary closing conditions tion infrastructure, market- In addition, Paramount with major new movies and changes to tax regimes is to and economic policy goals,” and overseas tax needs. and is expected to close in the ing resources and production Pictures has entered into an unexploited premium dramas. first quarter of 2020. expertise will further enrich exclusive, long-term distribu- We are thrilled to partner with Drawing on the strength of Miramax’s library value and tion agreement for Miramax’s ViacomCBS and Paramount Paramount Pictures – Viaco- help drive new films and TV film library; and an exclusive, to explore further opportuni- mCBS’ historic film and televi- projects. long-term first-look agree- ties around Miramax’s iconic sion studio – this investment Under the terms of the ment allowing Paramount Pic- IP, and also at Group level; Qatar index gains 133.76 points in MIRAMAX will create syn- transaction, ViacomCBS will tures to develop, produce, fi- while substantially increasing ergies and other valuable op- acquire 49 percent of Miramax nance and distribute new film the scale of our entertainment QNA The volume of shares in green zone on Sunday. QSE portunities through both new from beIN for a total invest- and television projects based business. This deal further Doha traded decreased to 87.2 mil- Total Return Index gained 1.29 production and co-financing ment of $375 million, which on Miramax’s IP. Further, underlines beIN’s ambitions lion from 118.02 million on percent to 19,273.28 points. opportunities in film and TV, includes an upfront cash pay- beIN and ViacomCBS will on the global stage – we are Qatar Stock Exchange last Tuesday and the value of QSE Al Rayan Islamic In- and the combined distribu- ment of approximately $150 explore other strategic part- very proud to have established (QSE) gained 133.76 points or shares decreased to QR290.39 dex increased 0.87 percent to tion of both new and existing million, along with a commit- nership opportunities across ourselves as one of the leading 1.29 percent when the bourse million from QR519.511 mil- 2,336.38 points and QSE All library content. ment to invest $45 million an- content production and distri- groups in sport, entertainment closed trading at 10,474.13 lion on last Tuesday. Share Index added 1.51 per- In addition, Paramount nually over the next five years, bution, live events and recrea- and media.” points on Sunday. Indices of all sectors ended cent to 3,111.68 points.

US-China trade pact soon: Trump Online payments: Ooredoo stitches partnership with al khaliji President Donald Trump has said the United States phones. Enabling online bank- and China would “very Users may soon pay for Ooredoo services ing payments with our new shortly” sign their so-called partner al khaliji Bank cre- from al khaliji accounts online ates yet another way to make Phase One trade pact. our customers’ lives easier, “We just achieved a Tribune News Network counts. 24/7 service contributing to complete cus- breakthrough on the trade Doha Online banking with al tomer satisfaction, and is also deal and we will be sign- khaliji Bank is available 24/7, The partnership, which was another step on our journey to ing it very shortly,” Trump Ooredoo has signed a part- meaning customers can log cemented at a signing complete digitalisation.” said at a Turning Point nership with Al Khalij Com- on and pay bills or recharge ceremony on November 20, al khaliji Group Chief USA event in Florida. mercial Bank (al khaliji) to anytime, from wherever they 2019, means Ooredoo HR and Administration Of- The Phase One deal enable its customers to pay for are. This way, they can avoid customers may soon pay their ficer Hamad al Kubaisi said, was announced earlier Ooredoo services from their al queues and make payments at Shahry, Fibre and Home “Digital banking is high on this month as part of a khaliji Bank accounts via on- a time of their choosing rather Broadband bills via online the agenda of al khaliji Bank bid to end the months- line banking. than being restricted to branch banking, as well as recharging as we evolve it to respond The partnership, which opening hours. their prepaid accounts. Online to the needs of our custom- long tit-for-tat trade war was cemented at a signing cer- Ooredoo Qatar Chief Op- ers many of whom are today between the world’s two emony on November 20, 2019, erating OfficerYousuf Abdulla banking with al khaliji Bank is looking for more improved largest economies, which means Ooredoo customers al Kubaisi said, “Time is of available 24/7, meaning self-service alternatives. Our has roiled markets and hit may soon pay their Shahry, Fi- the essence for all of us; we’re customers can log on and pay digital banking options give global growth. Ooredoo Qatar COO Yousuf Abdulla al Kubaisi and al khaliji Group bre and Home Broadband bills busy, and we have to take care bills or recharge anytime, from customers total control of (Agencies) Chief HR and Administration Officer Hamad al Kubaisi shake hands via online banking, as well as of everyday tasks including wherever they are. paying bills anywhere, any- after signing an agreement facilitating online banking payments. recharging their prepaid ac- paying bills and recharging time.” 10 Monday, December 23, 2019 Economy & Business

ENVIRONMENt FRIENDLY GAC to launch hull cleaning operations in Qatar

Tribune news network Ras Laffan

GAC Qatar has joined forces with HullWiper Ltd to launch its hull cleaning solution at the Qatari port of Ras Laffan in early 2020 to meet growing demand for safe, eco-friendly hull cleaning solutions, the company announced in a statement on Sunday. GAC Qatar is the only company to have been grant- ed a licence by the country’s environment ministry to op- erate hull cleaning equipment in its waters. Daniel Nordberg, GAC Qatar Managing Director, said, “GAC has always been a maritime services pioneer. We are always looking for ways to innovate, add value to our customers, and at the same time, operate in an en-

Hullwiper in operation

vironmentally-conscious and the Qatar Petroleum (QP) fa- owners and operators a cost- able seawater jets as the is no risk to human life and “With the increase of LNG Cost-efficiant sustainable manner. Bring- cility after a QP test, and the efficient, brush and diver- cleaning medium, instead of cleaning can be conducted day production, and other ships Hullwiper offers ship owners ing HullWiper to Qatar is yet maintenance of proper clean- free alternative to traditional brushes or abrasives, to mini- or night, in most weather con- operating in the country, the and operators a cost-efficient, another initiative to tackle the ing records for monthly sub- hull cleaning methods that mise the risk of damage to ditions, and while cargo op- number of vessels calling at brush and diver-free global biofouling crisis.” missions to QP Environment protects both the ocean and coatings. erations are underway. its ports is expected to grow alternative to traditional hull HullWiper’s Remotely office. expensive anti-fouling ves- Removing fouling from “Qatar is the region’s big- significantly and HullWiper’s cleaning methods that Operated Vehicle (ROV) All fouling removed is sel hull coatings. Owners and vessels’ hulls results in opti- gest liquid natural gas (LNG) operational presence in part- complies with Qatar’s strict captured in its unique on- operators benefit from a clean mal performance, energy effi- exporter with more than 70 nership with GAC at Ras Laf- protects both the ocean and regulations, which include board filter unit, and a de- hull without any extra down- ciency and reduced CO2 emis- ships transporting cargo all fan will support Qatar’s ini- expensive anti-fouling vessel collection of 100 pecrent of tailed report of the operation time or harm to the marine sions, and avoids the expense over the world,” said Simon tiative for safer, cleaner and hull coatings biofouling removed during is produced. ecosystem. of recoating in case of damage. Doran, HullWiper Managing greener shipping with its hull cleaning for safe disposal at Hullwiper offers ship The system uses adjust- No divers are used, so there Director. cleaning solutions.” ‘We were fighting for survival’: How Huawei is enduring war with US Huawei had prospered by eschewing publicity in the 32 years since Ren launched it from a two-room office. But with annual revenues topping $109 bn in 2018 - putting it ahead of many multinational tech firms, including Microsoft, Siemens, and IBM - silence, increasingly, invited suspicion, especially in the US

tca/dpa ment, and the Communist Par- powered most of Huawei’s that she violated US Shenzhen ty - resurgent under President smartphones. sanctions against Iran. Ren Xi Jinping - well-positioned to Secretary of State Mike says his daughter is innocent “Heroes are forged, not support China’s quest for global Pompeo has warned that Ger- and that she is a pawn in the born,” proclaims the Huawei dominance. many and other NATO coun- US-China trade war. (Shortly poster, depicting a World War Although Ren had por- tries that allow the purchase of after her arrest, President II Russian plane, still flying trayed Huawei as a company Huawei technology and prod- Trump told Reuters he would despite being riddled by anti- that would always protect its ucts run the risk that the US intervene in her case if doing so aircraft and machine gun fire. customers, even if it meant won’t share intelligence infor- would lead to a better trade deal The same is true for Huawei standing up to government mation with them. with China. But there was no Investment & Holding Co., says pressure, he recognized that Australia, New Zealand indication that Huawei gained its founder, Ren Zhengfei. Al- public opinion outside China and Japan have all agreed to anything from the new U.S-Chi- though Huawei has been blood- was turning against Huawei. restrictions on Huawei’s 5G na trade agreement.) A second ied by America’s unprecedented So, the 75-year-old founder equipment, while the British indictment, unsealed in Janu- and relentless efforts to destroy launched a personal charm of- and German governments, ini- ary, charged Huawei with steal- it, Ren seemed confident, dur- fensive. As of last month, when tially favoring the purchase of ing an industrial robot from ing a recent visit to Huawei’s The Times had a second lengthy Huawei equipment, now seem T-Mobile. Huawei has rejected headquarters here, that China’s interview with Ren, he had met less willing to move forward. In the charges, noting that it and largest smartphone and tel- with more than 3,000 foreign contrast, however, Telefonica T-Mobile had settled a civil suit ecom manufacturer would re- journalists and executives. Deutschland, the large German containing similar allegations main formidable and resilient. “We were fighting for sur- mobile subsidiary of Spain’s several years before the indict- With the US threatening to vival,” he said. “We had to tell Telefonica, announced this ment was unsealed. ban American hardware and the world who we really are.” month that it would be pur- News of America’s attacks software providers from doing For many years Huawei’s accus- chasing 5G equipment from on Huawei prompted a pa- business with the company, ers focused primarily on alleged Huawei. triotic response among many Huawei has attempted to stock- theft of intellectual property. Sens. Marco Rubio and Chinese, who switched to Hua- pile chips and scramble the de- More recently, however, John Cornyn have introduced wei from Apple and other im- velopment of its own operating Huawei’s lead in developing legislation that would prohibit ported smartphones, Ren said. system. It has countered federal 5G, an important new telecom Huawei from using US courts Huawei also has paid most of indictments in New York and technology, has prompted na- Huawei founder Ren Zhengfei to enforce any of its more than its employees bonuses called Seattle with civil suits of its own tional security concerns. Since 11,000 patents held in the US Special Awards for Striving, in Dallas and New Orleans. The information sent across Hua- Huawei - concluding that “Hua- the 1990s under President Bill panies try to keep source codes The legislation was proposed equal to a month’s salary. The battle has extended to six conti- wei networks would most likely wei devices pose a quantifiable Clinton. “But it is in the inter- and other proprietary technol- shortly after Reuters reported incentive plans have paid off: nents, where Huawei’s 196,000 pass through Huawei base sta- high risk to their users” and est of both countries to work ogy secret, Ren confirmed in that Huawei had asked Verizon Strong sales in China more employees operate in more than tions, the US feared it would that a majority of the products together. We can compete on an interview with The Times for more than $1 billion for use than offset weakness in over- 170 countries. Governments give China control over other analyzed had at least one “back- trade even as we create a peace- last month that he was willing of hundreds of Huawei patents. seas markets. As a result, that would prefer not to choose countries’ banking, electricity door” problem that could po- ful duopoly that can benefit to license to a US company all China has retaliated by or- Huawei revenues for the nine sides may ultimately have no grids, transportation and other tentially compromise product both sides for the rest of the 21st of Huawei’s technology, includ- dering all its government offices months ending Sept. 30 were choice but to do so. essential services. security. century.” ing its source code, designs for to remove foreign computer up more than 24%. When The Times first inter- “Whoever provides the “In light of all this, it seems Last month Bill Gates urged hardware, manufacturing tech- equipment and software within “After the US added Huawei viewed Ren in March, he and technology for 5G networks will to some of us to be nothing less the US and China to embrace niques and 5G patents. three years, the Financial Times to the Entity List, we felt it nec- his company seemed uncer- be sitting in a position of incred- than madness to allow Huawei each other’s innovations be- Official Washington has reported Dec. 9. And Danish essary to tell the world who we tain about how best to counter ible access and, thus, power,” a to worm its way into one’s next- cause it is “crazy” to think other- shown little interest in Ren’s of- publications reported two days really are, and for some people the US onslaught. Huawei had group of researchers concluded generation telecommunications wise. Gates, the philanthropist fer or in following Gates’ advice. later that the Chinese Ambassa- in some areas, Huawei’s image prospered by eschewing pub- in a report recently published by networks,” says Christopher and Microsoft co-founder, was The US Commerce Depart- dor to Denmark had threatened has somehow improved,” says licity in the 32 years since Ren Lawfare, which covers national Ashley Ford, the State Depart- speaking at a New York Times ment placed Huawei on its En- to abrogate trade agreements Ren. “The Entity List also cre- launched it from a two-room security. “All data sent and re- ment’s Assistant Secretary in Dealbook conference where he tity List in May, prohibiting US with the country’s Faroe Islands ated a crisis for our employees office. But with annual rev- ceived from a mobile device, the Bureau of International Se- said that mutual dependence firms from exporting sensitive if they refuse to purchase a 5G because they realize that they enues topping 109 billion dol- smart home or even a car will curity and Nonproliferation. minimizes the chance the US items to it. Since then, the list network from Huawei. will go down with Huawei if lars in 2018 - putting it ahead of pass through a network built Though a total decoupling and China will ever go to war has been expanded to include Last month the Federal they don’t work hard.” many multinational tech firms, with Huawei devices. These de- of Chinese and US technologies with each other. While Huawei Huawei affiliates and subsidiar- Communications Commission, Huawei has also threatened including Microsoft, Siemens, vices will be remotely controlled seems for the first time like an might be able to compromise an ies. citing threats to national secu- to cut imports from the US, and IBM - silence, increasingly, and updated,” greatly expand- actual possibility, many trade adversary’s infrastructure with Implementation of the bans rity, voted to ban US companies which totalled more than $11 invited suspicion, especially in ing opportunities for attacks. experts and corporate CEOs a software patch containing has been postponed several from using a subsidy program billion in 2018. Huawei execu- Washington. National Security Advisor worry that companies and in- malware, Gates said jet engines times in an effort to limit their to buy Huawei equipment. tives have hinted that the com- China has come to be Robert C. O’Brien has called dustries in both countries would exported to China from the US impact on rural US phone com- Huawei quickly countered with pany will soon be able to pro- viewed as a cold war adversary Huawei a “Trojan Horse” that suffer should each side push for could be similarly disabled. panies that had bought Huawei a suit alleging that the FCC’s ac- duce smartphones without any by the Trump White House, will have the ability to give much greater self-reliance. Gates, who set up Micro- equipment. But the threatened tion was unconstitutional. US chips. They say, however, by a bipartisan coalition of Re- China access to every citizen’s “We do need to hold China soft research and engineering bans have nonetheless had a Meanwhile, Ren’s daughter, that Huawei will have trouble publicans and Democrats in health and banking records. accountable,” says Mickey Kan- centers in China more than 20 chilling effect on many of Hua- who is also Huawei’s chief fi- finding developers whose appli- Congress, and by intelligence In June, Finite State, an tor, a Los Angeles-based inter- years ago, said Huawei can allay wei’s US suppliers including, nancial officer, Meng Wanzhou, cations will be good enough to community hawks. They all see Ohio research firm special- national lawyer who served as suspicions by sharing its 5G’s most notably, Google’s parent, remains under house arrest in supplant Android-based apps Huawei as a pawn and partner izing in cybersecurity, issued US Trade Representative and source codes. Alphabet Inc., whose Android Vancouver while she fights ex- available in the Google Play of China’s military, its govern- a lengthy report - disputed by then Secretary of Commerce in Although most tech com- mobile operating system has tradition to the US on charges Store. Economy & Business Monday, December 23, 2019 11 After mission Facing industrial decline, failure, Boeing spacecraft lands Wales dreams of Silicon Valley in New Mexico IQE is one of a small group of local companies, also including SPTS or Newport Wafer Fab, which have AFP -NASA administrator Jim Washington Bridenstine insisted that formed an alliance with universities to create a compound semiconductor ‘cluster’ in south Wales the space mission was not a Boeing’s new Starliner complete failure. AFP unmanned spacecraft re- “The NASA team and Newport turned to Earth on Sunday, the Boeing team have been landing in the New Mexico working hand in glove to Wales is better known for its desert in the United States accomplish as many of the factory closures than high-tech six days early after a clock test objectives as we can,” achievements. But in Newport, problem prevented a ren- he said before the landing. a former bastion of the coal in- dezvous with the Interna- Starliner was able to es- dustry, a handful of semicon- tional Space Station. tablish a communications ductor manufacturers dream Images broadcast by link with the ISS, and to test of a new Silicon Valley. NASA showed the spacecraft “We want to be this tech- touching down safely in the nology centre like Silicon dark after a descent slowed Valley, where we can attract by three large parachutes. whatever the big names of to- The Starliner capsule morrow are,” said Chris Mead- was launched Friday from ows, corporate systems man- Cape Canaveral in Florida, ager at British firm IQE. but shortly after separat- “Hopefully it will be what- ing from its Atlas V launch ever the 2030 version of Goog- rocket, its thrusters failed le is or a Facebook.” to activate as planned, pre- IQE is one of a small venting it from reaching an group of local companies, orbit high enough to meet Boeing CST-100 Starliner also including SPTS or New- up with the ISS. spacecraft in White Sands, port Wafer Fab, which have The space station or- New Mexico, on Sunday. (AFP) formed an alliance with uni- bits at an altitude of about versities to create a com- 400 kilometers (250 miles) in space its docking mecha- pound semiconductor “clus- above sea level. nism as well as its solar pan- ter” in south Wales. The flight -- carrying els, batteries, thrusters and Meadows said his firm and only a dummy -- was meant heat regulation system. SPTS began working together to be a final dress rehearsal Chilton said the vehi- after they discovered they had before a crewed flight. cle’s status was “really ex- the same customer in Taiwan, After calculating that cellent.” using them at different points the craft had burned too The Starliner re-entered in their supply chain. A technician works in a cleanroom at IQE’s plant in Cardiff, south Wales. (AFP) much propellant for sev- the atmosphere at 25 times “We realised we can offer eral minutes, Boeing and the speed of sound, with its a better service if we partner,” technicians in overalls and billion (70 billion euros). the compound semiconductor NASA were forced to thermal shield resisting the he said. masks come by occasionally to Around 1,400 people work The next step for Newport applications catapult, notes a guide the Starliner back to intense heat created by fric- Silicon semiconductors check the screens. for the cluster, but it is to produce their own inte- project with McLaren worth Earth without fulfilling its tion with the atmosphere. are used extensively in elec- “That’s where the magic grated circuits, and that will around £20 million (around planned mission. In a test in November tronic circuits, but new inno- happens. It’s like with cooking hopes to have 5,000 by bring more jobs. 23.5 million euros). Jim Chilton, senior vice only two of the three para- vations require new enabling -- everybody can have an oven 2023 thanks to the growth “We currently have three There is in total “about president of Boeing’s space chutes opened, although technology. and a recipe but not everyone of a global market that companies that we’re work- £300 million of investment in and launch division, told re- they proved sufficient for Made from a combination is a five-star chef,” said Mead- last year was worth $77 ing with, two in North Amer- this region on the next genera- porters that “we started the the landing. of materials such as silicon ows. ica and one in China... they’ll tion of semiconductor mate- clock at the wrong time.” “The entry, descent and and carbon (silicon carbide) “Our know-how, our edge billion (70 billion euros) be assembling the electronic rial”, he added. Starliner’s failure was landing is not for the faint of or arsenic and gallium (gal- comes from that particular way products using chips made The cluster is a long way the latest serious setback for heart,” Chilton said earlier. lium arsenide), compound of working out and assembling said, noting that this has ben- within the cluster,” Meadows away from replacing the thou- Boeing, which is still reel- NASA will have to de- semiconductors offer superior wafers. It’s our secret recipe.” efitedA sia. said. sands of jobs lost in Wales over ing from two fatal crashes cide whether to carry out properties in terms of power, Working together, firms in But now “it’s more about - Example of collaboration the last few decades with the of its 737 Max airliner. The another test flight or to heat and shock resistance. the Newport “cluster” can of- machinery and intellectual -In the cluster, manufactur- closure of a string of factories, crashes, in October 2018 trust that the vehicle is safe They are more complex fer custom-made products for property” -- and that brings ers delegate research and in- including Ford at Bridgend. in Indonesia and in March to carry astronauts. and more expensive than sili- chips used in devices by clients high-skilled, well-paid jobs to novation to the universities of “Is it enough to replace the 2019 in Ethiopia, claimed a Starliner’s first crewed con chips, but are more suit- such as Philips or Raytheon, a region that has suffered in- Cardiff or Swansea. The proto- lost jobs? No it’s not,” admitted total 346 lives. flight had been scheduled able for electric vehicles, laser and maintain control over the dustrial decline. types are managed by govern- Heather Myers, chief executive Boeing plans to suspend for early 2020 -- a much- devices or 5G telephony. production line. Around 1,400 people work ment organisations that invest of the South Wales Chamber of production of the plane in anticipated development - Secret recipe -In the ster- “America, Europe, we’ve for the cluster, but it hopes to in new technologies, the so- Commerce. January. ever since NASA sent up its ile offices of IQE, the machines all kind of stepped back from have 5,000 by 2023 thanks to called catapults. “But it is an answer show- - Successful re-entry last space shuttle in 2011. silently cut slices of semicon- manufacturing almost as if the growth of a global market Andy Sellars, chief busi- ing that when you collaborate ductors -- “wafers” -- as a few it is a dirty thing,” Meadows that last year was worth $77 ness development officer at you can make an impact.” EIB chief slams slow industrial response to climate change

AFP change was inevitable in the fight Germany’s crucial car indus- ing a coal miner to running a digital Frankfurt am Main against global warming. try has been especially hard hit by start-up overnight.” He singled out automakers for the downturn, which comes as au- But the transition to a carbon The president of the European taking too long to make the switch tomakers are already weighed down neutral economy can be successful Investment Bank, the EU’s lend- from the polluting internal combus- by the huge investments needed to “if the will is there”. ing arm, has sharply criticised in- tion engine to cleaner electric cars. shift to the cleaner, smarter cars of The Luxembourg-based EIB last dustrial companies for reacting too It was “crystal clear 15 or even tomorrow. month announced it would stop slowly to climate change, saying 20 years ago” that this transition Major companies like Volkswa- funding fossil fuel projects from some bosses had been “asleep at the would have “an enormous impact gen, Daimler and car supplier Con- 2022 after new European Com- wheel”. on car suppliers especially”, said tinental have announced tens of mission chief Ursula von der Leyen In an interview to appear in Hoyer. thousands of job cuts for the com- called for the lender to turn into a German newspaper group RND on “But instead of responding, ing years. “climate bank”. Monday, EIB chief Werner Hoyer many just sat back and waited.” Hoyer likened the sector’s pain The world’s largest internation- said he understood concerns over The comments come as Hoyer’s to that felt by coal miners in Germa- al public bank also plans to mobi- job losses in traditional industries. native Germany, Europe’s largest ny’s industrial heartland of North lise one trillion euros in sustainable “But there are some business economy, is experiencing a steep Rhine-Westphalia in past decades investments over the next decade to executives who should ask them- manufacturing slump driven by as mines were shuttered one by one. help the bloc become carbon neu- selves if they haven’t been asleep trade tensions, weak global growth “We need to chart a new course,” tral by 2050, in line with von der at the wheel,”Send he said, warningCV: thatobaidulkhan29@ and Brexit uncertainty. Hoyer said. “Nobody goes from be- Leyen’s ambitious “Green Deal”. European Investment Bank headquarters in Kirchberg, Luxembourg. (File photo) gmail.com

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