1 India, China get most remittances (Cleofe Maceda
in Gulf News) Families and dependents in Asia remain the biggest beneficiaries
of money sent home by expatriates working in the UAE and around the world, with
India, China, Philippines and Pakistan emerging in the top five biggest
recipients of remittances in 2016.
A new report from the United Nations International
Fund for Agricultural Development (IFAD) showed that India took home the crown
as the top-receiving country for earnings made by migrants, recording a total
of $62.7 billion in wire transfers from abroad.
Chinese dependents and families received the second-highest
amount of money sent home by expats at $61 billion, followed by Filipinos
($29.9 billion), Mexicans ($28.5 billion) and Pakistanis ($19.8 billion).
Exchange houses have reported that money flows from
the UAE continued to increase in 2016 amid sluggish economic growth and weak
oil prices, with the volume of outgoing cash transfers increasing by 10 per
cent to 12 per cent last year compared to 2015.
2 Jaguar Land Rover to recruit 5,000 (Katie Allen in
The Guardian) Jaguar Land Rover has unveiled plans to recruit 5,000 new
engineers over the next year in a boost for British industry as the Brexit
talks begin. The carmaker has just enjoyed a record year of sales bolstered by
demand for luxury cars in China and North America, and needs thousands of new
recruits, predominantly in the UK, to help develop new models, including
electric cars.
JLR is UK’s biggest car manufacturer and has been
held up by ministers as a poster child for British industry. It is also one of
the UK’s largest exporters, with about 80% of its £24bn annual revenues
generated from cars sold abroad.
Its expansion plans will bolster hopes that the UK’s
export sector can help offset some of the domestic pressures on the economy in
the years ahead as household budgets continue to be squeezed by weak pay growth
and rising inflation on the back of the slide in sterling triggered by Brexit.
JLR, owned by India’s Tata group, said that more
than 1,000 of the new 5,000 engineering recruits would be electronic and
software engineers. Faced with chronic skills shortages in the sector, the
carmaker believes it has come up with an innovative way to reach candidates
from a wider pool, and is working with Gorillaz to recruit people via the
virtual band’s app.
3 First flying car in 2018 (Khaleej Times) While
several futuristic flying car projects are underway in different countries, a
Dutch design may be the first one sold and soaring into the skies.
After years of testing, the PAL-V company aims to pip its competitors to the post. It is poised to start production on what they
bill as a world first: a three-wheeled gyrocopter-type vehicle which can carry
two people and will be certified for use on roads and in the skies.
"This kind of dream has been around for 100
years now. When the first airplane was invented, people already thought 'How
can I make that driveable on the road?'," chief marketing officer Markus
Hess said.
The PAL-V (Personal Air and Land Vehicle) firm,
based in Raamsdonksveer in the Netherlands, is aiming to deliver its first
flying car to its first customer by the end of 2018. The lucky owner will need
both a driving licence and a pilot's licence. But with the keys in hand, the
owner will be able to drive to an airfield for the short take-off, and after
landing elsewhere drive to the destination in a "door-to-door"
experience.
It won't be cheap. The first edition, the PAL-V
Liberty, costs $599,000. PAL-V was founded in 2007 by Robert Dingemanse and
pilot John Bakker.
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